RedLock Inc.

RedLock Inc. is a cybersecurity firm specializing in protecting cloud applications throughout their lifecycle, from design to runtime, by managing risks and vulnerabilities effectively. Founded in 2015 in Menlo Park, US, RedLock Inc. specializes in cloud security.

The company was founded by Matthias Thorner and Varun Badhwar, who currently serve as CEO. In October 2018, RedLock was acquired by Palo Alto Networks, Inc. for USD 173 mn. RedLock has completed a total of 3 deals, with its most recent deal occurring in October 2018.

RedLock Inc. offers Prisma Cloud, a security platform developed by Palo Alto Networks that secures cloud applications from design to runtime. The platform includes features for managing risks in code/build security, infrastructure security, and runtime protection, catering to large enterprises in various sectors such as financial services, retail, and technology. Palo Alto Networks generates revenue through a subscription-based model for Prisma Cloud services, involving annual contracts with businesses.

The revenue model reflects a recurring income stream that ensures financial stability and growth, tailored to meet B2B client requirements. Palo Alto Networks aims to enhance its cybersecurity solutions and expand into new global markets following the acquisition of RedLock. The recent acquisition for USD 173 mn is set to be finalized during Palo Alto Networks' fiscal first quarter. The growth strategy includes the development of new products and extending their market presence in North America, Europe, and Asia-Pacific.