Cognizant Partners with Palo Alto Networks to Deliver AI-Led Cybersecurity Services and Strengthen Security Posture of Global Enterprises

Rhea-AI Summary

Cognizant (NASDAQ: CTSH) and Palo Alto Networks are partnering to deliver AI-driven cybersecurity capabilities and services for enterprises across industries. The partnership aims to help clients consolidate security products, reduce complexity, and improve overall security through platformization. Cognizant will deepen its expertise across Palo Alto Networks' AI-powered platforms and bring to market tailored, AI-led solutions for better attack protection and faster issue resolution.

Cognizant will initially feature four key managed platform offerings: SecureNXT Access, SecureNXT Cloud, SecureNXT EDR/MDR, and SecureNXT SOC. These offerings are designed to mitigate cybersecurity risks, manage cyber events, foster cyber resilience, and enhance regulatory compliance. The partnership also supports Cognizant's internal security infrastructure and global cyber defense program.

Positive

• Partnership with Palo Alto Networks to enhance AI-driven cybersecurity capabilities
• Introduction of four new managed platform offerings to strengthen cybersecurity services
• Potential for improved security outcomes and risk mitigation for clients
• Strengthening of Cognizant's internal security infrastructure

Negative

• None.

Insights

Cybersecurity Analyst

This partnership between Cognizant and Palo Alto Networks represents a significant move in the cybersecurity landscape. By combining Cognizant's service expertise with Palo Alto Networks' AI-powered platforms, they're addressing critical needs in the market:

• Consolidation of security products to reduce complexity
• Improved attack protection through AI-driven solutions
• Faster issue resolution with centralized high-quality data

The four new managed platform offerings are particularly noteworthy, covering important areas like zero trust, cloud security, EDR/MDR and SOC operations. This comprehensive approach could give Cognizant a competitive edge in serving enterprise clients, especially in high-risk industries like financial services and healthcare.

For investors, this partnership could potentially drive revenue growth for Cognizant in its cybersecurity segment. However, the impact on overall financials may take time to materialize as these solutions are rolled out and adopted by clients.

Financial Analyst

From a financial perspective, this partnership has several positive implications for Cognizant:

• Potential for increased revenue from expanded cybersecurity services
• Enhanced competitive positioning in the lucrative cybersecurity market
• Opportunity to upsell existing clients and attract new ones with comprehensive AI-driven solutions

While specific financial projections aren't provided, the partnership aligns with Cognizant's strategy to grow its higher-margin digital business. The cybersecurity market is expected to grow significantly, with some estimates projecting a 13.4% CAGR through 2030.

Investors should monitor Cognizant's upcoming quarterly reports for indications of growth in the cybersecurity segment and any impact on overall margins. The partnership's success could potentially lead to improved profitability and market share gains in the long term.

Comprehensive, AI-powered security platforms to fortify cybersecurity readiness for organizations in the financial services, healthcare and life sciences industries

TEANECK, N.J., Oct. 10, 2024 /PRNewswire/ -- Cognizant (NASDAQ: CTSH) and Palo Alto Networks are partnering to deliver AI-driven cybersecurity capabilities and services for enterprises across industries. The partnership combines Cognizant's longstanding track record of providing cybersecurity services with Palo Alto Networks industry-leading, AI-powered platforms to drive better security outcomes.

The agreement enables Cognizant to deepen its expertise and broaden its services across Palo Alto Networks Precision AI-powered Network Security Platform, Code-to-Cloud Platform and Security Operations Platform. Together, Cognizant and Palo Alto Networks aim to help clients consolidate security products across functions with the goal of reducing complexity, and improve overall levels of security through platformization.

In addition, Cognizant aims to further its comprehensive security solutions portfolio, bringing to market tailored, AI-led solutions that will allow clients to leverage centralized high-quality data to yield higher levels of attack protection and faster issue resolution. Additionally, Cognizant will continue to leverage Palo Alto Networks technology as part of its internal security infrastructure, strengthening the capabilities of Cognizant's global cyber defense program. 

"In the enterprise security space, AI presents an opportunity to augment human efforts and drive modernization to keep pace with evolving threats, which are also increasingly AI-driven," said Ravi Kumar S, CEO, Cognizant. "The combined capabilities of Cognizant and Palo Alto Networks will help our clients avail themselves of cutting-edge security technology, advisory and implementation and managed services geared towards amplification of security posture and risk mitigation in a rapidly changing threat landscape."

"With Palo Alto Networks Precision AI, we can unlock transformative outcomes in cybersecurity. And as the threat landscape evolves, platformization will be a crucial enabler for AI to deliver more powerful, effective insights. Our partnership with Cognizant, including their adoption of XSIAM, enables us to deliver these enhanced security solutions to our joint customers," said Nikesh Arora, Chairman and CEO, Palo Alto Networks.

Cognizant will initially feature four key managed platform offerings designed to mitigate cybersecurity risks, manage cyber events, foster cyber resilience, and enhance regulatory compliance, which fortify a cybersecurity posture. These offerings include:

• SecureNXT Access: Revolutionize zero trust network security with seamless, AI-Powered protection for perimeterless enterprises powered by Palo Alto Networks Prisma Access.
• SecureNXT Cloud: Accelerate secure, compliant multi-cloud and hybrid adoption and mitigate cloud hygiene risks, powered by Palo Alto Networks Prisma Cloud.
• SecureNXT EDR/MDR: Unleash the power of proactive digital workplace threat protection for next-generation hybrid enterprises powered by Palo Alto Networks Cortex XDR.
• SecureNXT SOC: Deploy cutting-edge vigilance and defense against cyber threats in real-time powered by Palo Alto Networks Cortex XSIAM.

In the life sciences industry, Cognizant delivers a broad range of IT and cybersecurity services, including through a longstanding partnership with Gilead Sciences, Inc.

"Cognizant has been a key service provider to Gilead for more than five years and has played a significant role in supporting Gilead's cyber risk mitigation efforts," said Krishnan Chellakarai, VP and CISO, Gilead Sciences. "We are excited by the potential of their strategic relationship with Palo Alto Networks and look forward to working with them to implement the Prisma Cloud product as part of our overall security stack." 

Cognizant's cybersecurity practice supports and enables clients by providing a comprehensive range of services. These services encompass digital identity management, threat detection and protection, governance, compliance, vulnerability management, and cloud security. Cognizant is committed to elevating its cyber services through a partner-led growth strategy, which involves developing solutions and offerings centered around partner products. This partnership is a testament to that commitment.

About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life. See how at www.cognizant.com or @cognizant.

For more information, contact:

U.S. Name Ben Gorelick Email benjamin.gorelick@cognizant.com

Europe / APAC Name Christina Schneider Email christina.schneider@cognizant.com

India Name Rashmi Vasisht Email rashmi.vasisht@cognizant.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/cognizant-partners-with-palo-alto-networks-to-deliver-ai-led-cybersecurity-services-and-strengthen-security-posture-of-global-enterprises-302272610.html

SOURCE Cognizant Technology Solutions

FAQ

What is the purpose of Cognizant's partnership with Palo Alto Networks?

The partnership aims to deliver AI-driven cybersecurity capabilities and services for enterprises across industries, helping clients consolidate security products, reduce complexity, and improve overall security through platformization.

What are the four new managed platform offerings introduced by Cognizant (CTSH)?

Cognizant has introduced SecureNXT Access, SecureNXT Cloud, SecureNXT EDR/MDR, and SecureNXT SOC as part of its new managed platform offerings to mitigate cybersecurity risks and enhance regulatory compliance.

How will the Cognizant-Palo Alto Networks partnership benefit clients?

The partnership aims to provide clients with centralized high-quality data for better attack protection and faster issue resolution, as well as tailored AI-led solutions to improve overall security posture and risk mitigation in a rapidly changing threat landscape.

Will Cognizant (CTSH) use Palo Alto Networks technology internally?

Yes, Cognizant will leverage Palo Alto Networks technology as part of its internal security infrastructure, strengthening the capabilities of Cognizant's global cyber defense program.