Palo Alto to buy Chronosphere for $3.35 billion

Core Viewpoint - Palo Alto Networks announced the acquisition of Chronosphere, a cloud management and monitoring company, for $3.35 billion [1] Company Summary - The acquisition aims to enhance Palo Alto's capabilities in cloud management and monitoring, indicating a strategic move to strengthen its position in the cloud services market [1] Industry Summary - This acquisition reflects the growing trend in the technology sector where companies are increasingly investing in cloud management solutions to meet rising demand for cloud services [1]