NTT DATA and Palo Alto Networks form $1B cybersecurity alliance

NTT DATA and Palo Alto Networks have formed a strategic alliance to enhance AI cybersecurity, aiming for $1B in joint business by 2029. The partnership combines Palo Alto's AI-driven solutions with NTT DATA's services, focusing on six key areas like autonomous SOC and AI governance. The companies plan to leverage joint investments and a team of 2,000 experts to streamline deployments and improve security measures.

NTT DATA and Palo Alto Networks announced a 3-year strategic alliance targeting $1B in joint business by 2029. The partnership combines Palo Alto's AI-powered cybersecurity platforms with NTT DATA's services to help clients securely adopt AI and modernize cybersecurity. The alliance will focus on six key areas, including autonomous security operations, AI governance, and identity security, leveraging over 2,000 certified experts and joint engineering efforts.

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Tenable (TENB), a cybersecurity firm, has seen its stock rise 40% in 2026 due to increasing demand for its exposure management services. The company's market cap is $3.6B, significantly lower than peers like CrowdStrike and Palo Alto Networks. Tenable's Q2 revenue was $268.5M, up 8.6% YoY, with improved profitability. Its P/S ratio of 3.7 is much lower than its peers, suggesting potential upside.

Palo Alto Networks and NTT DATA announced a $1 billion joint business target by 2029, combining Palo Alto's security platforms with NTT DATA's consulting services to help clients manage AI security risks. The alliance focuses on assessing cyber risk, deploying AI securely, and managing controls. Palo Alto Networks expects $11.4 billion in revenue for its 2026 fiscal year. NTT DATA was a top-tier partner for CyberArk, now rebranded as Idira by Palo Alto Networks.

Palo Alto Networks and NTT Data aim to generate $1B in joint AI security sales by 2029. They will combine Palo Alto's AI cybersecurity platforms with NTT Data's services to offer integrated security solutions. This marks Palo Alto's first strategic alliance with a global systems integrator.