Kirkland & Ellis advised global cybersecurity company Palo Alto Networks (NASDAQ: PANW) on a broad-reaching partnership with IBM (NYSE: IBM) that will deliver AI-powered security outcomes to customers. As part of this expanded partnership, Palo Alto Networks has agreed to acquire IBM’s QRadar Software as a Service (SaaS) business, and the two companies will partner to offer seamless migration for QRadar customers to Palo Alto’s Cortex XSIAM.

The Kirkland team was led by corporate partners Maggie Flores, Jaye Kasper and Sarkis Jebejian; technology & IP transactions partners Neil Hirshman, Aaron Lorber, Matt Darch, Todd Herst, Kevin Jacobsen and Adam Petravicius; and tax partners Sara Zablotney and Heidi Yuen.