Close the acquisition of IBM's QRadar SaaS assets, including QRadar intellectual property rights
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 16 May 2024
- Due
- 30 Sep 2024
- Delivered
- 31 Aug 2024
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The transaction portion of this announcement is expected to close by the end of September 2024”
What we found
Evidence strength A What the grades mean
The company completed the IBM QRadar asset acquisition on August 31, 2024, before the end of September 2024 deadline.
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A Palo Alto Networks Inc 10-Q filed 2024-11-21
“On August 31, 2024, we completed the acquisition of certain IBM QRadar assets, including certain intellectual property rights, customer relationships, and software as a service customer contracts.” ✓ confirmed on the page
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A Palo Alto Networks Inc 10-Q filed 2024-11-21
“in August 2024, we completed the acquisition of certain QRadar assets from International Business Machines Corporation (“IBM”)” ✓ confirmed on the page
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A Palo Alto Networks Inc 10-K filed 2025-08-29
“On August 31, 2024, we completed the acquisition of certain IBM QRadar assets, including certain intellectual property rights, customer relationships, and software as a service customer contracts.” ✓ confirmed on the page
Market reaction: the shares moved -2.9% against the S&P 500 over the three sessions around the disclosure (20 Nov 2024 to 25 Nov 2024). What this measures
Checked 10 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- Acquisition of IBM's QRadar SaaS assets
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- Medium
- Conditional
- Yes: subject to regulatory approvals; other customary closing conditions
- Depends on
- Regulatory, Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Claude (Anthropic), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Gemini (Google), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2024-PANW-005796 · Corrections policy