Morrison Foerster, CMS INDUSLAW and Lowenstein Sandler advised on Palo Alto Networks’ acquisition of Portkey.

Palo Alto Networks (NASDAQ: PANW), a global cybersecurity leader, has agreed to acquire Portkey, Inc., a pioneer in AI Gateway technology. Following the acquisition, Portkey’s technology will serve as the AI Gateway for Palo Alto Networks’ Prisma AIRS™ platform, strengthening its capabilities to secure, manage and govern autonomous AI agents while accelerating the development of AI-driven security solutions.

Portkey enables enterprises to securely deploy, manage and govern AI applications through its AI Gateway platform, providing a centralized control plane for AI applications and processing trillions of AI tokens each month with low-latency infrastructure designed for agent-to-agent communication.

Morrison Foerster advised Palo Alto Networks on the acquisition.

The global MoFo team advising Palo Alto Networks was led by M&A partners Lauren Bellerjeau and Chere See. The team also included corporate associates Hannah Kim, Brayan Orozco Arreola and Ryan Gopar Ramirez; technology transactions partner Tessa Schwartz and associates Sophie Zander, Kevin Kallet and Eric Ahern; executive compensation + benefits partners Joshua Lerner and Yuan Xia and associate Sarah Doberneck; employment + labor partner Michael Schulman and associates Melissa Harclerode and Marcus Grimes; tax partner Dave Sturgeon and associate Seth Stowe; data, cyber + privacy partner Julie O’Neill and associate Joshua Fattal; antitrust partners Kerry Jones and Marie-Claire Strawbridge and associates Aaron Scheinman and Maria Requejo; export controls partner James Brower and associate Mason Gauch; and government contracts partner Locke Bell; and anti-corruption partner Ruti Smithline and associate Eduardo Schneider.

CMS INDUSLAW advised Portkey on its acquisition by Palo Alto Networks.

The CMS INDUSLAW Corporate team comprised Partner Saurav Kumar, Senior Associate Ayusha Choudhury, and Associates Aryan Dhingra and Vartika Jain, with Founding and Senior Partner Gaurav Dani providing strategic inputs and overall guidance. The Tax team comprised Partner Lokesh Shah, Counsel Gaurav Goyal, and Associate Namrata Rawat. The Intellectual Property team comprised Partner Bharadwaj Jaishankar and Senior Associate Trushita Mehra.

Lowenstein Sandler also advised Portkey on the transaction.

The Lowenstein Sandler team included Josh Cook, Meredith Beuchaw, Kevin Colan, Mark P. Kesslen, Megan Monson, Adam Dickson, Christopher W. Raymond, Chloe Rippe, Zachary Bocian and Jake Ironfield.