Palo Alto Networks, Cybersecurity Giant Valued at $66 Billion, Enters the Uzbek Market

Palo Alto Networks, a global juggernaut in the cybersecurity sector, recently announced its launch in the Uzbek market. The announcement, made during a conference on information security on May 30th in Tashkent, Uzbekistan, signals the tech giant’s growing interest in Central Asian markets.

The conference, jointly hosted by Green Light ITS and MUK Group, marked the official entry of Palo Alto Networks, a company with an impressive market capitalization of $66.44 billion. The event was highlighted by presentations from the company’s experts who shared innovative approaches to information security and presented real cases of successful digital transformations.

Palo Alto Networks has earned a stellar reputation as a leading provider of cybersecurity solutions. According to a 2022 report by Gartner, the company has been a leader in Gartner’s Magic Quadrant for firewalls for an unbroken streak of 11 consecutive years. With its expansion into the Uzbek market, Palo Alto Networks aims to extend its global reach and industry-leading expertise to this high-potential region.

Kurshad Demirsay, the Country Manager for Palo Alto Networks, expressed his gratitude to the conference’s participants and organizers. He underscored the importance of such events for the growth and development of cybersecurity in the region, emphasizing the untapped potential of the Uzbek market.

“Our entry into Uzbekistan’s market is a testament to the country’s growth potential in the area of cybersecurity,” said Demirsay. “These sorts of events are critical to fostering a robust cybersecurity infrastructure in the region, and we’re excited to be a part of this journey.”

Daniyar Niyazov, Director of Green Light ITS, lauded the event as a significant milestone in the Uzbek IT market. “Now local specialists have access to the technologies of the global leader. As an authorized partner of Palo Alto Networks, with our own certified engineers, we can provide vendor solutions for pilot tests and implement projects of any complexity,” Niyazov said.

The Palo Alto Networks Security Day conference was the first partner event held in Uzbekistan. However, it certainly won’t be the last, as the company announced plans to hold a series of educational events for engineers, signalling its commitment to nurturing local talent and building a strong cybersecurity framework in the country.

Published On: June 7, 2023Views: 87