Palo Alto Networks completes Console acquisition for Cortex agentic AI

Palo Alto Networks announced on September 1, 2026 that it acquired Console, an AI-native platform that uses agents to automate IT and security workflows, and will fold it into Cortex. The company did not disclose terms. TechCrunch, citing people with knowledge of the deal, reported about $500 million in cash and stock, and the annual report says a definitive agreement was signed July 29, 2026 for $500 million in cash, subject to adjustments.

• Announced September 1, 2026 alongside fiscal Q4 results
• Price not disclosed by the company; TechCrunch sources report about $500 million in cash and stock
• Annual report lists a definitive agreement dated July 29, 2026 for $500 million in cash, subject to adjustments
• Console will add agentic capabilities to Cortex