Side-by-side comparison of AI visibility scores, market position, and capabilities
$1B revenue 2023; 40,000 customers; $4.35B total funding; owned by Clearlake Capital 2017; acquired Cherwell 2021; IT security, ITSM, ITAM, UEM solutions; unified IT & security operations leader
Ivanti is an enterprise IT management software company headquartered in South Jordan, Utah, formed through the consolidation of LANDESK (founded 1985), Heat Software, Shavlik, AppSense, and Cherwell Software under the Ivanti brand starting in 2017. The company was built on the premise that enterprise IT and security teams need a unified platform to manage, secure, and support the devices, applications, and users spread across hybrid and remote work environments. Ivanti's mission is to help organizations achieve Everywhere Work — enabling IT and security professionals to manage and secure endpoints, automate IT service delivery, and govern access for users working from any location and device.\n\nIvanti's product portfolio spans Unified Endpoint Management (UEM) for device lifecycle management across Windows, macOS, iOS, Android, and ChromeOS; IT Service Management (ITSM) and IT Asset Management (ITAM) through the Ivanti Neurons platform (built on the Cherwell acquisition); zero trust network access through Ivanti Neurons for ZTA; and IT security capabilities including vulnerability management and patch management. The Ivanti Neurons platform provides an AI-powered intelligence layer across these products, enabling predictive self-healing capabilities and automated remediation that reduce the workload on IT operations teams. Ivanti serves approximately 40,000 enterprise and government customers globally.\n\nIvanti reported approximately $1 billion in revenue for 2023 and has raised $4.35 billion in total funding, reflecting the scale of its consolidation-driven growth strategy. The 2021 acquisition of Cherwell Software for an estimated $1.45 billion was the most significant, bringing a modern, low-code ITSM platform that competes with ServiceNow in mid-market enterprise accounts. Despite navigating significant cybersecurity vulnerability disclosures in 2024, Ivanti's broad product footprint and large installed base across UEM, ITSM, and security make it a major platform vendor in the enterprise IT management and security space.
Santa Clara cybersecurity platform (NASDAQ: PANW) $8.0B FY2024 revenue (+16%); platformization 3,600+ customers, Cortex XSIAM AI SOC, $4.2B NGSSAR +42%, competing with CrowdStrike and Microsoft Defender.
Palo Alto Networks, Inc. is a Santa Clara, California-based cybersecurity platform company — publicly traded on the NASDAQ (NASDAQ: PANW) as an S&P 500 Information Technology component — providing network security, cloud security, and AI-driven security operations through three integrated security platforms: Strata (network security — next-generation firewalls, SD-WAN, Zero Trust Network Access), Prisma Cloud (cloud security posture management, cloud workload protection, CSPM/CWPP), and Cortex (AI-driven security operations — XSIAM extended security intelligence and automation management, XDR endpoint detection and response, XSOAR security orchestration) through approximately 15,000 employees worldwide. In fiscal year 2024 (ending July 2024), Palo Alto Networks reported revenues of $8.0 billion (+16% year-over-year), with next-generation security Annual Recurring Revenue (ARR — Prisma Cloud and Cortex subscriptions) growing 42% to $4.2 billion as large enterprise and government customers consolidated security toolsets onto Palo Alto Networks' platform versus maintaining dozens of point solution security vendors. CEO Nikesh Arora (joined 2018 from SoftBank as Chairman and CEO) has executed the "platformization" strategy — convincing large enterprise security buyers to replace 10-15 individual security vendors (email security, endpoint protection, cloud workload protection, network detection) with a consolidated Palo Alto Networks platform contract that provides 80% of point-solution capabilities at 50% of the total cost — using the first-year transition economics to accelerate platform adoption through deferred commitment offers (paying a lower platform price in year 1 in exchange for multi-year platform commitment in years 2-4).
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