Goodwin Advises Embrace on Acquisition by Palo Alto Networks

Professionals

William E. Growney, Jr.Daniel SaposnikPeter MoormanEmma JonesMarcos RomeroGabriel ChoiDavid OrnerFrancisco “Cisco” Palao-RickettsBradley StewartJames OhDasol LeeJia Jia HuangIzzy GreenblattAthena KontosakouSimone WaterburyAnuj GhaiEram KhanArom YunOra GrinbergGarrett GaughanEdward HolzwangerAlex FisherJennifer WilsonAlex NicolaidisOmer TeneJustin C. PierceJustin ShieldsJacquelyn BurkeJessica M. GillJ. Scott ZiloraKaren Martinez

View PDF

Goodwin advised Embrace on its acquisition by Palo Alto Networks® (NASDAQ: PANW), which closed in August 2026. Palo Alto Networks acquired Embrace to add Embrace's high-fidelity Real User Monitoring (RUM) capabilities to the Palo Alto Networks Observability platform, extending it to Digital Experience Monitoring.

Embrace is a leading provider of user-focused observability, giving engineering teams real user monitoring for mobile and web apps built on OpenTelemetry. Companies including Zynga, Cameo, GOAT, and Ocado rely on Embrace to understand what their users actually experience.

The Goodwin team was led by Bill Growney, Daniel Saposnik, and Peter Moorman, and included Emma Jones, Marcos Romero, Gabriel Choi, and David Orner (Corporate M&A); Cisco Palao-Ricketts, Brad Stewart, James Oh, and Dasol Lee (Executive Compensation & Benefits); Jia Jia Huang and Izzy Greenblatt (Intellectual Property & Technology); Athena Kontosakou, Simone Waterbury, Anuj Ghai, Eram Khan, and Arom Yun (Antitrust and Competition); Ora Grinberg and Garrett Gaughan (Tax); Edward Holzwanger, Alex Fisher, Jennifer Wilson, and Alex Nicolaidis (Employment); Omer Tene (Privacy); Justin Pierce and Justin Shields (Global Trade); Jacquelyn Burke (Risk Management & Insurance); and Jessica Gill (Debt Finance); with invaluable assistance from Scott Zilora, Kees van der Kooij, Allison Goldsher, Joe LaFauci, and Karen Martinez.

For more information on the deal, please read the press release.

Goodwin Advises Embrace on Acquisition by Palo Alto Networks

Related Content

FDIC Proposes Regulations to Provide Parity With National Banks

Goodwin Public Company Advisory Practice Launches Off-the-Shelf

Agencies Propose Revisions to Third-Party Risk Management Guidance

SEC Issues Proposal to Update Regulation of Transfer Agents

FDIC and OCC Issue Final Rule Defining “Unsafe or Unsound Practice” and Establishing Standards for Issuing Matters Requiring Attention

When the Safe Harbor Is Not Safe: Court of Chancery Weighs in on Amended Section 144 in Dodiya v. Franklin

SEC to Cease Responding to No-Action Requests on Rule 14a-8 Shareholder Proposal Exclusions

Treasury Proposes Rules Regarding the Issuance, Offering, and Sale of Payment Stablecoins

Goodwin Advises Antin Infrastructure Partners on Acquisition of HP Helicopters

The Legal 500 UK 2027 Highlights the Strength of Goodwin’s UK Platform

Goodwin Honors Partners Retiring at the Close of Fiscal Year 2026

Goodwin Advises Softcat on $1.05 Billion Acquisition of GDT

Goodwin Advises Console on Acquisition by Palo Alto Networks to Advance Agentic Capabilities

Goodwin Advises Marea Therapeutics on Acquisition by Lisata Therapeutics and $225 Million Concurrent Private Placement

Four Goodwin Partners Named to Forbes’ 2026 Top 250 Lawyers in America List

Goodwin Strengthens Life Sciences and Public M&A Platform With Partner Ro Park

Technology

Mergers & Acquisitions

ERISA & Executive Compensation

Intellectual Property

Antitrust & Competition

Tax

Employment

Data, Privacy & Cybersecurity

Global Trade

Risk Management & Insurance

Debt Finance