Palo Alto Networks, founded in 2005, is a leader in enterprise network firewalls, achieving $178.2 million in revenue in Q4 FY14 and recognized in the Magic Quadrant for three consecutive years. The company emphasizes the inadequacy of traditional firewalls in managing today's encrypted and complex applications, advocating for next-generation firewalls that offer comprehensive application visibility, user identification, and advanced threat prevention. Their platform approach integrates network and endpoint security, providing real-time analysis and threat intelligence to preemptively tackle sophisticated cyber threats.