Palo Alto Networks closing on over $20B acquisition of CyberArk
9 months ago
- #Identity Management
- #Cybersecurity
- #Mergers & Acquisitions
- Palo Alto Networks is in advanced negotiations to acquire CyberArk for over $20 billion.
- CyberArk's stock surged by 13% post-announcement, while Palo Alto's stock declined by 3%.
- This would be the largest cybersecurity acquisition since Google's $32 billion purchase of Wiz.
- Palo Alto had previously considered acquiring SentinelOne, but those talks are likely to end.
- CyberArk has been active in acquisitions, including Venafi ($1.5B) and Zilla ($165M), driving its revenue past $1B in 2024.
- The deal may be announced later this week, marking Palo Alto's largest acquisition to date.
- Palo Alto aims to enter the identity management market, which has gained urgency due to AI and high-profile breaches.
- CyberArk's main competitor, Okta, has declined, strengthening CyberArk's market position.