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Palo Alto Networks acquires Israeli CyberArk in $25 billion deal
US cybersecurity giant, founded by Israeli national Nir Zuk, inks massive cash and stock deal—the second-largest Israeli cyber exit after WIZ’s sale to Google
CyberArk had planned to report $1.3 billion in revenue and $225 million in operating profit this year, making the deal attractive to Palo Alto, whose own growth has slowed to about 15% annually. Although Palo Alto is an American company led by CEO Nikesh Arora, it was founded by Israeli entrepreneur Nir Zuk and operates a major R&D center in Israel with over 1,000 employees. One person who could have benefited greatly from this acquisition is Erel Margalit, founder of venture capital fund JVP and a former Labor Party Knesset member.
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