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Palo Alto Networks agrees to buy CyberArk for $25B
The cybersecurity giant is getting into identity security with its acquisition of CyberArk, which is one of the biggest cybersecurity deals of the year so far.
Cybersecurity giant Palo Alto Networks announced on Wednesday its intent to acquire identity management and security company CyberArk for $25 billion. The deal, a mix of cash and stock, marks Palo Alto’s entrance into the identity security space, according to a company press release. Palo Alto has been on a shopping spree since Nikesh Arora took over as CEO and chairman of the company in 2018, according to the Financial Times, which estimated the company has spent more than $7 billion on acquisitions since Arora started.
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