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Palo Alto Networks closing on over $20B acquisition of CyberArk
Landmark cybersecurity deal would mark Palo Alto’s boldest move yet and reshape the identity security market.
The cybersecurity market is heating up: According to a Wall Street Journal report published Tuesday, Palo Alto Networks is in advanced negotiations to acquire Israeli company CyberArk for more than $20 billion. It would be the largest acquisition ever by Palo Alto Networks, which has previously acquired more than ten companies, mostly smaller, privately held firms. While Palo Alto has built a “supermarket” of cybersecurity solutions, it has largely avoided identity management, a sector once considered mature.
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