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. The company’s acquisition of CyberArk is the largest to date.
Some of Palo Alto’s other acquisitions include: Dig Security, for an estimated $400 million in October 2023; Talon Cyber Security for an estimated $625 million in November 2023; and Bridgecrew for $156 million in February 2021, among others.
This is one of the largest cybersecurity deals thus far in 2025. The largest deal was Google’s acquisition of Wiz in March for $32 billion.
Palo Alto Networks did not immediately comment.
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more like this article, you can visit our Technology category.
