Palo Alto Networks, a global cybersecurity leader, has announced a definitive agreement to acquire CyberArk, a pioneer in Identity Security, in a transaction valued at approximately $25 billion. Under the deal, CyberArk shareholders will receive $45.00 in cash and 2.2005 shares of Palo Alto Networks common stock for each share they own, representing a 26% premium over CyberArk’s recent average share value. This acquisition marks Palo Alto Networks’ strategic entry into the Identity Security market, reinforcing its multi-platform approach and addressing the rising need to protect human, machine, and autonomous AI agent identities. The integration of CyberArk’s robust Identity Security and Privileged Access Management (PAM) capabilities with Palo Alto’s AI-powered platforms, including Strata™ and Cortex®, is expected to deliver real-time, identity-aware security and simplify enterprise operations.
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Nikesh Arora, Chairman and CEO of Palo Alto Networks, stated: “Our market entry strategy has always been to enter categories at their inflection point, and we believe that moment for Identity Security is now… Together, we will define the next chapter of cybersecurity.” Udi Mokady, Founder and Executive Chairman of CyberArk, added: “Joining forces with Palo Alto Networks is a powerful next chapter… Together, we’ll bring unmatched expertise across human and machine identities, privileged access, and AI-driven innovation to secure what’s next.” The deal aims to disrupt the legacy IAM market by embedding strong privilege controls across all identity types, ensuring just-in-time access, and enhancing oversight for autonomous AI systems. Once completed, the merger will combine the strengths, cultures, and expertise of both companies, creating a unified cybersecurity powerhouse positioned to secure the evolving digital landscape while enabling customers to adopt AI with confidence.