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…
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