Cybersecurity giant Palo Alto Networks announced Wednesday that it plans to acquire identity management and security company CyberArk for $25 billion. According to a press release from Palo Alto Networks, the transaction will be carried out in a cash and stock manner, marking Palo Alto's official entry into the identity security field.
According to the Financial Times, the company has been on an acquisition spree since Nikesh Arora took over as CEO and chairman of the Palo Alto company in 2018. The company is estimated to have spent more than $7 billion on acquisitions since Arora took over. The acquisition is the company's largest to date.
Palo Alto's other acquisitions include: Dig Security in October 2023, valued at $400 million; Talon Cyber Security in November 2023, valued at $625 million; Bridgecrew acquired in February 2021, valued at $156 million, etc.
This is one of the largest cybersecurity deals of 2025 so far. The biggest deal was Google's $32 billion acquisition of Wiz in March.
Palo Alto Networks has not yet commented.