US EditionPalo Alto Networks buying CyberArk in cash-and-stock deal valued at about $25 billion
- As of Tuesday evening, Palo Alto Networks is reportedly engaged in detailed negotiations to acquire the Israeli identity management firm CyberArk in a deal valued at over $20 billion.
- The deal emerges amid a broader cybersecurity consolidation wave, with recent large acquisitions by Google and Cisco prompting market interest.
- CyberArk's stock surged about 15% to a record high while Palo Alto's shares dipped over 3% following news of the potential acquisition.
- CyberArk, founded in 1999, specializes in securing employee access to applications and generated $11.5 million net income in Q1 on $318 million revenue.
- If completed, the acquisition would expand Palo Alto's identity management presence, marking its largest deal and following CEO Arora's recent buying spree.
Insights by Ground AI
Does this summary seem wrong?
57 Articles
57 Articles
Cleveland Jewish NewsReposted by 
WIN
WINPalo Alto Networks acquires Israeli firm CyberArk for $25 billion
The information security company will register the second largest exit for an Israeli startup after Wiz was sold to Google for $32 billion earlier this year.The post Palo Alto Networks acquires Israeli firm CyberArk for $25 billion appeared first on…
Coverage Details
Total News Sources57
Leaning Left7Leaning Right5Center9Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 33%
C 43%
R 24%
Factuality
To view factuality data please Upgrade to Premium
