Press release
Palo Alto Networks Announces Agreement to Acquire CyberArk, the Identity Security Leader
Will Create the End-to-End Security Platform for the AI Era NEWS SUMMARY: Will accelerate Palo Alto Networks' platform strategy by establishing Identity
About this update from Palo Alto Networks, Inc.
[{"type":"text","content":"Will Create the End-to-End Security Platform for the AI Era\nNEWS SUMMARY: \nWill accelerate Palo Alto Networks' platform strategy by establishing Identity Security as a new core platform.CyberArk extends Identity Security to all users by advancing the vision that every identity, human, machine and AI requires deep security for access across the modern enterprise.Will deliver Identity Security for agentic AI to secure the new wave of autonomous AI agents by providing foundational controls for this emerging class of privileged identities.Will provide customers with the optimal combination of best of breed technology and integrated platforms to deliver near real-time security outcomes.SANTA CLARA, Calif. and NEWTON, Mass., July 30, 2025 /PRNewswire/ -- Palo Alto Networks® (NASDAQ: PANW), the global cybersecurity leader, and CyberArk (NASDAQ: CYBR), the global leader in Identity Security, today announced that they have entered into a definitive agreement under which Palo Alto Networks will acquire CyberArk. Under the terms of the agreement, CyberArk shareholders will receive $45.00 in cash and 2.2005 shares of Palo Alto Networks common stock for each CyberArk share. This represents an equity value of approximately $25 billion for CyberArk and a 26% premium to the unaffected 10-day average of the daily VWAPs of CyberArk as of Friday, July 25, 20251.\nThis strategic combination will mark Palo Alto Networks' formal entry into Identity Security, establishing it as a core pillar of the company's multi-platform strategy. Combining CyberArk's long-standing leadership in Identity Security and Privileged Access Management (PAM) with Palo Alto Networks' comprehensive AI-powered security platforms will extend privileged identity protection to all identity types including human, machine, and the new wave of autonomous AI agents. CyberArk is already establishing itself as an Identity Security platform, and Palo Alto Networks will help accelerate this journey towards platformization to drive better combined security outcomes for customers.\nNikesh Arora, Chairman and CEO of Palo Alto Networks, said: \"Our market entry strategy has always been to enter categories at their inflection point, and we believe that moment for Identity Security is now. This strategy has guided our evolution from a next-gen firewall company into a multi-platform cybersec...