CyberArk Acquires Venafi for $1.54 Billion to Enhance Machine Identity Security

The deal, combining cash and stock, aims to bolster CyberArk's capabilities against sophisticated cyber threats.

CyberArk will pay $1 billion in cash and $540 million in stock for Venafi.
The acquisition is expected to close in the second half of 2024, pending approvals.
Venafi's technology focuses on securing machine identities within enterprise networks.
The deal will expand CyberArk's market by $10 billion, addressing both human and machine identity security.
CyberArk anticipates an additional $150 million in annual revenue from the acquisition.