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cm0002@lemmy.world to cybersecurity@infosec.pub · 22 days ago

Palo Alto to scoop up CyberArk for $25 billion to tackle AI-era threats

finance.yahoo.com

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Palo Alto to scoop up CyberArk for $25 billion to tackle AI-era threats

finance.yahoo.com

cm0002@lemmy.world to cybersecurity@infosec.pub · 22 days ago
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Palo Alto's $25 billion deal for CyberArk targets rising AI-driven threats
finance.yahoo.com
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(Reuters) -Palo Alto Networks will buy Israeli peer CyberArk Software for about $25 billion, in its biggest deal yet, as CEO Nikesh Arora seeks to build a comprehensive cybersecurity provider to tap into rising AI-driven demand. Wednesday's cash-and-stock deal, one of the largest tech takeovers this year, underscores a consolidation in the cybersecurity industry as customers streamline vendors after facing breaches while relying on a patchwork of firms. It follows Alphabet's $32 billion acquisition of Israeli startup Wiz in March, and will broaden Palo Alto's cybersecurity offerings by adding identity security tools, bolstering its appeal to large enterprise customers.
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