Cybersecurity giant Palo Alto Network announced Wednesday that it aims to acquire identity management and security company CyberArc for $25 billion. The transaction, which is a mixed cash and stock, marks an entrance into Palo Alto's identity security space, according to a company's press release.
According to the Financial Times, Palo Alto has been shopping ever since Nikesh Arora took over as CEO and chairman of the company in 2018. The company's acquisition of Cyberark is the largest ever.
Other acquisitions of Palo Alto include an estimated $400 million Dig Security in October 2023. Talon Cyber Security was estimated at $625 million in November 2023. BridgeCrew for $156 million in February 2021.
This was one of the biggest cybersecurity transactions to date in 2025. The biggest deal was Google's acquisition of WIZ for $32 billion in March.
The Palo Alto Network did not immediately comment.