Palo Alto Networks, a cybersecurity behemoth, disclosed its intention to acquire CyberArk, an identity management and security company, for $25 billion.
According to a press release from the company, the transaction, which involves a combination of cash and stock, signifies Palo Alto’s entry into the identity security sector.

According to the Financial Times, Palo Alto has been on a purchasing frenzy since Nikesh Arora assumed the role of CEO and chairman in 2018.
The newspaper estimated that the company has spent over $7 billion on acquisitions since Arora’s arrival. The acquisition of CyberArk by the company is the most significant to date.

Among others, Palo Alto has acquired Dig Security for an estimated $400 million in October 2023, Talon Cyber Security for an estimated $625 million in November 2023, and Bridgecrew for $156 million in February 2021.
One of the most significant cybersecurity transactions of 2025 thus far. In March, Google acquired Wiz for $32 billion, which was the largest transaction.