Palo Alto Networks in talks to acquire CyberArk for over $20bn

Palo Alto Networks is reportedly working to acquire CyberArk Software in a deal valued at over $20 billion, according to the Wall Street Journal. If completed, it would mark the largest purchase in the company’s history.

The transaction could be finalized as early as this week, sources say. The acquisition aligns with Palo Alto Networks’ strategy to expand in the face of AI-driven cybersecurity challenges.

CyberArk’s advanced capabilities in privileged access management and identity protection would enhance Palo Alto Networks’ existing portfolio.

This development follows Palo Alto Networks’ acquisition of Protect AI, reinforcing its Prisma AIRS platform to deliver AI security across industries.