CyberArk to Acquire Venafi, Expand Machine Identity Security Capabilities
CYBRCyberArk Software(CYBR) pymnts.com·2024-05-20 23:43

CyberArk plans to acquire Venafi from Thoma Bravo for an enterprise value of about $1.54 billion, saying it aims to create a unified platform for machine identity security at scale. The acquisition will add Venafi’s machine identity management solutions to CyberArk’s identity security capabilities, the companies said in a Monday (May 20) press release. Subject to regulatory approvals and other customary closing conditions, the transaction is expected to close in the second half, according to the release. “O ...