CyberArk Inks Definitive Deal To Acquire Venafi From Thoma Bravo For An Enterprise Value Of $1.54B
Portfolio Pulse from Benzinga Newsdesk
CyberArk has signed a definitive agreement to acquire Venafi from Thoma Bravo for an enterprise value of $1.54 billion. The acquisition will combine Venafi's machine identity management capabilities with CyberArk's identity security capabilities to create a unified platform for end-to-end machine identity security at enterprise scale. The deal will be financed with approximately $1 billion in cash and $540 million in CyberArk shares.
May 20, 2024 | 11:02 am
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CyberArk is acquiring Venafi for $1.54 billion, combining their identity security capabilities with Venafi's machine identity management to create a comprehensive security platform.
The acquisition is significant for CyberArk as it enhances its product offerings by integrating Venafi's machine identity management capabilities. This strategic move is likely to strengthen CyberArk's market position in the identity security space, potentially driving up its stock price in the short term.
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