💨 Abstract

Palo Alto Networks is acquiring CyberArk for around $25 billion in a cash-and-stock deal. CyberArk specializes in software for detecting attacks on privileged accounts. Palo Alto Networks aims to expand into the identity security market with this acquisition. CyberArk's second-quarter revenue grew by 46%, and adjusted profit exceeded analyst estimates. Both companies' boards have approved the deal, pending shareholder approval from CyberArk.

Courtesy: WTOP Staff