Palo Alto Networks has announced that it has successfully completed the acquisition of CyberArk, establishing Identity Security as a central pillar of its platformization strategy. The addition of CyberArk’s Identity Security Platform to its portfolio allows Palo Alto Networks to protect all identities in the enterprise: human, machine, as well as agentic.
Identity security has become a fundamental element to protect the modern company. As organizations scale their use of cloud, automation, and AI, identity has emerged as the leading avenue of attack, driven by the rapid growth of human, machine, and AI identities that continuously operate with privileged access. Today, machine identities outnumber human identities by more than 80 to 1, while 75% of organizations recognize that their human identities are governed by outdated and overly permissive privilege models. Attackers are increasingly exploiting weaknesses in identity management, making credential abuse and overprivilege the primary threat vectors. Nearly 90% of organizations have already experienced an identity-focused breach.
Protect human, machine and AI entities
The CyberArk acquisition responds to this shift by extending privilege security controls beyond a limited set of administrators, encompassing all identities in the enterprise. By democratizing privileged access between human, machine, and AI identities, organizations can reduce persistent privileges, limit lateral movement, and stop identity-based attacks more quickly. Companies that use identity-based security controls can speed the response to these breaches by up to 80% by preventing attackers from abusing excessive credentials and access.
CyberArk Identity Security solutions will continue to be available as a standalone platform. Additionally, integration is underway to bring CyberArk’s leading capabilities into the Palo Alto Networks security ecosystem. Existing customers will experience no disruption and will benefit from an accelerated roadmap focused on resilience, operational efficiency and improving safety outcomes.
According to Nikesh Arora, president and CEO of Palo Alto Networks: “The new wave of AI agents will require us to secure all identities: human, machine and agent. That’s why we acted decisively when we announced our intention to acquire CyberArk last July and I’m excited to see product integration begin. For our customers, this means the end of ‘identity silos’. They can now manage privileged access across their entire hybrid cloud environment from the same company they trust for Security. Network and Security Operations, ensuring its protection in the age of AI.”
Matt Cohen, CEO of CyberArk highlights that “joining forces with Palo Alto Networks creates the ultimate cyber guardian for the modern enterprise. It’s a win-win: our customers gain access to the world’s most comprehensive security portfolio and our employees are integrated into a global engine of innovation. Together, we are creating the most robust combination of proven technologies to stop identity-driven breaches.”
New contribution plans
Leveraging CyberArk’s heritage and Israel’s position as a global cybersecurity power, Palo Alto Networks announces its intention to seek a secondary listing on the Tel Aviv Stock Exchange (TASE). As part of this historic step, the company plans to adopt the “CYBR” symbol on the TASE, paying tribute to the brand that CyberArk built and ensuring its identity remains a pillar of the global strategy.
By democratizing privileged access between human, machine, and AI identities, organizations stop identity-based attacks sooner
Palo Alto Networks will continue to be listed and traded under the symbol “PANW” on the NASDAQ Global Select Market. This listing would position Palo Alto Networks as the largest listed company on the TASE by market capitalization. This commitment further strengthens the company’s R&D center in Israel, already the largest outside of Silicon Valley, as a global innovation center dedicated to future-proofing the AI era.
Under the terms of the agreement, CyberArk shareholders are entitled to receive $45.00 in cash and 2.2005 shares of Palo Alto Networks common stock for each share of CyberArk common stock.
