Overview

• CyberArk will pay $1 billion in cash and $540 million in stock for Venafi.
• The acquisition is expected to close in the second half of 2024, pending approvals.
• Venafi's technology focuses on securing machine identities within enterprise networks.
• The deal will expand CyberArk's market by $10 billion, addressing both human and machine identity security.
• CyberArk anticipates an additional $150 million in annual revenue from the acquisition.