Palo Alto Networks Acquires CyberArk for $25B, Enters Identity Security Market

Palo Alto Networks announced its acquisition of CyberArk for nearly $25B in a cash-and-stock deal expected to close in FY2026 Q2, aiming to extend its cybersecurity capabilities into identity security by integrating CyberArk’s PAM and identity platform with Palo Alto’s Strata and Cortex offerings to deliver real-time, least-privilege, JIT access—especially for AI agents; the move aligns with broader industry consolidation alongside recent large deals such as Google-Wiz and Cisco-Splunk.