CyberArk Picks Up Machine Identity Manager Venafi for $1.54B

CyberArk announced it will acquire Venafi from Thoma Bravo for over $1.5 billion, aiming to expand into end-to-end machine identity security and address the enterprise IoT attack surface. The companies highlight that machine identities are a major driver of identity growth and risk, positioning CyberArk as a leader across machine identity credential types and environments. The deal is expected to close by the end of 2024.