CyberArk snaps up Venafi for $1.54B to ramp up in machine-to-machine security

CyberArk announced plans to acquire Venafi, a machine identity and PKI/certificate management specialist, for $1.54 billion ($1B cash, ~$540M stock), with closing expected in H2 2024; Venafi is majority-owned by Thoma Bravo and was valued at $1.15B in 2020. The deal aims to expand CyberArk’s machine identity capabilities and total addressable market, underscoring broader consolidation in cybersecurity amid shifting valuations and recent acquisitions by firms like Akamai and attempted deals by Wiz.