Cyber security giant Palo Alto Netws on Wednesday announced with the intention of receiving identification management and security company Cyberk for $ 25 billion. According to a company press release, it marks a mixture of deal, cash and stock, the entrance of Palo Alto in the identity safety place.
Palo Alto has been in a purchase competition since Nikesh Arora took over as CEO and Chairman of the company in 2018, According to Financial TimesWhich estimated that the company spent more than $ 7 billion on the acquisition since the Arora started. Cyberk’s acquisition of the company is the largest till date.
Some other acquisitions of Palo Alto include: Excavation securityFor the estimated $ 400 million in October 2023; Palon cyber security For the estimated $ 625 million in November 2023; And Bridgraive For $ 156 million in February 2021, among others.
It is one of the largest cyber security deals in 2025 so far. The biggest deal was Acquisition of Google Wiz For $ 32 billion in March.
The Palo Alto Network did not immediately comment.
