Palo Alto Networks buying CyberArk in cash-and-stock deal valued at about $25 billion
CyberArk, which is based in Petach-Tikva, Israel, develops software that detects attacks on privileged accounts.
CyberArk shareholders will receive $45 in cash and 2.2005 shares of Palo Alto Networks common stock for each share of CyberArk that they own.
Palo Alto Networks Inc. said Wednesday that the transaction will give it access to the identity security market.
'Our market entry strategy has always been to enter categories at their inflection point, and we believe that moment for identity security is now," Palo Alto Networks Chairman and CEO Nikesh Arora said in a statement. 'This strategy has guided our evolution from a next-gen firewall company into a multi-platform cybersecurity leader.'
Wedbush analyst Dan Ives called the acquisition a 'strategic home run,' saying in a note to clients that Palo Alto Networks is looking 'to build an all-in-one shop for all cyber solutions to battle the rising threats from AI while injecting this technology into its broader portfolio.'
Separately CyberArk reported financial results, including revenue growth of 46% in the second quarter. Adjusted profit of 88 cents per share beat the average analyst estimate.
The announcement is the latest buyout in the cybersecurity space this year. In March Google said that it had struck a deal to buy cybersecurity firm Wiz for $32 billion in what would be the tech giant's biggest-ever acquisition.
The boards of both Palo Alto Networks and CyberArk have unanimously approved the deal, which is expected to close during the second half of Palo Alto Networks' fiscal 2026. The transaction still needs approval from CyberArk shareholders.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
National Post
2 hours ago
- National Post
Seroda Ventures Acquires Majority Stake in Google Cloud Pure-Play Boutique Evonence, Merges with Cloudnyx.ai to Create Google Powerhouse
Article content Article content SCOTTSDALE, Ariz. — Seroda Ventures, a premier technology investment and incubation firm led by Vijay Rao, today announced its strategic majority investment in Evonence, a Google Cloud pure-play consulting firm. As part of the transaction, Evonence will merge with a Seroda-incubated system integrator with deep expertise in Google Cloud. Article content Vijay Shah, Founder and CEO of Evonence, will lead the newly combined entity as CEO, operating under the brand. The merger brings together Evonence's proven execution at scale—spanning 1,500+ clients, 100+ engagements, and over 150K Workspace users—with innovation-first approach to generative AI, agentic productivity, and orchestrated API architectures. This move further reinforces Seroda Ventures' commitment to building next-generation service providers in high-growth cloud ecosystems. Article content With end-to-end capabilities across BigQuery, Vertex AI, Google Workspace with Gemini, Apigee orchestration, and secure cloud modernization, is designed to meet the evolving demands of digital-native enterprises on Google Cloud. Article content 'Joining forces with Seroda Ventures marks a transformational moment for our team,' said Vijay Shah, Founder and CEO of Evonence. 'This is more than a partnership—it's a catalyst that will amplify our momentum and accelerate our ability to deliver breakthrough outcomes across the Google Cloud ecosystem. Seroda's proven track record of scaling boutique SIs will elevate both our brand and our ability to execute for the next phase of growth.' Article content 'We've long believed in the power of aligning great founders with great platforms,' said Vijay Rao, Managing Partner at Seroda Ventures. 'By uniting Cloudnyx and Evonence, this merger creates a stronger, more focused team purpose-built to drive value for Google Cloud users.' Article content will offer a full suite of consulting services for Google Cloud technology, from data warehouse modernization and AI/ML implementation to secure cloud architecture and managed services. Article content Backed by Seroda's strategic investment, is poised to become a differentiated, partner-first services player in the Google Cloud ecosystem, combining executional maturity with technical excellence. Article content About Seroda Ventures Article content Seroda Ventures is a leading investment and incubation firm focused on scaling high-growth IT services companies into industry leaders. With deep expertise in AI, cloud, automation, and enterprise technology modernization, Seroda partners with visionary founders to accelerate growth and create long-term market impact. In less than five years, Seroda has successfully built and exited two category-defining firms—underscoring its proven ability to drive value and deliver results. Today, Seroda is shaping the future of enterprise technology services. Article content About Article content Article content Cloudnyx is a Google Cloud boutique specializing in enterprise AI modernization and cloud-native transformation. We help organizations modernize infrastructure, operationalize AI, and accelerate innovation across the enterprise. With deep expertise in data engineering, MLOps, governance, and GenAI integration, delivers end-to-end solutions that turn complex cloud and AI initiatives into lasting business outcomes. Article content For more information, visit About Evonence Founded in 2014 and headquartered in Columbus, Ohio, Evonence (now part of is a Google Cloud partner specializing in delivering end-to-end Google Cloud solutions. The company has successfully completed more than 1,000 projects across diverse industries, including healthcare, retail, e-commerce, finance, manufacturing, and business services. Evonence remains committed to Google Cloud, continuing to expand its presence in the cloud and application development space. Article content Article content Article content
Globe and Mail
2 hours ago
- Globe and Mail
NIH Contract Expands DLH's Position as a Digital Transformation and Cybersecurity Leader
ATLANTA, Aug. 14, 2025 (GLOBE NEWSWIRE) -- DLH Holdings Corp. (NASDAQ: DLHC) ('DLH' or the 'Company'), a leading provider of digital transformation and cyber security, science research and development, and systems engineering and integration, today announced that it has been awarded a task order valued at up to $46.9 million to continue providing information technology services including enterprise IT systems management, cyber security, software development, cloud computing, and more to the National Institutes of Health's Office of Information Technology ('OIT'). OIT plays a central role in providing and supporting the information technology resources necessary to execute NIH's critical health missions. 'With our unique position at the intersection of scientific research and advanced technology, DLH remains a natural partner for innovation alongside the National Institutes of Health,' said Zach Parker, DLH President and CEO. 'DLH engineers, application developers, and IT will continue to bring their industry-leading information technology, systems integration, and customer support expertise to provide crucial support for this customer while also asked to conduct technology assessments and impact strategic modernization plans.' This $46.9 million task order includes a base period and multiple options aggregating to a three-year period of performance. Through this award, DLH will leverage a comprehensive suite of digital transformation and cyber security solutions to support approximately 7,000 end-customers. As part of this new effort, DLH will design and implement a cloud migration strategy built on partnerships with leading commercial CSP vendors including Azure, AWS, and Google. 'DLH will continue to test, validate, refine, and incubate bold new ideas and innovation on behalf of the vital work our customers carry out,' said Diane Yarnell, President, Health IT. 'Our experts deliver full project management life-cycle solutions to modernize IT, improve the customer experience and business processes, optimize systems, train personnel, and integrate emerging technologies such as artificial intelligence.' About DLH DLH (NASDAQ: DLHC) enhances technology, public health, and cyber security readiness missions through science, technology, cyber, and engineering solutions and services. Our experts solve some of the most complex and critical missions faced by customers today, leveraging digital transformation, artificial intelligence, advanced analytics, cloud-based applications, telehealth systems, and more. With over 2,400 employees dedicated to the idea that 'Your Mission is Our Passion,' DLH brings a unique combination of technology, innovation, and world-class expertise, to improve lives across the globe. For more information, visit Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or DLH`s future financial performance. Any statements that refer to expectations, projections or other characterizations of future events or circumstances or that are not statements of historical fact (including without limitation statements to the effect that the Company or its management 'believes', 'expects', 'anticipates', 'plans', 'intends' and similar expressions) should be considered forward looking statements that involve risks and uncertainties which could cause actual events or DLH's actual results to differ materially from those indicated by the forward-looking statements. Forward-looking statements in this release include, among others, statements regarding estimates of future revenues, operating income, earnings and cash flow. These statements reflect our belief and assumptions as to future events that may not prove to be accurate. Our actual results may differ materially from such forward-looking statements made in this release due to a variety of factors, including: the risk that we will not realize the anticipated benefits of acquisitions (including anticipated future financial performance and results); the diversion of management's attention from normal daily operations of the business and the challenges of managing larger and more widespread operations; the inability to retain employees and customers; contract awards in connection with re-competes for present business and/or competition for new business; our ability to manage our debt obligations; compliance with bank financial and other covenants; changes in client budgetary priorities; government contract procurement (such as bid and award protests, small business set asides, loss of work due to organizational conflicts of interest, etc.) and termination risks; the impact of inflation and higher interest rates; and other risks described in our SEC filings. For a discussion of such risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see 'Risk Factors' in the Company's periodic reports filed with the SEC, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2024 as well as subsequent reports filed thereafter. The forward-looking statements contained herein are not historical facts, but rather are based on current expectations, estimates, assumptions and projections about our industry and business. Such forward-looking statements are made as of the date hereof and may become outdated over time. The Company does not assume any responsibility for updating forward-looking statements, except as may be required by law.
CTV News
3 hours ago
- CTV News
‘Buries the idea of a Palestinian state': Israel announces West Bank settlement
Israeli Finance Minister Bezalel Smotrich speaks to journalists during a press conference about new settlement construction in the Israel-occupied West Bank near Maale Adumim, Wednesday, Aug. 14, 2025. (AP Photo/Ohad Zwigenberg) MAALE ADUMIM, West Bank — Israel's far-right finance minister announced a contentious new settlement construction in the Israeli-occupied West Bank on Thursday which Palestinians and rights groups worry will scuttle plans for a future Palestinian state by effectively cutting the West Bank into two separate parts. The announcement comes as many countries said they would recognize a Palestinian state in September. 'This reality finally buries the idea of a Palestinian state, because there is nothing to recognize and no one to recognize,' said Finance Minister Bezalel Smotrich. 'Anyone in the world who tries today to recognize a Palestinian state – will receive an answer from us on the ground,' he said. Development in E1, an open tract of land east of Jerusalem, has been under consideration for more than two decades, but was frozen due to U.S. pressure during previous administrations. On Thursday, Smotrich praised President Donald Trump and U.S. ambassador to Israel Mike Huckabee as 'true friends of Israel as we have never had before.' The E1 plan has not yet received its final approval, which is expected next week. The plan includes around 3,500 apartments to expand the settlement of Maale Adumim, Smotrich said. While some bureaucratic steps remain, if the process moves quickly, infrastructure work could begin in the next few months and construction of homes could start in around a year. Rights groups swiftly condemned the plan. Peace Now called it 'deadly for the future of Israel and for any chance of achieving a peaceful two-state solution' which is 'guaranteeing many more years of bloodshed.' The announcement comes as the Palestinian Authority and Arab countries condemned Israeli Prime Minister Benjamin Netanyahu's statement in an interview on Tuesday that he was 'very' attached to the vision of a Greater Israel. He did not elaborate, but supporters of the idea believe that Israel should control not only the occupied West Bank but parts of Arab countries. The Associated Press
