The acquisition of the identity security powerhouse provides Palo Alto Networks with an offering in nearly every major category in modern cybersecurity.
Palo Alto Networks announced Wednesday it has completed its blockbuster acquisition of CyberArk, in a $25 billion deal aimed at providing a crucial missing piece for the cybersecurity giant’s broad platform.
With the closure of the deal, Palo Alto Networks now has an offering in nearly every major category in modern cybersecurity, executives have said.
[Related: Palo Alto Networks CEO: 5 Biggest Statements On $25B CyberArk Deal]
The deal for CyberArk—initially announced in July 2025—is by far the largest acquisition in Palo Alto Networks’ history.
CyberArk will remain available as a stand-alone offering going forward, while CyberArk’s capabilities will also be integrated across the Palo Alto Networks platform, the company said in a news release Wednesday.
Crucially, the deal for CyberArk has sought to help position Palo Alto Networks at the center of providing security for agentic AI, according to Palo Alto Networks CEO Nikesh Arora. The deal has been in part aimed at addressing major needs around securing identities and privileges for agentic applications.
In a quote included in the news release, Arora said there’s no question that the “emerging wave of AI agents will require us to secure every identity—human, machine, and agent.”
Palo Alto Networks also disclosed Wednesday that the company plans to seek a secondary listing for its shares on the Tel Aviv Stock Exchange, adopting the ticker “CYBR” from CyberArk. Both companies were founded in Israel and have maintained a major R&D presence in the country.
The cash and equity deal represented a 26 percent premium over CyberArk’s share price prior to the disclosure of the agreement last July.
“We feel confident that this is the right strategy for Palo Alto at this moment,” Arora said at the time during a call with analysts. “This is the right answer for our customers from an industry perspective [and] in terms of we want to deliver from a multi-platform, comprehensive security perspective.”
The closure of the CyberArk deal follows the completion of Palo Alto Networks’ $3.35 billion acquisition of observability provider Chronosphere in late January.
