Palo Alto Networks has completed its acquisition of identity security specialist CyberArk, adding privileged access and identity controls to its broader cybersecurity platform.
The deal brings the CyberArk Identity Security Platform into Palo Alto Networks’ portfolio, expanding its focus beyond network and security operations into identity security. CyberArk’s technology is designed to manage and secure privileged access across human users, machine identities and automated systems.
Identity security has become a central concern for enterprises as cloud adoption, automation and AI-driven systems increase the number of identities operating within corporate environments. Industry data cited by the company indicates machine identities significantly outnumber human users, while many organisations continue to rely on legacy privilege models. Credential abuse and excessive access are widely recognised as common factors in security breaches.
Palo Alto Networks said CyberArk’s capabilities will remain available as a standalone platform, while integration into its broader security ecosystem is underway. The company stated that existing customers will not experience service disruption.
The acquisition was first announced in July 2025. Under the agreed terms, CyberArk shareholders will receive US$45.00 in cash and 2.2005 shares of Palo Alto Networks common stock for each CyberArk ordinary share.
In a related announcement, Palo Alto Networks said it intends to pursue a secondary listing on the Tel Aviv Stock Exchange under the ticker “CYBR”, while maintaining its primary NASDAQ listing under “PANW”. If completed, the move would make Palo Alto Networks one of the largest companies by market capitalisation listed on the TASE.
The acquisition reflects a broader industry trend toward consolidating identity security into platform-based cybersecurity offerings, particularly as organisations seek to manage access risks associated with hybrid cloud environments and AI-driven systems.
