CyberArk makes bold move with $1.54 billion acquisition of Venafi
CTech -

CyberArk said on Monday it will acquire cybersecurity firm Venafi from equity firm Thoma Bravo in a deal valued at around $1.54 billion. The firm will acquire Venafi in a combination of $1 billion in cash and around $540 million in stock, and expects the deal to close in the second half of 2024. CyberArk has seen its share price climb by over 60% over the past year, reaching a market cap of around $10 billion. Venafi is expected to add around $150 million in annual recurring revenue and will...

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