It's Official: Palo Alto Networks to Buy CyberArk for $25B

Largest Deal in Palo Alto's History Marks Entry Into Broad Identity Security Market Michael Novinson (MichaelNovinson) • July 30, 2025

Palo Alto Networks announced the biggest deal in its 21-year history, bursting into the identity security market with its $25 billion proposed buy of CyberArk.

See Also: Identity and Access Management (IAM) Market Guide 2025

While Palo Alto Networks has offered identity threat detection and response since 2023, buying CyberArk marks the company's first foray into the broader access management market, a space the company historically avoided due to the stickiness of identity platforms. The acquisition is the second-largest in cybersecurity industry history, trailing only Google's $32 billion proposed buy of Wiz in March.

"The rise of AI and the explosion of machine identities have made it clear that the future of security must be built ...