Previous close | 3.4000 |
Open | 3.4000 |
Bid | 3.2000 |
Ask | 3.6000 |
Strike | 400.00 |
Expiry date | 2024-09-20 |
Day's range | 3.4000 - 3.4000 |
Contract range | N/A |
Volume | |
Open interest | 1 |
(Bloomberg) -- CyberArk Software Ltd. agreed to buy Venafi, a cybersecurity company backed by private equity firm Thoma Bravo, for $1.54 billion.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeSaudi Crown Prince Postpones Japan Trip Over King’s HealthEbrahim Raisi, Iranian President Confronting West, Dies at 63China’s Housing Rescue Too Small to End Crisis, Analysts SayCyberArk, based in Israel and
The Israel-based information security services provider 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. Shares of CyberArk gained 2.3% in premarket trading. The deal comes months after Cisco Systems bought out cybersecurity firm Splunk for $28 billion in September as firms look to strengthen their enterprise security products amid increasing digital safety threats.
NEWTON, Mass. & PETACH TIKVA, Israel, May 20, 2024--CyberArk (NASDAQ: CYBR), the identity security company, today announced it has signed a definitive agreement to acquire Venafi, a leader in machine identity management, from Thoma Bravo. This acquisition will combine Venafi’s best-in-class machine identity management capabilities with CyberArk’s leading identity security capabilities to establish a unified platform for end-to-end machine identity security at enterprise scale.