NASHVILLE, Tenn., May 21, 2024--CyberArk (NASDAQ: CYBR), the identity security company, today announced at its annual conference, CyberArk IMPACT 24, the availability of CyberArk CORA AI, a new set of AI-powered capabilities that will be embedded across its identity security platform. CORA AI will translate vast numbers of identity data points into insights and enables multi-step actions in natural language, empowering users and their organizations to be more secure, efficient and effective in s
(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 EdgeHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns Bullish on US StocksCyberArk, based in Is
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.