Cybersecurity acquisition. Transaction value: $25 billion
The American company Palo Alto Networks has made an offer to shareholders of the Israeli company CyberArk Software to purchase 100 percent of its shares and delist them from public trading.
The transaction will be settled in cash and Palo Alto shares. CyberArk Software is currently valued at $25 billion, representing a 29% premium over yesterday's price.
Following the merger, a new entity will be created that will offer comprehensive cybersecurity services using artificial intelligence.
The development of artificial intelligence and the rapid growth of machine identities have clearly demonstrated that the future of security must be based on a vision, that it is necessary to control the level of access rights to the system, says Palo Alto CEO Nikesh Aror.
Palo Alto offers physical and virtual firewalls, the WildFire cloud service, and the integrated Panorama network security management platform.
Meanwhile, CyberArk specializes in securing privileged accounts and counteracting ransomware attacks, which block access to a computer system or prevent reading data stored in the system.
Removing the block is most often associated with a request to pay a fee to the hackers. This also applies to digital identities, which are often used interchangeably with physical and digital identifiers.
Journalist, graduate of political science at the Faculty of Law and Administration of the Jagiellonian University. Associated with the media for over 40 years. After graduating in 1982, he worked on the editorial staff of "Gazeta Krakowska" and "Kurier Polski." A member of the editorial team of "Przegląd Techniczny." He has published articles in "Student," "Przekrój," and "Życie Literackie." Since the economic and political transformation, he has been associated with Reuters as a correspondent in Krakow for over 20 years. For the next three years, he conducted practical classes with students at the Institute of Journalism, Media, and Social Communication of the Jagiellonian University. Since December 2021, he has joined the PTWP Group and works for the WNP.PL portal. His main professional interests include economics and politics at the global level and the participation of Polish business in this field, particularly companies listed on the Warsaw Stock Exchange. Winner of the "Ostra Pióra" award, granted for "spreading economic education" by the BCC, as well as the Golden Pear - a journalistic award of the Małopolska Branch of the Association of Journalists of the Republic of Poland.
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