CyberArk Acquires Venafi for $1.54 Billion on May 20, 2024

May 20, 2024, 12:16 PM

CyberArk acquires Venafi, a cybersecurity company specializing in machine identity management, from private equity firm Thoma Bravo. The deal, valued at approximately $1.54 billion, was announced on May 20, 2024. Thoma Bravo previously acquired Venafi for $1.15 billion in 2020. This acquisition is notable given the current climate and the growing importance of identity security due to the expansion of cloud computing.