CyberArk to Acquire Venafi for $1.54 Billion from Thoma Bravo

May 20, 2024, 12:16 PM

CyberArk is nearing an agreement to acquire Venafi, a cybersecurity company specializing in machine identity management, for approximately $1.54 billion. Venafi, backed by private equity firm Thoma Bravo, was previously acquired by Thoma Bravo for $1.15 billion in 2020. This acquisition marks the largest in CyberArk's 25-year history and reflects the growing importance of identity security in the current climate, driven by the expansion of cloud computing.