Why Palo Alto Networks Is Eyeing a $20B+ Buy of CyberArk

Palo Alto Networks is considering a $20 billion acquisition of CyberArk, a significant departure from its previous M&A strategy of acquiring startups. This move would enter Palo Alto into the identity market, a space it has previously avoided due to the challenges of replacing existing providers. CyberArk’s extensive customer base and global revenue mix make it an attractive target, potentially positioning Palo Alto as a major player in the identity market.