Cybersecurity
CyberArk to Buy Thoma Bravo-Backed Venafi for $1.5 Billion
- Transaction includes $1 billion in cash, $540 million in stock
- Deal expected to close in second half, boost CyberArk margins
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CyberArk Software Ltd. agreed to buy Venafi, a cybersecurity company backed by private equity firm Thoma Bravo, for $1.54 billion.
CyberArk, based in Israel and listed in the US, will buy Salt Lake City-based Venafi for about $1 billion in cash and $540 million in CyberArk shares, according to a statement on Monday confirming an earlier Bloomberg News report.