(Reuters) -Palo Alto Networks will buy Israeli peer CyberArk Software for about $25 billion, in its biggest deal yet, as CEO Nikesh Arora seeks to create a comprehensive cybersecurity provider to tap into rising AI-driven demand.

Wednesday’s cash-and-stock deal, one of the largest tech takeovers this year, underscores a consolidation in the industry as customers streamline vendors after facing breaches while relying on a patchwork of firms.

It follows Alphabet’s $32 billion acquisition of Israeli startup Wiz in March, and will broaden Palo Alto’s cybersecurity offerings by adding identity security tools, bolstering its appeal to large enterprise customers.

CyberArk investors will receive $45.00 in cash and 2.2005 shares of Palo Alto for each share they own, the companies said. The acqui

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