Cybersecurity company Palo Alto Networks is buying CyberArk in a cash-and-stock deal valued at approximately $25 billion.

CyberArk, based in Petach-Tikva, Israel, develops software to detect attacks on privileged accounts.

CyberArk shareholders will receive $45 in cash and 2.2005 shares of Palo Alto Networks common stock for each share of CyberArk that they own.

Palo Alto Networks Inc. said Wednesday the transaction will give it access to the identity security market.

“Our market entry strategy has always been to enter categories at their inflection point, and we believe that moment for identity security is now,” Chairman and CEO Nikesh Arora said in a statement. “This strategy has guided our evolution from a next-gen firewall company into a multi-platform cybersecurity leader.”

Wedbu

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