This acquisition will combine Venafi's machine identity management capabilities with CyberArk's  identity security capabilities to establish a unified platform for end-to-end machine identity security at enterprise scale.

CyberArk intends to acquire Venafi for an enterprise value of approximately $1.54 billion in a combination of cash and CyberArk shares (approximately $1 billion in cash and approximately $540 million in shares). The Boards of Directors of both CyberArk and Venafi have each approved the transaction.