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In a significant move for the cybersecurity industry, CyberArk has confirmed that its shareholders have overwhelmingly voted to approve the company's acquisition by Palo Alto Networks. This approval marks a critical milestone in the process of uniting the global leader in identity security with a major platform in network security and AI-driven threat prevention, bringing the vision of a comprehensive, modern security platform closer to reality.
CyberArk shareholders have approved the acquisition by Palo Alto Networks with 99.8% of the vote.
The deal is expected to close in the second half of Palo Alto Networks' fiscal year 2026.
Finalization is pending standard regulatory approvals and closing conditions.
The acquisition aims to combine identity security with a broader platform for the AI era.
The per-share consideration is $45.00 in cash and 2.2005 shares of PANW common stock.
The union focuses on securing every identity—human, machine, and AI—with intelligent privilege controls.
The shareholder vote, held at a special meeting, demonstrated near-unanimous support for the transaction, with approximately 99.8% of votes cast in favor. This strong endorsement underscores the strategic value shareholders see in combining CyberArk's specialized identity security expertise with Palo Alto Networks' extensive security platform and market reach. The collaboration is poised to create a more integrated and powerful security solution for the modern enterprise.
The leadership of CyberArk views this acquisition as a pivotal step toward achieving a more robust security posture for customers. Matt Cohen, Chief Executive Officer of CyberArk, stated, “We would like to thank our shareholders for their strong support in approving the acquisition of CyberArk by Palo Alto Networks. Today, we move one step closer to bringing together two cybersecurity leaders to advance our vision of securing every identity — human, machine, and AI — with intelligent privilege controls through a modern platform built for the AI era.”
With shareholder approval secured, the focus now shifts to fulfilling the remaining conditions for the transaction's closure. The acquisition is anticipated to be finalized during the second half of Palo Alto Networks' fiscal year 2026. The primary remaining steps involve receiving the necessary regulatory approvals from governing bodies, which is a standard requirement for transactions of this scale and nature.
CyberArk is the global leader in identity security, trusted by organizations around the world to secure human and machine identities in the modern enterprise. CyberArk’s AI-powered Identity Security Platform applies intelligent privilege controls to every identity with continuous threat prevention, detection and response across the identity lifecycle. With CyberArk, organizations can reduce operational and security risks by enabling zero trust and least privilege with complete visibility, empowering all users and identities, including workforce, IT, developers and machines, to securely access any resource, located anywhere, from everywhere.
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