CyberArk Software (CYBR) has released an update.
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CyberArk Software has announced the completion of its acquisition of machine identity management leader Venafi in a strategic move to enhance cybersecurity. The $1.54 billion deal, including cash and shares, aims to integrate Venafi’s technologies with CyberArk’s identity security solutions to address the rising challenges of securing machine identities in a world increasingly driven by digital transformation and cloud computing. This acquisition is set to redefine the landscape of machine identity security and expand CyberArk’s potential market by $10 billion.
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