CyberArk’s Comedic Cash Splash: $165M for Zilla Security, Because Who Needs Pocket Change?
CyberArk has snapped up Zilla Security for $165 million, aiming to jazz up its identity security portfolio with some AI pizzazz. Following its billion-dollar splurge on Venafi, CyberArk is now all about creating a cloud-first identity management extravaganza, leaving legacy IGA systems in the dust.
Hot Take:
CyberArk is on a shopping spree, and its shopping cart is filled with identity security treasures! With the recent acquisition of Zilla Security, CyberArk seems to be assembling the Avengers of identity governance. Put on your capes, cybersecurity defenders, because CyberArk is on a mission to save the world from identity chaos, one acquisition at a time!
Key Points:
- CyberArk acquires Zilla Security for $165 million in cash, plus a $10 million performance-based earn-out.
- This acquisition follows CyberArk’s $1.54 billion purchase of Venafi to enhance machine identity security.
- Zilla Security offers AI-driven tools for automating user provisioning and compliance reviews.
- The integration aims to provide a unified platform for privilege management and lifecycle automation.
- CyberArk is targeting the expanding market for secure and compliant access in hybrid and multi-cloud infrastructures.
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