Palo Alto Networks, Inc. (NASDAQ:PANW) is set to acquire Israeli peer CyberArk Software for an estimated $25 billion, making it one of the largest technology deals of the year. The deal aims to enhance cybersecurity services with identity security tools to meet AI-driven demand. CEO Nikesh Arora is focused on developing a comprehensive cybersecurity provider.

Arora emphasized the importance of privilege controls in cybersecurity, stating that every identity must have the right level of privilege controls. Palo Alto Networks is a leading player in AI-powered cybersecurity, poised to benefit from the rise of AI and machine identities.

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Read more at Yahoo Finance: Palo Alto Networks (PANW) to Acquire CyberArk in $25 Billion AI Security Deal