CyberArk announced the acquisition of Venafi from Thoma Bravo for over $1.5 billion to enhance its machine identity security, providing services like IoT identity and certificate lifecycle management, and cryptographic code-signing. This move positions CyberArk as a market leader in machine identity security, addressing machine identity credential types, various use cases, and target environments
The acquisition aims to help secure the expansive enterprise IoT attack surface. CyberArk's chief strategy officer, Clarence Hinton, emphasized the importance of machine identities as a top driver of identity growth, also highlighting that security professionals consider machine identities the riskiest identity type in enterprises. The deal is expected to be finalized by the end of 2024. ```https://www.darkreading.com/cloud-security/cyberark-picks-up-machine-id-manager-venafi-for-1-54b