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Investing.com -- CyberArk (NASDAQ: CYBR), a global leader in identity security, has announced the acquisition of Zilla Security, a top player in modern Identity Governance and Administration (IGA) solutions. The acquisition is expected to enhance CyberArk’s Identity Security Platform through the integration of Zilla’s innovative, AI-powered IGA capabilities.
The addition of Zilla’s technology will provide scalable automation to CyberArk’s platform, facilitating accelerated identity compliance and provisioning across digital environments. This is expected to maximize security and operational efficiency. The acquisition aligns with CyberArk’s strategy to offer a comprehensive identity security platform capable of securing every identity, both human and machine, through appropriate privilege controls.
According to the terms of the agreement, CyberArk has purchased Zilla Security for an enterprise value of $165 million in cash. Additionally, a $10 million earn-out is tied to the achievement of certain milestones. This acquisition represents a significant step forward in CyberArk’s ongoing efforts to expand and strengthen its identity security platform.
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