(Reuters) - CyberArk said on Monday it will acquire cybersecurity firm Venafi from equity firm Thoma Bravo in a deal valued at around $1.54 billion.
The firm will acquire Venafi in a combination of $1 billion in cash and around $540 million in stock and expects the deal to close in the second half of 2024.
Venafi is also expected to add around $150 million in annual recurring revenue and will be accretive to CyberArk's margins immediately, the company said.