The cybersecurity giant is getting into identity security with its acquisition of CyberArk, which is one of the biggest cybersecurity deals of the year so far.

Palo Alto Networks Inc. agreed to buy CyberArk Software Ltd. in a cash-and-stock deal valuing the Israeli cybersecurity company at about $25 billion.Palo Alto will pay CyberArk investors $45 plus 2.2005 shares of Palo Alto stock for each of their own shares,

The deal marks Palo Alto Networks’ entry into the identity and access management space amid the growing need to secure human, machine and emerging AI agent identities.