$60B TAM Target: CyberArk Bolsters Machine Identity Solutions With Venafi Acquisition
$60B TAM Target: CyberArk Bolsters Machine Identity Solutions With Venafi Acquisition
CyberArk Software Ltd. (NASDAQ:CYBR) inked a deal to acquire Venafi from Thoma Bravo for an enterprise value of $1.54 billion.
CyberArk Software Ltd.（纳斯达克股票代码：CYBR）签署了一项协议，以15.4亿美元的企业价值从托马·布拉沃手中收购Venafi。
The acquisition value includes around $1 billion in cash and about $540 million in shares. The transaction is expected to close in the second half of 2024, subject to customary closing conditions.
收购价值包括约10亿美元的现金和约5.4亿美元的股票。该交易预计将于2024年下半年完成，但须遵守惯例成交条件。
Post closure, the company expects Venafi to add around $150 million in annual recurring revenue (ARR). Also, Venafi is projected to bring a strong business model, with 95% in recurring revenue, including SaaS and Term Based License Revenue.
该公司预计关闭后，Venafi将增加约1.5亿美元的年度经常性收入（ARR）。此外，预计Venafi将带来强大的商业模式，其经常性收入为95％，包括SaaS和基于期限的许可收入。
The transaction is anticipated to be accretive to margins immediately, with significant revenue synergies through cross-sell, up-sell, and geographic expansion.
预计该交易将立即增加利润，并通过交叉销售、向上销售和地域扩张实现显著的收入协同效应。
The company anticipates Venafi bringing complementary capabilities to protect machine identities and boosting the Total Addressable Market (TAM) from $50 billion to $60 billion.
该公司预计，Venafi将提供互补的功能来保护机器身份，并将总可寻址市场（TAM）从500亿美元提高到600亿美元。
Matt Cohen, Chief Executive Officer, said, "By combining forces with Venafi, we are expanding our abilities to secure machine identities in a cloud-first, GenAI, post-quantum world. Our integrated technologies, capabilities and expertise will address the needs of global enterprises and empower Chief Information Security Officers to defend against increasingly sophisticated attacks that leverage human and machine identities as part of the attack chain."
首席执行官马特·科恩表示：“通过与Venafi联手，我们正在扩展我们在云优先、GenAI、后量子世界中保护机器身份的能力。我们的综合技术、能力和专业知识将满足全球企业的需求，使首席信息安全官能够抵御越来越复杂的攻击，这些攻击利用人类和机器身份作为攻击链的一部分。”
Chip Virnig, a Partner at Thoma Bravo, stated, "Over the course of our investment, Venafi has accelerated SaaS growth, expanded margins, and successfully created a best-in-class SaaS offering, setting the stage for continued innovation. We believe CyberArk is a great partner for Venafi and that the scaled end-to-end machine identity security platform created by this strategic combination will deliver significant value to shareholders."
Thoma Bravo的合伙人奇普·维尔尼格表示：“在我们的投资过程中，Venafi加速了SaaS的增长，扩大了利润率，并成功创建了同类最佳的SaaS产品，为持续创新奠定了基础。我们相信CyberArk是Venafi的绝佳合作伙伴，这种战略组合创建的扩展型端到端机器身份安全平台将为股东带来可观的价值。”
CyberArk held $1.4 billion in cash and equivalents as of March-end.
截至3月底，CyberArk持有14亿美元的现金及等价物。
CyberArk Software stock gained over 62% in the last 12 months. Investors can gain exposure to the stock via First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR) and IShares Cybersecurity And Tech ETF (NYSE:IHAK).
在过去的12个月中，CyberArk Software的股票上涨了62％以上。投资者可以通过第一信托纳斯达克网络安全ETF（纳斯达克股票代码：CIBR）和iShares网络安全与科技ETF（纽约证券交易所代码：IHAK）获得股票敞口。
Price Action: CYBR shares are up 0.54% at $247.66 at the last check Monday.
价格走势：在周一的最后一次检查中，CYBR股价上涨0.54％，至247.66美元。
Photo via Shutterstock
照片来自 Shutterstock