Thoma Bravo

growth-positive

Armis, an Israeli cybersecurity company, is in talks to be acquired by US private equity firm Thoma Bravo at a valuation of $5 billion. Insight Partners, a major shareholder, stands to gain $2-3 billion from the sale. The acquisition is expected to include an injection of hundreds of millions of dollars into Armis. The company has raised over $800 million since its acquisition by Insight Partners in 2020. Armis, which operates in critical infrastructure security, has notable customers like Colgate-Palmolive and the US Postal Service. The acquisition by Thoma Bravo could precede an IPO, aligning with Armiss managements previous statements about going public.

growth-positive

CyberArk has been acquired by Palo Alto Networks for $25 billion, marking a significant event for its major shareholders, including BlackRock, Fidelity, Wellington Management, and Thoma Bravo. Despite its $21.5 billion valuation on Nasdaq, Israeli institutional investors hold less than 1% of CyberArks shares, with Clal Insurance being the only significant Israeli stakeholder. Clal Insurance increased its investment significantly over the past six months, recognizing CyberArk as a leader in cybersecurity. The acquisition of Venafi by CyberArk, focusing on machine-to-machine cybersecurity, was a key factor in Clals investment decision. This acquisition is seen as pivotal for Palo Alto Networks in the AI era.