Identity security giant CyberArk has acquired Boston-based Zilla Security, a cloud-native identity governance and administration startup, in a deal worth up to $175 million. The acquisition, announced Thursday, includes $165 million in cash and a $10 million earn-out contingent on performance milestones. Zilla’s co-founders, CEO Deepak Taneja and Nitin Sonawane, along with their team, will…
Category: CyberArk
CyberArk, Enterprise, Global IT News, Global Security News, Security, Zilla Security
CyberArk snaps up Zilla Security for up to $175M
Identity security company CyberArk has acquired identity governance and administration (IGA) platform Zilla Security in a deal worth up to $175 million. The transaction consists of a $165 million cash portion and an additional $10 million “earn-out” which is payable upon meeting certain milestones — it can be seen as an incentive for the founders…