Start with Identity
32 deals

Identity market acquisitions

Identity security spent the last three years consolidating, and the pace picked up sharply in 2026. If you are evaluating a vendor, the question "is this product going to exist in its current form in two years" now matters as much as any feature comparison.

Four patterns run through the deals below.

PAM is being absorbed into platforms. Palo Alto Networks buying CyberArk for roughly $25 billion is the largest deal identity security has seen, and it moved the category's anchor vendor inside a network-security platform. Delinea took StrongDM, and Ping Identity took Procyon. Standalone privileged access management is becoming a feature of something larger.

Machine and non-human identity got expensive. CyberArk paid for Venafi, IBM took HashiCorp and with it both Vault and Boundary, and in a single week in mid-2026 Cisco bought Astrix Security while SailPoint bought Entro Security. Then Cyera agreed to pay about 1 billion dollars for Oasis Security, a company founded in 2022. Workload and agent identity stopped being a niche.

Buyers came from outside identity. The most striking thing about 2026 is who is writing the cheques. A data security vendor (Cyera) bought non-human identity, a data platform (Snowflake) bought Natoma, a workflow company (ServiceNow) bought Veza, an endpoint vendor (CrowdStrike) bought SGNL, and a password manager (1Password) bought Apono. Identity controls are being pulled into whichever platform already sits closest to the thing an AI agent wants to touch, which means a standalone agent-identity vendor is now a likelier acquisition target than a likely category winner. Okta buying Permiso is the exception that proves it: an identity vendor buying detection back.

Private equity reshaped the middle of the market. Thoma Bravo bought ForgeRock and folded it into Ping Identity, which it already owned, collapsing two independent IAM platforms into one. Buyers who had standardised on ForgeRock inherited a migration they did not choose.

If you are on the other side of one of these deals and have to merge two identity estates, that is a different problem with its own playbook: see IAM for mergers and acquisitions.

What this means practically: check the ownership line before you sign. A vendor acquired mid-evaluation may keep its roadmap, or may be folded into the acquirer's platform within a year. The deals where the target continued as a standalone product are noted as such below, and every entry links to the vendor profiles on both sides.

The table is the record we maintain, not a complete history of the market. It covers the vendors we profile, and it is checked against every profile's ownership line on each build, so a vendor described as independent here and acquired there is a build failure rather than something a reader discovers.

ClosedAcquirerTargetCategoryPrice
Aug 27, 2026Integrity360CyberIAM
UK and South Africa identity services firm, roughly 120 staff delivering IAM, IGA, PAM, and CIAM on CyberArk, SailPoint, BeyondTrust, and Saviynt. Adds about 18 million euros of revenue. Terms undisclosed.
IAM services
Jul 30, 2026OktaPermiso Security
Reported at just under $200M, almost all cash. Expected to close in the third quarter of Okta fiscal 2027.
ITDR~$200M
Jul 28, 2026CyeraOasis Security
Letter of intent, roughly $700M of it cash. Oasis is to continue as a dedicated unit inside Cyera.
Non-human identity~$1B
Jun 29, 2026CiscoAstrix Security
Folding into Duo, Splunk, and Cisco Identity Intelligence.
Non-human identity~$400M
Jun 29, 2026SailPointEntro Security
Secrets and non-human identity discovery feeding SailPoint Agentic Fabric.
Non-human identity~$200M
Jun 15, 20261PasswordApono
Just-in-time access under 1Password Unified Access. All 80 Apono staff joined.
PAM$250M-$300M
May 27, 2026SnowflakeNatoma
Mostly stock. Brings a governed MCP server catalogue to Cortex Agents and Snowflake Intelligence.
Non-human identity~$110M
Apr 28, 2026SilverfortFabrix Security
No vendor profile for Fabrix, a 2025-founded AI decisioning engine. Joint capabilities due in the second half of 2026.
ITDR
Mar 11, 2026Google CloudWizCIEM
Mar 5, 2026DelineaStrongDMPAM
Mar 2, 2026ServiceNowVeza
Substantially cash. The effective-permissions graph now sits behind ServiceNow AI Control Tower.
IGA~$1.2B
Feb 11, 2026Palo Alto NetworksCyberArk
Continues as a standalone platform. The largest deal in identity security to date, and it carries Venafi and Conjur with it.
PAM~$25B
Jan 8, 2026CrowdStrikeSGNL
Continuous access evaluation and just-in-time authorization for Falcon. Expected to close in CrowdStrike fiscal 2027.
Authorization~$740M
2025CyberArkZilla SecurityIGA
2025Ping IdentityProcyon
Just-in-time privileged access.
PAM
Oct 1, 2024CyberArkVenafi
Venafi passed to Palo Alto Networks with the CyberArk deal.
Machine identity
Jun 18, 2024WorkOSWarrant
Fine-grained authorization startup, now WorkOS FGA.
Authorization
Apr 8, 2024EntrustOnfido
Added document and biometric verification to the Entrust portfolio.
Identity verification
Mar 12, 20241PasswordPassage
Passkey infrastructure startup, now Passage by 1Password.
CIAM
Feb 26, 2024IBMHashiCorp
Brought both Vault (secrets) and Boundary (privileged access) under IBM.
Machine identity$6.4B
2024SailPointOsirium
Acquired alongside the Imprivata IGA business in the same period.
PAM
Oct 9, 2023TenableErmetic
Ermetic became Tenable Cloud Security.
CIEM
Aug 23, 2023Thoma BravoForgeRock
Merged into Ping Identity, which Thoma Bravo also owns. ForgeRock now ships as part of the Ping platform.
IAM
2023SonicWallBanyan SecurityZero trust
2023Check PointPerimeter 81Zero trust
2021KeyfactorPrimeKey
Brought the open-source EJBCA certificate authority under Keyfactor.
PKI
EarlierOktaAuth0
Auth0 runs as an Okta subsidiary and remains a separate developer-facing product.
CIAM
EarlierCyberArkConjur
Now CyberArk Conjur, the company's secrets-management line.
Secrets
EarlierCiscoDuo Security
Duo continues as Cisco's MFA and device-trust line.
MFA
EarlierASSA ABLOYHID GlobalPKI
EarlierOne IdentityOneLogin
One Identity is itself part of Quest Software.
IAM
EarlierOrell FussliProcivisDecentralized identity

No longer independent

29 vendors we profile are owned by someone else. If one is on your shortlist, the roadmap you are buying belongs to the acquirer.

Compiled from the ownership records on our vendor profiles and checked against them on every build. Covers the vendors we profile rather than the whole market. Corrections welcome: see the disclaimer.