Reported at 250 to 300 million dollars, the deal gives 1Password just-in-time privileged access across AWS, Azure, GCP, Kubernetes, Snowflake, and Databricks, and takes it into territory owned by PAM vendors.

The largest deal in security industry history closed on 11 February 2026. CyberArk shareholders took 45 dollars cash plus 2.2005 Palo Alto shares per ordinary share, and privileged access management now sits inside a network security platform.