{
  "title": "Identity Consolidation Report 2026",
  "publisher": "StartWithIdentity.com",
  "url": "https://startwithidentity.com/reports/identity-consolidation-report-2026/",
  "snapshot": "2026-10-31",
  "source_data_updated": "2026-10-31",
  "license": "Free to reuse with attribution to StartWithIdentity.com",
  "price_status": {
    "disclosed": "Stated by a party to the deal: press release, investor release, or SEC filing.",
    "reported": "Not stated by a party; a named outlet reported it citing sources. price_usd is the lower bound where a range was reported.",
    "undisclosed": "No figure stated or credibly reported."
  },
  "deal_count": 63,
  "deals": [
    {
      "acquirer": "Infotech",
      "target": "Zluri",
      "category": "IGA",
      "announced": "2026-10-14",
      "closed": "2026-10-14",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": "Infotech's release says terms were not disclosed.",
      "acquirer_type": "Other",
      "deal_year": 2026,
      "target_profile": "/vendors/iga/zluri/",
      "source_url": "https://www.infotech.com/about/press-releases/infotech-launches-api-driven-advisory-acquires-zluri-to-expand-cio-analytics-platform"
    },
    {
      "acquirer": "Workday",
      "target": "C1 (formerly ConductorOne)",
      "category": "IGA",
      "announced": "2026-10-13",
      "closed": null,
      "status": "pending",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "IT, data or workflow platform",
      "deal_year": 2026,
      "target_profile": "/vendors/iga/conductorone/",
      "source_url": "https://newsroom.workday.com/2026-10-13-Workday-to-Acquire-C1-ai,-a-Leading-Agentic-Identity-Platform-for-People-and-Agents"
    },
    {
      "acquirer": "IonQ",
      "target": "Elisity",
      "category": "Zero trust",
      "announced": "2026-10-12",
      "closed": null,
      "status": "pending",
      "price_usd": 1300000000,
      "price_status": "disclosed",
      "price_basis": "IonQ release: all stock, about $1.15B at signing plus up to $150M of earnout; price_usd is the stated ceiling.",
      "acquirer_type": "Other",
      "deal_year": 2026,
      "target_profile": null,
      "source_url": "https://www.ionq.com/news/ionq-to-acquire-elisity-to-accelerate-zero-trust-for-the-quantum-era"
    },
    {
      "acquirer": "Integrity360",
      "target": "CyberIAM",
      "category": "IAM services",
      "announced": "2026-08-27",
      "closed": "2026-08-27",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Other",
      "deal_year": 2026,
      "target_profile": null,
      "source_url": "https://insights.integrity360.com/the-future-of-security-is-identity-integrity360-acquires-iam-specialist-cyberiam"
    },
    {
      "acquirer": "Okta",
      "target": "Permiso Security",
      "category": "ITDR",
      "announced": "2026-07-30",
      "closed": "2026-08-26",
      "status": "closed",
      "price_usd": 200000000,
      "price_status": "reported",
      "price_basis": "Okta did not disclose terms. A source told TechCrunch and BetaNews just under $200M, mostly cash; Okta did not dispute it.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2026,
      "target_profile": "/vendors/ai-identity/permiso-security/",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1660134/000166013426000069/okta-20260731.htm"
    },
    {
      "acquirer": "Cyera",
      "target": "Oasis Security",
      "category": "Non-human identity",
      "announced": "2026-07-28",
      "closed": "2026",
      "status": "closed",
      "price_usd": 1000000000,
      "price_status": "reported",
      "price_basis": "TechCrunch and Globes reported about $1B, roughly $700M of it cash.",
      "acquirer_type": "Security platform",
      "deal_year": 2026,
      "target_profile": "/vendors/ai-identity/oasis-security/",
      "source_url": "https://itbrief.news/story/cyera-completes-usd-1-billion-oasis-security-deal"
    },
    {
      "acquirer": "Vercel",
      "target": "Better Auth",
      "category": "Open-source auth",
      "announced": "2026-07-07",
      "closed": "2026-07-07",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "IT, data or workflow platform",
      "deal_year": 2026,
      "target_profile": "/vendors/open-source/better-auth/",
      "source_url": "https://vercel.com/blog/vercel-acquires-better-auth"
    },
    {
      "acquirer": "SailPoint",
      "target": "Entro Security",
      "category": "Non-human identity",
      "announced": "2026-06-15",
      "closed": "2026-06-29",
      "status": "closed",
      "price_usd": 122600000,
      "price_status": "disclosed",
      "price_basis": "SailPoint 10-Q (quarter to 2026-07-31): $122.6M cash consideration, plus up to $7.3M of restricted stock booked as compensation. Calcalist had reported about $200M.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2026,
      "target_profile": "/vendors/ai-identity/entro-security/",
      "source_url": "https://www.sec.gov/Archives/edgar/data/2030781/000203078126000021/sail-20260731.htm"
    },
    {
      "acquirer": "1Password",
      "target": "Apono",
      "category": "PAM",
      "announced": "2026-06-15",
      "closed": "2026-06-15",
      "status": "closed",
      "price_usd": 250000000,
      "price_status": "reported",
      "price_basis": "1Password did not disclose terms. Globes reported more than $250M; Calcalist $250M to $300M. price_usd is the lower bound.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2026,
      "target_profile": "/vendors/pam/apono/",
      "source_url": "https://1password.com/press/2026/june/1password-acquires-apono"
    },
    {
      "acquirer": "Snowflake",
      "target": "Natoma",
      "category": "Non-human identity",
      "announced": "2026-05-27",
      "closed": "2026-06-03",
      "status": "closed",
      "price_usd": 128300000,
      "price_status": "disclosed",
      "price_basis": "Snowflake 10-Q (quarter to 2026-07-31): $128.3M preliminary consideration, $110.5M in stock and $17.7M in cash. About $110M was stated at signing.",
      "acquirer_type": "IT, data or workflow platform",
      "deal_year": 2026,
      "target_profile": "/vendors/ai-identity/natoma/",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014726000037/snow-20260731.htm"
    },
    {
      "acquirer": "Cisco",
      "target": "Astrix Security",
      "category": "Non-human identity",
      "announced": "2026-05-04",
      "closed": "2026-06-29",
      "status": "closed",
      "price_usd": 400000000,
      "price_status": "reported",
      "price_basis": "Cisco did not disclose terms. Calcalist reported a final price of about $400M.",
      "acquirer_type": "Security platform",
      "deal_year": 2026,
      "target_profile": "/vendors/ai-identity/astrix-security/",
      "source_url": "https://blogs.cisco.com/news/cisco-announces-intent-to-acquire-astrix-security"
    },
    {
      "acquirer": "Silverfort",
      "target": "Fabrix Security",
      "category": "ITDR",
      "announced": "2026-04-28",
      "closed": "2026-04-28",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": "Calcalist reported \"tens of millions\" of dollars; no figure recorded.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2026,
      "target_profile": null,
      "source_url": "https://www.silverfort.com/press-news/silverfort-acquires-fabrix-security/"
    },
    {
      "acquirer": "Delinea",
      "target": "StrongDM",
      "category": "PAM",
      "announced": "2026-01-15",
      "closed": "2026-03-05",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2026,
      "target_profile": "/vendors/pam/strongdm/",
      "source_url": "https://delinea.com/news/delinea-acquires-strongdm-to-secure-ai-with-continuous-authorization"
    },
    {
      "acquirer": "CrowdStrike",
      "target": "SGNL",
      "category": "Authorization",
      "announced": "2026-01-08",
      "closed": "2026-02-20",
      "status": "closed",
      "price_usd": 636800000,
      "price_status": "disclosed",
      "price_basis": "CrowdStrike FY2026 10-K: $627.9M cash (net of $9.4M cash acquired) plus $8.9M of replacement awards. CEO George Kurtz put the deal at about $740M to CNBC at announcement.",
      "acquirer_type": "Security platform",
      "deal_year": 2026,
      "target_profile": "/vendors/authorization/sgnl/",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1535527/000153552726000010/crwd-20260131.htm"
    },
    {
      "acquirer": "ServiceNow",
      "target": "Veza",
      "category": "IGA",
      "announced": "2025-12-02",
      "closed": "2026-03-02",
      "status": "closed",
      "price_usd": 1200000000,
      "price_status": "disclosed",
      "price_basis": "ServiceNow Q1 2026 10-Q: approximately $1.2 billion, substantially in cash. The press release gave no price.",
      "acquirer_type": "IT, data or workflow platform",
      "deal_year": 2025,
      "target_profile": "/vendors/iga/veza/",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1373715/000137371526000056/now-20260331.htm"
    },
    {
      "acquirer": "Twilio",
      "target": "Stytch",
      "category": "CIAM",
      "announced": "2025-10-30",
      "closed": "2025-11-14",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "IT, data or workflow platform",
      "deal_year": 2025,
      "target_profile": "/vendors/ciam/stytch/",
      "source_url": "https://stytch.com/docs/resources/changelog"
    },
    {
      "acquirer": "Ping Identity",
      "target": "Keyless",
      "category": "MFA",
      "announced": "2025-10-30",
      "closed": null,
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2025,
      "target_profile": null,
      "source_url": "https://press.pingidentity.com/2025-10-30-Ping-Identity-Strengthens-Defense-Against-AI-Driven-Impersonation-with-Privacy-Preserving-Biometrics"
    },
    {
      "acquirer": "Imprivata",
      "target": "Verosint",
      "category": "ITDR",
      "announced": "2025-10-14",
      "closed": "2025-10-14",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2025,
      "target_profile": null,
      "source_url": "https://www.imprivata.com/company/press/imprivata-acquires-verosint-add-ai-powered-risk-signaling-its-leading-enterprise"
    },
    {
      "acquirer": "Better Auth",
      "target": "Auth.js",
      "category": "Open-source auth",
      "announced": "2025-09-22",
      "closed": "2025-09-22",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": "A maintenance transfer, not a priced acquisition.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2025,
      "target_profile": "/vendors/open-source/authjs/",
      "source_url": "https://better-auth.com/blog/authjs-joins-better-auth"
    },
    {
      "acquirer": "Okta",
      "target": "Axiom Security",
      "category": "PAM",
      "announced": "2025-08-26",
      "closed": "2025-09-04",
      "status": "closed",
      "price_usd": 54000000,
      "price_status": "disclosed",
      "price_basis": "Okta 10-Q (quarter to 2025-10-31): $54M purchase consideration in cash. Globes had reported about $75M.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2025,
      "target_profile": null,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1660134/000166013425000171/okta-20251031.htm"
    },
    {
      "acquirer": "Incode",
      "target": "AuthenticID",
      "category": "Identity verification",
      "announced": "2025-08-19",
      "closed": "2025-08-19",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2025,
      "target_profile": null,
      "source_url": "https://www.incode.com/press/incode-acquires-authenticid-creating-identity-firm-with-deep-reach/"
    },
    {
      "acquirer": "Palo Alto Networks",
      "target": "CyberArk",
      "category": "PAM",
      "announced": "2025-07-30",
      "closed": "2026-02-11",
      "status": "closed",
      "price_usd": 25000000000,
      "price_status": "disclosed",
      "price_basis": "Joint release filed with Palo Alto Networks 8-K: $45 in cash plus 2.2005 PANW shares per CyberArk share, about $25B equity value.",
      "acquirer_type": "Security platform",
      "deal_year": 2025,
      "target_profile": "/vendors/pam/cyberark/",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1327567/000119312526045600/d40626dex991.htm"
    },
    {
      "acquirer": "Signicat",
      "target": "Inverid",
      "category": "Identity verification",
      "announced": "2025-07-14",
      "closed": "2025-07-14",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2025,
      "target_profile": null,
      "source_url": "https://www.biometricupdate.com/202507/signicat-forms-european-identity-powerhouse-with-inverid-acquisition"
    },
    {
      "acquirer": "Keyfactor",
      "target": "InfoSec Global and CipherInsights",
      "category": "PKI",
      "announced": "2025-05-13",
      "closed": "2025-05-13",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2025,
      "target_profile": null,
      "source_url": "https://www.keyfactor.com/press-releases/keyfactor-acquires-infosec-global-and-cipherinsights/"
    },
    {
      "acquirer": "Google Cloud",
      "target": "Wiz",
      "category": "CIEM",
      "announced": "2025-03-18",
      "closed": "2026-03-11",
      "status": "closed",
      "price_usd": 32000000000,
      "price_status": "disclosed",
      "price_basis": "Google announcement and Alphabet 8-K: $32 billion all cash.",
      "acquirer_type": "IT, data or workflow platform",
      "deal_year": 2025,
      "target_profile": "/vendors/ciem/wiz/",
      "source_url": "https://blog.google/company-news/inside-google/company-announcements/google-agreement-acquire-wiz/"
    },
    {
      "acquirer": "Corsair Capital",
      "target": "IDnow",
      "category": "Identity verification",
      "announced": "2025-03-06",
      "closed": null,
      "status": "closed",
      "price_usd": 295000000,
      "price_status": "reported",
      "price_basis": "Sifted reported about EUR 273M, all cash; terms were not officially disclosed.",
      "acquirer_type": "Private equity",
      "deal_year": 2025,
      "target_profile": "/vendors/identity-verification/idnow/",
      "source_url": "https://ffnews.com/news/idnow-announces-strategic-majority-investment-from-corsair-capital"
    },
    {
      "acquirer": "Jamf",
      "target": "Identity Automation",
      "category": "IAM",
      "announced": "2025-03-03",
      "closed": "2025-04-01",
      "status": "closed",
      "price_usd": 215000000,
      "price_status": "disclosed",
      "price_basis": "Jamf release: about $215.0M in cash.",
      "acquirer_type": "IT, data or workflow platform",
      "deal_year": 2025,
      "target_profile": null,
      "source_url": "https://www.nasdaq.com/press-release/jamf-completes-acquisition-identity-automation-expanding-its-platform-include-dynamic"
    },
    {
      "acquirer": "CyberArk",
      "target": "Zilla Security",
      "category": "IGA",
      "announced": "2025-02-13",
      "closed": "2025-02-13",
      "status": "closed",
      "price_usd": 165000000,
      "price_status": "disclosed",
      "price_basis": "CyberArk Q4 2024 release filed on Form 6-K: $165 million in cash plus a $10 million earn-out.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2025,
      "target_profile": "/vendors/iga/zilla-security/",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1598110/000117891325000473/exhibit_99-1.htm"
    },
    {
      "acquirer": "Sectigo",
      "target": "Entrust public certificate business",
      "category": "PKI",
      "announced": "2025-01-29",
      "closed": "2025-01-29",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2025,
      "target_profile": null,
      "source_url": "https://www.sectigo.com/resource-library/sectigo-acquires-entrust-public-certificate-business"
    },
    {
      "acquirer": "JumpCloud",
      "target": "Stack Identity",
      "category": "ITDR",
      "announced": "2025-01-28",
      "closed": "2025-01-28",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2025,
      "target_profile": null,
      "source_url": "https://jumpcloud.com/press/jumpcloud-acquires-stack-identity-paving-the-way-for-identity-first-security"
    },
    {
      "acquirer": "Prove",
      "target": "Portabl",
      "category": "Decentralized identity",
      "announced": "2025-01-14",
      "closed": "2025-01-14",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2025,
      "target_profile": null,
      "source_url": "https://www.prove.com/blog/prove-acquires-portabl"
    },
    {
      "acquirer": "1Password",
      "target": "Trelica",
      "category": "IGA",
      "announced": "2025-01-07",
      "closed": "2025-01-07",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2025,
      "target_profile": null,
      "source_url": "https://1password.com/blog/1password-acquires-trelica"
    },
    {
      "acquirer": "Ping Identity",
      "target": "Procyon",
      "category": "PAM",
      "announced": null,
      "closed": "2025",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2025,
      "target_profile": "/vendors/pam/procyon/",
      "source_url": "https://securitybrief.co.uk/story/ping-identity-unveils-just-in-time-privileged-access-platform"
    },
    {
      "acquirer": "SailPoint",
      "target": "Imprivata IGA business",
      "category": "IGA",
      "announced": null,
      "closed": "2024-12-13",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2024,
      "target_profile": null,
      "source_url": "https://www.sailpoint.com/press-releases/sailpoint-imprivata-enter-strategic-partnership"
    },
    {
      "acquirer": "LexisNexis Risk Solutions",
      "target": "IDVerse",
      "category": "Identity verification",
      "announced": "2024-12-10",
      "closed": "2025-02-19",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2024,
      "target_profile": null,
      "source_url": "https://aap.com.au/aapreleases/cision20250219ae21357/"
    },
    {
      "acquirer": "Silverfort",
      "target": "Rezonate",
      "category": "ITDR",
      "announced": "2024-11-13",
      "closed": "2024-11-13",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": "Calcalist reported \"tens of millions\" of dollars; no figure recorded.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2024,
      "target_profile": "/vendors/itdr/rezonate/",
      "source_url": "https://www.prnewswire.com/in/news-releases/silverfort-acquires-rezonate-expanding-its-cloud-identity-security-offering-to-deliver-the-first-complete-identity-security-platform-302303526.html"
    },
    {
      "acquirer": "Socure",
      "target": "Effectiv",
      "category": "Identity verification",
      "announced": "2024-10-24",
      "closed": null,
      "status": "closed",
      "price_usd": 136000000,
      "price_status": "disclosed",
      "price_basis": "Socure release: $136M in cash and equity.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2024,
      "target_profile": null,
      "source_url": "https://www.socure.com/news-and-press/socure-to-acquire-effectiv-for-136m"
    },
    {
      "acquirer": "IN Groupe",
      "target": "IDEMIA Smart Identity",
      "category": "Identity verification",
      "announced": "2024-09-19",
      "closed": "2025-07-01",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Other",
      "deal_year": 2024,
      "target_profile": null,
      "source_url": "https://ingroupe.com/news/in-groupe-successfully-completes-the-acquisition-of-idemia-smart-identity-to-become-the-global-leader-in-secure-identity-solutions/"
    },
    {
      "acquirer": "Netwrix",
      "target": "PingCastle",
      "category": "ITDR",
      "announced": "2024-08-01",
      "closed": "2024-08-01",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2024,
      "target_profile": null,
      "source_url": "https://netwrix.com/en/resources/news/netwrix-acquires-pingcastle/"
    },
    {
      "acquirer": "Cloudflare",
      "target": "BastionZero",
      "category": "PAM",
      "announced": "2024-05-30",
      "closed": "2024-05-30",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Security platform",
      "deal_year": 2024,
      "target_profile": null,
      "source_url": "https://blog.cloudflare.com/cloudflare-acquires-bastionzero/"
    },
    {
      "acquirer": "CyberArk",
      "target": "Venafi",
      "category": "Machine identity",
      "announced": "2024-05-20",
      "closed": "2024-10-01",
      "status": "closed",
      "price_usd": 1540000000,
      "price_status": "disclosed",
      "price_basis": "CyberArk: about $1 billion in cash plus about $540 million in shares.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2024,
      "target_profile": "/vendors/machine-identity/venafi/",
      "source_url": "https://www.thomabravo.com/press-releases/cyberark-completes-acquisition-of-machine-identity-management-leader-venafi"
    },
    {
      "acquirer": "Permira",
      "target": "BioCatch",
      "category": "Identity verification",
      "announced": "2024-05-02",
      "closed": "2024-09-09",
      "status": "closed",
      "price_usd": 1300000000,
      "price_status": "disclosed",
      "price_basis": "Permira: majority position at a $1.3 billion valuation. This is the enterprise valuation, not the price paid for the stake.",
      "acquirer_type": "Private equity",
      "deal_year": 2024,
      "target_profile": "/vendors/identity-verification/biocatch/",
      "source_url": "https://www.permira.com/news-and-insights/announcements/permira-completes-acquisition-of-majority-position-in-biocatch-at-13-billion-valuation"
    },
    {
      "acquirer": "IBM",
      "target": "HashiCorp",
      "category": "Machine identity",
      "announced": "2024-04-24",
      "closed": "2025-02-27",
      "status": "closed",
      "price_usd": 6400000000,
      "price_status": "disclosed",
      "price_basis": "IBM release: $35 per share, $6.4 billion enterprise value.",
      "acquirer_type": "IT, data or workflow platform",
      "deal_year": 2024,
      "target_profile": "/vendors/machine-identity/hashicorp-vault/",
      "source_url": "https://newsroom.ibm.com/2025-02-27-ibm-completes-acquisition-of-hashicorp,-creates-comprehensive,-end-to-end-hybrid-cloud-platform"
    },
    {
      "acquirer": "WorkOS",
      "target": "Warrant",
      "category": "Authorization",
      "announced": "2024-04-23",
      "closed": "2024",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2024,
      "target_profile": "/vendors/authorization/warrant/",
      "source_url": null
    },
    {
      "acquirer": "BeyondTrust",
      "target": "Entitle",
      "category": "PAM",
      "announced": "2024-04-16",
      "closed": "2024-04-16",
      "status": "closed",
      "price_usd": 150000000,
      "price_status": "reported",
      "price_basis": "Globes, citing sources: nearly $150M.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2024,
      "target_profile": null,
      "source_url": "https://www.entitle.io/resource/beyondtrust-acquires-entitle"
    },
    {
      "acquirer": "Delinea",
      "target": "Fastpath",
      "category": "IGA",
      "announced": "2024-02-21",
      "closed": "2024-04-02",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2024,
      "target_profile": null,
      "source_url": "https://delinea.com/news/delinea-completes-acquisition-of-fastpath-modernize-identity-security"
    },
    {
      "acquirer": "Entrust",
      "target": "Onfido",
      "category": "Identity verification",
      "announced": "2024-02-07",
      "closed": "2024-04-09",
      "status": "closed",
      "price_usd": 400000000,
      "price_status": "reported",
      "price_basis": "Entrust did not disclose terms. TechCrunch, citing sources, reported more than $400M; price_usd is that lower bound.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2024,
      "target_profile": "/vendors/identity-verification/onfido/",
      "source_url": "https://ffnews.com/news/entrust-completes-acquisition-of-onfido"
    },
    {
      "acquirer": "Delinea",
      "target": "Authomize",
      "category": "ITDR",
      "announced": "2024-01-09",
      "closed": "2024-01-09",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": "Calcalist reported \"several tens of millions\" of dollars; no figure recorded.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2024,
      "target_profile": null,
      "source_url": "https://delinea.com/blog/delinea-acquires-authomize-detect-mitigate-identity-threats"
    },
    {
      "acquirer": "SonicWall",
      "target": "Banyan Security",
      "category": "Zero trust",
      "announced": null,
      "closed": "2023-12-26",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Security platform",
      "deal_year": 2023,
      "target_profile": "/vendors/zero-trust/banyan-security/",
      "source_url": "https://www.securityinfowatch.com/cybersecurity/press-release/53081621/sonicwall-accelerates-sase-offerings-acquires-cloud-security-provider"
    },
    {
      "acquirer": "Okta",
      "target": "Spera Security",
      "category": "ITDR",
      "announced": "2023-12-19",
      "closed": "2024-02-01",
      "status": "closed",
      "price_usd": 58000000,
      "price_status": "disclosed",
      "price_basis": "Okta 10-Q (quarter to 2024-04-30): $58M purchase consideration in cash. Calcalist had reported $100M to $130M.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2023,
      "target_profile": null,
      "source_url": "https://www.sec.gov/Archives/edgar/data/1660134/000166013424000088/okta-20240430.htm"
    },
    {
      "acquirer": "Tenable",
      "target": "Ermetic",
      "category": "CIEM",
      "announced": "2023-09-07",
      "closed": "2023-10-02",
      "status": "closed",
      "price_usd": 265000000,
      "price_status": "disclosed",
      "price_basis": "Tenable 8-K: $240M in cash plus $25M in restricted stock and RSUs.",
      "acquirer_type": "Security platform",
      "deal_year": 2023,
      "target_profile": "/vendors/ciem/tenable-cloud-security/",
      "source_url": "https://www.tenable.com/press-releases/tenable-completes-acquisition-of-ermetic"
    },
    {
      "acquirer": "SailPoint",
      "target": "Osirium",
      "category": "PAM",
      "announced": "2023-08-30",
      "closed": "2023-10-30",
      "status": "closed",
      "price_usd": null,
      "price_status": "disclosed",
      "price_basis": "UK Rule 2.7 offer at 2.35p per share, about GBP 3.11M of equity; disclosed in GBP only, so no USD figure is recorded.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2023,
      "target_profile": "/vendors/pam/osirium/",
      "source_url": "https://www.sailpoint.com/press-releases/sailpoint-closes-osirium-acquisition"
    },
    {
      "acquirer": "Check Point",
      "target": "Perimeter 81",
      "category": "Zero trust",
      "announced": "2023-08-10",
      "closed": "2023-09-13",
      "status": "closed",
      "price_usd": 490000000,
      "price_status": "disclosed",
      "price_basis": "Check Point release: approximately $490 million, cash free and debt free.",
      "acquirer_type": "Security platform",
      "deal_year": 2023,
      "target_profile": "/vendors/zero-trust/perimeter-81/",
      "source_url": "https://www.checkpoint.com/press-releases/check-point-to-acquire-perimeter-81-to-deliver-the-fastest-and-most-secure-sase-solution-in-the-industry/"
    },
    {
      "acquirer": "Cisco",
      "target": "Oort",
      "category": "ITDR",
      "announced": "2023-07-13",
      "closed": "2023-08-31",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Security platform",
      "deal_year": 2023,
      "target_profile": null,
      "source_url": "https://docs.oort.io/blogs/cisco-announces-intent-to-acquire-oort"
    },
    {
      "acquirer": "1Password",
      "target": "Passage",
      "category": "CIAM",
      "announced": "2022-11-03",
      "closed": "2022-11-03",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2022,
      "target_profile": "/vendors/ciam/passage/",
      "source_url": "https://www.helpnetsecurity.com/2022/11/04/1password-passage/"
    },
    {
      "acquirer": "Thoma Bravo",
      "target": "ForgeRock",
      "category": "IAM",
      "announced": "2022-10-11",
      "closed": "2023-08-23",
      "status": "closed",
      "price_usd": 2300000000,
      "price_status": "disclosed",
      "price_basis": "Thoma Bravo release: $23.25 per share, about $2.3 billion.",
      "acquirer_type": "Private equity",
      "deal_year": 2022,
      "target_profile": "/vendors/iam/forgerock/",
      "source_url": "https://www.thomabravo.com/press-releases/thoma-bravo-completes-acquisition-of-forgerock-combines-forgerock-into-ping-identity"
    },
    {
      "acquirer": "One Identity",
      "target": "OneLogin",
      "category": "IAM",
      "announced": null,
      "closed": "2021-10-01",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Identity vendor",
      "deal_year": 2021,
      "target_profile": "/vendors/iam/onelogin/",
      "source_url": "https://www.infosecurity-magazine.com/news/one-identity-acquires-onelogin/"
    },
    {
      "acquirer": "Orell Fussli",
      "target": "Procivis",
      "category": "Decentralized identity",
      "announced": "2021-09-13",
      "closed": null,
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": null,
      "acquirer_type": "Other",
      "deal_year": 2021,
      "target_profile": "/vendors/decentralized-identity/procivis/",
      "source_url": "https://www.eqs-news.com/company/orell-fussli-ag/news/77c69005-759a-1014-9f78-26ea16257b19"
    },
    {
      "acquirer": "Keyfactor",
      "target": "PrimeKey",
      "category": "PKI",
      "announced": "2021-04-15",
      "closed": "2021",
      "status": "closed",
      "price_usd": null,
      "price_status": "undisclosed",
      "price_basis": "Announced as a merger alongside a $125M Insight Partners investment in Keyfactor; no price for PrimeKey.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2021,
      "target_profile": null,
      "source_url": "https://www.keyfactor.com/press-releases/keyfactor-and-primekey-merge-to-bring-machine-identity-management-to-the-mainstream/"
    },
    {
      "acquirer": "Okta",
      "target": "Auth0",
      "category": "CIAM",
      "announced": "2021-03-03",
      "closed": "2021-05-03",
      "status": "closed",
      "price_usd": 6500000000,
      "price_status": "disclosed",
      "price_basis": "Okta 8-K: stock transaction valued at approximately $6.5 billion.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2021,
      "target_profile": "/vendors/ciam/auth0/",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1660134/000119312521067561/d149091dex991.htm"
    },
    {
      "acquirer": "Cisco",
      "target": "Duo Security",
      "category": "MFA",
      "announced": "2018-08-02",
      "closed": "2018-10-01",
      "status": "closed",
      "price_usd": 2350000000,
      "price_status": "disclosed",
      "price_basis": "Cisco announcement: $2.35B in cash and assumed equity awards, as reported by TechCrunch.",
      "acquirer_type": "Security platform",
      "deal_year": 2018,
      "target_profile": "/vendors/mfa/duo/",
      "source_url": "https://techcrunch.com/2018/08/02/cisco-is-buying-duo-security-for-2-35b-in-cash/"
    },
    {
      "acquirer": "CyberArk",
      "target": "Conjur",
      "category": "Secrets",
      "announced": "2017-05-11",
      "closed": "2017-05-11",
      "status": "closed",
      "price_usd": 42000000,
      "price_status": "disclosed",
      "price_basis": "CyberArk release filed on Form 6-K: $42 million in cash.",
      "acquirer_type": "Identity vendor",
      "deal_year": 2017,
      "target_profile": "/vendors/secrets/cyberark-conjur/",
      "source_url": "https://en.globes.co.il/en/article-cyberark-buys-us-devops-co-conjur-for-42m-1001188331"
    },
    {
      "acquirer": "ASSA ABLOY",
      "target": "HID Global",
      "category": "PKI",
      "announced": "2000-11-06",
      "closed": null,
      "status": "closed",
      "price_usd": 250000000,
      "price_status": "disclosed",
      "price_basis": "ASSA ABLOY press release 18/00: USD 250M, plus a possible USD 30M earn-out.",
      "acquirer_type": "Other",
      "deal_year": 2000,
      "target_profile": "/vendors/pki/hid-global/",
      "source_url": "https://mb.cision.com/Main/7333/9468621/161710.pdf"
    }
  ]
}