Merger Notification - Announcement according to § 10 Cartel Act
Palo Alto Networks, Inc.; CyberArk Software Ltd
BWB/Z-7155
On 25.11.2025 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Palo Alto Networks, Inc. intends to indirectly acquire all shares of and sole control over CyberArk Software Ltd.
The concentration concerns cybersecurity solutions, in particular enterprise security software.
ÖNACE 2025 Code: Computer programming activities.
K - TELECOMMUNICATION, COMPUTER PROGRAMMING, CONSULTING, COMPUTING INFRASTRUCTURE AND OTHER INFORMATION SERVICE ACTIVITIES K 62 - Computer programming, consultancy and related activities, K 62.1 - Computer programming activities, K 62.10 - Computer programming activities
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 23.12.2025.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 24.12.2025 .