May 20 (Reuters) - CyberArk said on Monday it

will acquire cybersecurity firm Venafi from equity firm Thoma

Bravo in a deal valued at around $1.54 billion.

The firm will acquire Venafi in a combination of $1 billion

in cash and around $540 million in stock, and expects the deal

to close in the second half of 2024.

Venafi is also expected to add around $150 million in

annual recurring revenue and will be accretive to CyberArk's

margins immediately, the company said.