Palo Alto Networks weighed Datadog and Okta before buying CyberArk
Palo Alto Networks explored acquisitions of cloud-monitoring platform Datadog and identity-security firm Okta before ultimately spending about $28 billion on CyberArk and Chronosphere, a report says. Talks with Okta valued at roughly $13.5 billion stalled over price, while Datadog discussions ended sooner. Palo Alto paid $3.35 billion for Chronosphere in January 2026 and is also weighing Cribl and ClickHouse candidates, while a new AI+Chronosphere product is used by over 600 customers to detect threats within minutes.