CyberArk is a publicly traded information security company offering Privileged Account Security. The company's technology is utilized primarily in the financial services, energy, retail and healthcare markets. As of February 15, 2018, CyberArk had over 3,650 customers, including nearly 30 percent of Global 2000 and more than half of the Fortune 100. CyberArk is headquartered in Petah Tikva, Israel, with U.S. headquarters located in Newton, Massachusetts. The company also has offices throughout the Americas, EMEA, Asia Pacific and Japan.
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History
CyberArk was founded in Israel in 1999 by Alon N. Cohen and current CEO Udi Mokady, a 2014 EY Entrepreneur Of The Year, who assembled a team of security engineers who implemented the digital vault technology (U.S. Patent 6,356,941). This technology (also known as network vault, and branded as The Digital Vault) surrounds data with eight layers of security within an existing network perimeter, creating a central repository to share and store proprietary or confidential data. Digital Vault still serves as a foundation for CyberArk's privileged account security solutions.
In June 2014, CyberArk filed for an IPO with the Securities and Exchange Commission, listing 2013 revenues of $66.2 million. CyberArk became a public company the same year, trading on the NASDAQ as CYBR. In 2015, CyberArk announced plans to acquire the privately held Massachusetts-based company Viewfinity which specialized in privilege management and application control software. In 2017, CyberArk acquired Massachusetts-based cybersecurity company Conjur Inc., which secures access for software development and IT teams that are building cloud-based software, for $42 million. Both deals were intended to help CyberArk offer more complete security solutions.
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References
External links
- Official CyberArk website
- Wall St. Journal, "The Biggest Cybersecurity Threat Just May Be Your Own Staff," June 2012
- Wall St. Journal, "Malware Targets Vulnerable Admin Accounts," June 2012
- Whitepaper "Complying with National Institute of Standards and Technology (NIST) Special Publication (SP) 800-53"
- Analyst Research "Kuppinger & Cole Product Report: Privileged Identity Management 2011"
- Redmond Magazine, "Review: Cyber-Ark Privileged ID Management Suite," April 2011
- CSO Magazine, "Too much access? Privileged Identity Management to the rescue," November 2010
Source of article : Wikipedia
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