CyberArk Software Ltd. is an Israeli publicly traded information security company offering identity management. The company's technology is utilized primarily in the financial services, energy, retail, healthcare and government markets. CyberArk is headquartered in Petach-Tikva.[2][3] The company also has offices throughout the Americas, EMEA, Asia Pacific and Japan.[4]

History

CyberArk was founded in 1999 in Israel[5][6] by Udi Mokady[7] and Alon N. Cohen.

In June 2014, CyberArk filed for an initial public offering (IPO) with the Securities and Exchange Commission, listing 2013 revenues of $66.2 million.[8] CyberArk became a public company the same year, trading on the NASDAQ as CYBR.[9]

In April 2022, it announced the expansion of its R&D center at the Gav-Yam Negev Tech Park in Beersheba, which it had opened in May 2021.[10]

In February 2023, CyberArk announced that Udi Mokady, who had led the company as CEO since November 2005, would transition out of that role and become executive chair of the company's board, with Matt Cohen taking over the reins as CEO after previously serving as CRO and COO since joining the company in 2019; this transition became effective in April 2023.[11][12]

In September 2023, CyberArk announced new details about its upcoming Artificial Intelligence Center of Excellence, designed in part by CyberArk Labs.[13]

In August 2024, it announced annual revenue of $886 million. Subscription revenue made up 78% of that amount.[14][15]

Acquisitions

In the years following its 2014 IPO, CyberArk has embarked on a string of acquisitions.

In August 2015, CyberArk acquired Cybertinel, an Israel-based company focused on threat detection, for an estimated $20 million.[16]

In October 2015, CyberArk acquired Viewfinity, a private Massachusetts-based company which specialized in privilege management and application control software, for $39.5 million.[17]

In March 2016, CyberArk acquired Agata Solutions, an Israel-based startup which developed Deep Packet Inspection (DPI) security solutions, for $3.1 million.[18][19]

In May 2017, CyberArk acquired Conjur Inc., a Massachusetts-based cybersecurity company which secured access for software development and IT teams that are building cloud-based software, for $42 million.[20]

In March 2018, CyberArk acquired the assets of Vaultive, a Boston-based cloud security provider. Twenty Vaultive employees, most from the company's research and development team, joined CyberArk.[21]

In May 2020, CyberArk acquired Idaptive, a startup which focused on a zero trust (ZT) approach to identity security, for $70 million.[22]

In March 2022, CyberArk acquired Aapi, Inc., an Irvine, California based startup focused on automating identity and access management, for $17.7 million.[23][24]

In August 2022, CyberArk acquired C3M, a San Francisco, CA based startup which developed an API-based Cloud Security Posture Management (CPSM) solution, for $28.3 million.[25][26]

In October 2024, CyberArk completed its acquisition of Venafi, a machine identity management company,[27] from the investment firm Thoma Bravo for around $1.54 billion.[28][29]

In February 2025, CyberArk acquired Zilla Security, which focused on Identity Governance and Administration (IGA), in a deal for $165 million in cash and an additional $10 million earnout contingent on performance milestones.[30]

Products

It sells subscriptions to what it has titled an Identity Security Platform.[14] Among other products, as of 2015 it has a Privileged Account Security Platform to "privileged accounts and an organisation' sensitive information." The platform aims to stop hackers from entering computer systems via either a breach of administrator or key account holder privileges.[31]

References

  1. ^ "2023 Annual Report (Form 20-F)". U.S. Securities and Exchange Commission. 13 March 2024.
  2. ^ Wrobel, Sharon (20 May 2024). "Israel's CyberArk inks deal to buy US cybersecurity firm for $1.54 billion". The Times of Israel.
  3. ^ "Investor FAQs: Where is CyberArk's corporate headquarters?". CyberArk. Retrieved 17 June 2024.
  4. ^ "CyberArk". World Economic Forum. Retrieved 2022-12-22.
  5. ^ Alspach, Kyle (13 October 2023). "CyberArk's Operations Are Resilient Amid Israel-Hamas War: CEO". CRN.
  6. ^ Annear, Steve (20 November 2014). "Suburbs Trying to Woo Israeli Businesses With Designated Tech and Startup Sector". Boston.
  7. ^ "Udi Mokady to Step into Executive Chair Role and Matt Cohen to Become CEO". www.cyberark.com. Retrieved 2023-05-23.
  8. ^ Ogg, Jon C. (2024-06-24). "24/7 Wall St: CyberArk Files for IPO: New Data Security Growth". 24/7 Wall St. Retrieved 2025-02-20.
  9. ^ Coppola, Gabrielle (2014-09-24). "Bloomberg: CyberArk Breaks Israel's Security IPO Silence With Surge". Bloomberg News. Retrieved 2025-02-20.
  10. ^ "CyberArk expands R&D center in Beersheba". The Jerusalem Post. 2022-04-16.
  11. ^ "CyberArk Announces Planned Executive Changes" (Press release). Newton, Mass.: Business Wire. 2023-02-09. Retrieved 2025-02-20.
  12. ^ Novinson, Michael (2023-02-09). "CyberArk Promotes COO Matt Cohen to Replace CEO Udi Mokady". BankInfoSecurity. Retrieved 2025-02-20.
  13. ^ Sharma, Guarav (2023-09-08), CyberArk unveils AI Center of Excellence for cybersecurity, Security Brief
  14. ^ a b Riley, Duncan (2024-08-08), CyberArk tops earnings estimates, revises outlook as subscription revenue surges, Silicon Angle
  15. ^ Lewis, Derek (2024-10-29). "Bull of the Day: CyberArk Software (CYBR)". Yahoo! Finance. Retrieved 2025-02-20.
  16. ^ "CyberArk buys Israeli cyber detection co Cybertinel". Globes. 2015-08-12. Retrieved 2025-02-20.
  17. ^ "CyberArk buys software co Viewfinity for $30.5m". Globes. 2015-10-07. Retrieved 2016-05-21.
  18. ^ "CyberArk Software, Ltd. acquired assets of Agata Solutions for $3.1 million". MarketScreener. 2016-03-09. Retrieved 2025-02-20.
  19. ^ Sredni, Yonatan (2016-03-10). "CyberArk Acquires 3rd Israeli Startup, Agata Solutions". NoCamels. Retrieved 2025-02-20.
  20. ^ O’Brien, Kelly J. (2017-05-12). "CyberArk acquires a Newton cybersecurity firm for $42M". Boston Business Journal.
  21. ^ O’Brien, Kelly J. (2018-03-12). "Newton-based CyberArk continues string of local security acquisitions". Boston Business Journal.
  22. ^ Whittaker, Zack (2020-05-13). "CyberArk snaps up identity startup Idaptive for $70M". TechCrunch. Archived from the original on 2022-05-10. Retrieved 2020-05-21.
  23. ^ "CyberArk Impact 2022 Delivers Big News and Innovation". StartupHub.ai. 2022-03-20. Retrieved 2025-02-20.
  24. ^ Bradley, Tony (2022-07-14). "Newton-based CyberArk continues string of local security acquisitions". TechSpective. Retrieved 2025-02-20.
  25. ^ "CyberArk Software Ltd. acquired C3M, LLC". MarketScreener. 2022-08-09. Retrieved 2025-02-20.
  26. ^ Masters, Jim (2022-08-12). "Identity Security Company CyberArk Acquires Cloud Security Specialist C3M". MSSP Alert. Retrieved 2025-02-20.
  27. ^ "CyberArk enhances machine identity security with acquisition of Venafi". Fintech Global. 2024-10-02.
  28. ^ Shulman, Sophie (2024-05-20). "CyberArk makes bold move with $1.54 billion acquisition of Venafi". CTech. Retrieved 2024-05-20.
  29. ^ "Cybersecurity company CyberArk to acquire Venafi in $1.5 bln deal". Reuters. 2024-05-20.
  30. ^ Sawers, Paul (2025-02-13). "CyberArk snaps up Zilla Security for up to $175M". TechCrunch. Retrieved 2025-02-20.
  31. ^ D'Mello, Sandya (October 22, 2015), Redington Value, CyberArk tie up, Khaleej Times
Allikas: https://en.wikipedia.org/wiki/CyberArk
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