CyberArk
 | |
 CyberArk's headquarters in Newton, MA, USA | |
| Public | |
| Traded as | NASDAQ: CYBR |
| Industry | Software |
| Founded | 1999 |
| Headquarters | Newton, Massachusetts, United States |
Key people | Alon N. Cohen, Founder, former Chairman and CEO |
| Products | Privileged Account Security |
| Revenue | $261.7 million (2017) |
| $51.9 million (2017) | |
| $41.9 million (2017) | |
Number of employees | 1,077 (at the end of Q2 2018) |
| Website | www.CyberArk.com |
CyberArk is a publicly traded[1] 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 August 7, 2018, CyberArk had over 4,000 customers, including more than 50 percent of the Fortune 100.[2] 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.
History
CyberArk was founded in Israel in 1999 by Alon N. Cohen and current CEO Udi Mokady,[3] a 2014 EY Entrepreneur Of The Year,[4] 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.[5]
In June 2014, CyberArk filed for an IPO with the Securities and Exchange Commission, listing 2013 revenues of $66.2 million.[6] CyberArk became a public company the same year, trading on the NASDAQ as CYBR.[7] In 2015, CyberArk announced plans to acquire the privately held Massachusetts-based company Viewfinity which specialized in privilege management and application control software.[8] 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.[9]
On April 9th 2018, vulnerabilities including a remote code vulnerability was found and disclosed by RedTeam Pentesting GmbH. CyberArk acknowledged the flaw and remediated it by releasing a patch.
References
- ↑ "CyberArk Software Ltd. Ordinary Shares (CYBR)". NASDAQ.com. Retrieved 2017-03-23.
- ↑ "CyberArk Software Ltd (CYBR) CEO Udi Mokady on Q2 2018 Results - Earnings Call Transcript". Seeking Alpha. August 7, 2018.
- ↑ SearchCIO "Congressman Prepares for Cyberwar, Calls on IT Experts," July 2014
- ↑ "EY Entrepreneur Of The Year Awards in New England 2014 Winners".
- ↑ "Website:CyberArk Shared Technology Platform".
- ↑ "24/7 Wall St: CyberArk Files for IPO: New Data Security Growth".
- ↑ "Bloomberg: CyberArk Breaks Israel's Security IPO Silence With Surge".
- ↑ "After buying Viewfinity for $30.5M, CyberArk is the newest underdog Israeli unicorn". geektime.com. 2015-10-07. Retrieved 2016-05-21.
- ↑ "CyberArk acquires a Newton cybersecurity firm for $42M". Boston Business Journal. May 12, 2017.
External links
- https://thehackernews.com/2018/04/enterprise-password-vault.html
- 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