CyberArk

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, healthcare and government markets. As of February 12, 2020 CyberArk had over 5,300 customers, including more than 50 percent of the Fortune 500 and more than 35 percent of the Global 2000.[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.

CyberArk Software, Inc.
Public
Traded asNASDAQ: CYBR
IndustrySoftware
Founded1999 (1999)
Headquarters
Newton, Massachusetts
,
United States
Key people
ProductsPrivileged Account Security
Revenue$343 million (2018)
$90 million (2018)
Number of employees
1,380 (as of Q4 2019)
Websitewww.CyberArk.com

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 the years following its IPO, CyberArk made a string of local security acquisitions intended to help it offer more complete security solutions.

  • 2015: CyberArk acquired the privately held Massachusetts-based company Viewfinity, which specialized in privilege management and application control software, for $39.5 million.[8]
  • 2017: CyberArk acquired Massachusetts-based cybersecurity company Conjur Inc., which secured access for software development and IT teams that are building cloud-based software, for $42 million.[9]
  • 2018: CyberArk acquired certain assets of Boston-based cloud security provider Vaultive. Twenty Vaultive employees, most from the company's research and development (R&D) team, joined CyberArk.[10]
  • 2019: CyberArk acquired identity startup Idaptive for $70 million.[11]

RedTeam Pentesting GmbH found a remote code and other vulnerabilities and released an advisory on April 9, 2018.[12] CyberArk received a notification of the flaw in early February and released a remedial patch later that same month.[13]

References
  1. "CyberArk Software Ltd. Ordinary Shares (CYBR)". NASDAQ.com. Retrieved 2017-03-23.
  2. "CyberArk Software Ltd. (CYBR) CEO Udi Mokady on Q4 2019 Results - Earnings Call Transcript". Seeking Alpha. February 12, 2020.
  3. SearchCIO "Congressman Prepares for Cyberwar, Calls on IT Experts," July 2014
  4. "EY Entrepreneur Of The Year Awards in New England 2014 Winners".
  5. "Website:CyberArk Shared Technology Platform".
  6. "24/7 Wall St: CyberArk Files for IPO: New Data Security Growth".
  7. "Bloomberg: CyberArk Breaks Israel's Security IPO Silence With Surge".
  8. "After buying Viewfinity for $30.5M, CyberArk is the newest underdog Israeli unicorn". geektime.com. 2015-10-07. Retrieved 2016-05-21.
  9. "CyberArk acquires a Newton cybersecurity firm for $42M". Boston Business Journal. May 12, 2017.
  10. "Newton-based CyberArk continues string of local security acquisitions". Boston Business Journal. March 12, 2018.
  11. "CyberArk snaps up identity startup Idaptive for $70M". TechCrunch. Retrieved 2020-05-21.
  12. Kumar, Mohit (2018-04-09). "Critical Code Execution Flaw Found in CyberArk Enterprise Password Vault". The Hacker News. Retrieved 2019-05-24.
  13. RedTeam Pentesting GmbH. "CyberArk Password Vault Web Access Remote Code Execution". www.redteam-pentesting.de. Retrieved 2019-05-24.
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