CyberArk

CyberArk was founded in 1999 in Israel{{Cite web |last=Alspach |first=Kyle |date=13 October 2023 |title=CyberArk's Operations Are Resilient Amid Israel-Hamas War: CEO |url=https://www.crn.com/news/security/cyberark-s-operations-are-resilient-amid-israel-hamas-war-ceo |work=CRN}}{{Cite web |last=Annear |first=Steve |date=20 November 2014 |title=Suburbs Trying to Woo Israeli Businesses With Designated Tech and Startup Sector |url=https://www.bostonmagazine.com/news/2014/11/20/suburbs-trying-woo-israeli-businesses-designated-tech-startup-sector/ |work=Boston}} by Udi Mokady{{Cite web |title=Udi Mokady to Step into Executive Chair Role and Matt Cohen to Become CEO |url=https://www.cyberark.com/resources/blog/udi-mokady-steps-into-executive-chair-role-and-matt-cohen-to-become-ceo |access-date=2023-05-23 |website=www.cyberark.com |language=en}} 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.{{cite web |last=Ogg |first=Jon C. |title=24/7 Wall St: CyberArk Files for IPO: New Data Security Growth |url=http://247wallst.com/technology-3/2014/06/24/cyberark-files-for-ipo-new-data-security-growth/ |publisher=24/7 Wall St. |date=2024-06-24 |access-date=2025-02-20}} CyberArk became a public company the same year, trading on the NASDAQ as CYBR.{{cite news |last=Coppola |first=Gabrielle |title=Bloomberg: CyberArk Breaks Israel's Security IPO Silence With Surge |url=https://www.bloomberg.com/news/2014-09-24/cyberark-rallies-69-after-pricing-shares-above-targeted-range.html |website=Bloomberg News |date=2014-09-24 |access-date=2025-02-20}}

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.{{Cite news |title=CyberArk expands R&D center in Beersheba |publisher=The Jerusalem Post |url=https://www.jpost.com/business-and-innovation/tech-and-start-ups/article-704323 |date=2022-04-16}}

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.{{cite press release |title=CyberArk Announces Planned Executive Changes |url=https://www.businesswire.com/news/home/20230208006025/en/CyberArk-Announces-Planned-Executive-Changes |location=Newton, Mass. |publisher=Business Wire |date=2023-02-09 |access-date=2025-02-20}}{{Cite news |last=Novinson |first=Michael |title=CyberArk Promotes COO Matt Cohen to Replace CEO Udi Mokady |url=https://www.bankinfosecurity.com/cyberark-promotes-coo-matt-cohen-to-replace-ceo-udi-mokady-a-21159 |publisher=BankInfoSecurity |date=2023-02-09 |access-date=2025-02-20}}

In September 2023, CyberArk announced new details about its upcoming Artificial Intelligence Center of Excellence, designed in part by CyberArk Labs.{{Citation |last=Sharma |first=Guarav |date=2023-09-08 |title=CyberArk unveils AI Center of Excellence for cybersecurity |publisher=Security Brief |url=https://securitybrief.com.au/story/cyberark-unveils-ai-center-of-excellence-for-cybersecurity }}

In August 2024, it announced annual revenue of $868 million. Subscription revenue made up 78% of that amount.{{Citation |last=Riley |first=Duncan |title=CyberArk tops earnings estimates, revises outlook as subscription revenue surges |publisher=Silicon Angle |url=https://siliconangle.com/2024/08/08/cyberark-tops-estimates-second-quarter-revises-outlook-subscription-revenue-surges/ |date=2024-08-08}}{{Cite web |last=Lewis |first=Derek |title=Bull of the Day: CyberArk Software (CYBR) |url=https://finance.yahoo.com/news/bull-day-cyberark-software-cybr-090000471.html |website=Yahoo! Finance |date=2024-10-29 |access-date=2025-02-20}}

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.{{Cite news |title=CyberArk buys Israeli cyber detection co Cybertinel |url=https://en.globes.co.il/en/article-cyberark-acquires-israeli-cyber-detection-co-cybertinel-1001060397 |date=2015-08-12 |publisher=Globes |access-date=2025-02-20}}

In October 2015, CyberArk acquired Viewfinity, a private Massachusetts-based company which specialized in privilege management and application control software, for $39.5 million.{{Cite news |title=CyberArk buys software co Viewfinity for $30.5m |url=https://en.globes.co.il/en/article-cyberark-buys-israeli-software-co-viewfinity-for-305m-1001071941 |date=2015-10-07 |publisher=Globes |access-date=2016-05-21}}

In March 2016, CyberArk acquired Agata Solutions, an Israel-based startup which developed Deep Packet Inspection (DPI) security solutions, for $3.1 million.{{Cite news |title=CyberArk Software, Ltd. acquired assets of Agata Solutions for $3.1 million. |url=https://www.marketscreener.com/quote/stock/CYBERARK-SOFTWARE-LTD-18052696/news/CyberArk-Software-Ltd-acquired-assets-of-Agata-Solutions-for-3-1-million-38069340/ |date=2016-03-09 |publisher=MarketScreener |access-date=2025-02-20}}{{Cite news |last=Sredni |first=Yonatan |title=CyberArk Acquires 3rd Israeli Startup, Agata Solutions |url=https://nocamels.com/2016/03/cyberark-agata-cyber-security/ |date=2016-03-10 |publisher=NoCamels |access-date=2025-02-20}}

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.{{Cite news |last=O’Brien |first=Kelly J. |title=CyberArk acquires a Newton cybersecurity firm for $42M |url=https://www.bizjournals.com/boston/news/2017/05/12/cyberark-acquires-a-newton-cybersecurity-firm-for.html |date=2017-05-12 |publisher=Boston Business Journal}}

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.{{Cite news |last=O’Brien |first=Kelly J. |title=Newton-based CyberArk continues string of local security acquisitions |url=https://www.bizjournals.com/boston/news/2018/03/12/newton-based-cyberark-continues-string-of-local.html |date=2018-03-12 |publisher=Boston Business Journal}}

In May 2020, CyberArk acquired Idaptive, a startup which focused on a zero trust (ZT) approach to identity security, for $70 million.{{Cite news |last=Whittaker |first=Zack |title=CyberArk snaps up identity startup Idaptive for $70M |url=https://techcrunch.com/2020/05/13/cyberark-snaps-up-identity-startup-idaptive-for-70m/ |publisher=TechCrunch |language=en-US |date=2020-05-13 |access-date=2020-05-21 |archive-date=2022-05-10 |archive-url=https://web.archive.org/web/20220510181506/http://techcrunch.com/2020/05/13/cyberark-snaps-up-identity-startup-idaptive-for-70m/|url-status=live}}

In March 2022, CyberArk acquired Aapi, Inc., an Irvine, California based startup focused on automating identity and access management, for $17.7 million.{{Cite web |title=CyberArk Impact 2022 Delivers Big News and Innovation |url=https://www.startuphub.ai/ai-exit-events/cyberark-startup-acquisition/ |date=2022-03-20 |website=StartupHub.ai |access-date=2025-02-20}}{{Cite news |last=Bradley |first=Tony |title=Newton-based CyberArk continues string of local security acquisitions |url=https://techspective.net/2022/07/14/cyberark-impact-2022-delivers-big-news-and-innovation/ |date=2022-07-14 |publisher=TechSpective |access-date=2025-02-20}}

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.{{Cite news |title=CyberArk Software Ltd. acquired C3M, LLC. |url=https://www.marketscreener.com/quote/stock/CYBERARK-SOFTWARE-LTD-18052696/news/CyberArk-Software-Ltd-acquired-C3M-LLC-41304172/ |date=2022-08-09 |publisher=MarketScreener |access-date=2025-02-20}}{{Cite news |last=Masters |first=Jim |title=Identity Security Company CyberArk Acquires Cloud Security Specialist C3M |url=https://www.msspalert.com/news/cyberark-an-identity-security-company-has-acquired-cloud-security-specialist-c3m |date=2022-08-12 |publisher=MSSP Alert |access-date=2025-02-20}}

In October 2024, CyberArk completed its acquisition of Venafi, a machine identity management company,{{Cite news |title=CyberArk enhances machine identity security with acquisition of Venafi |url=https://fintech.global/2024/10/02/cyberark-enhances-machine-identity-security-with-acquisition-of-venafi/ |date=2024-10-02 |publisher=Fintech Global}} from the investment firm Thoma Bravo for around $1.54 billion.{{cite news |last=Shulman |first=Sophie |title=CyberArk makes bold move with $1.54 billion acquisition of Venafi |url=https://www.calcalistech.com/ctechnews/article/syvkfndqc |publisher=CTech |date=2024-05-20 |accessdate=2024-05-20}}{{Cite news |title=Cybersecurity company CyberArk to acquire Venafi in $1.5 bln deal |url=https://www.reuters.com/markets/deals/cyberark-acquire-venafi-15-bln-deal-2024-05-20/ |date=2024-05-20 |publisher=Reuters}}

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.{{Cite news |last=Sawers |first=Paul |title=CyberArk snaps up Zilla Security for up to $175M |url=https://techcrunch.com/2025/02/13/cyberark-snaps-up-zilla-security-for-up-to-175m/ |publisher=TechCrunch |date=2025-02-13 |access-date=2025-02-20}}

It sells subscriptions to what it has titled an Identity Security Platform. 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.{{Citation |last=D'Mello |first=Sandya |date=October 22, 2015 |title=Redington Value, CyberArk tie up |publisher=Khaleej Times |url=https://www.khaleejtimes.com/tech/redington-value-cyberark-tie-up }}

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Category:Companies listed on the Nasdaq

Category:Software companies of Israel

Category:Software companies of the United States

Category:1999 establishments in Israel

Category:Software companies established in 1999

Category:Companies established in 1999

Category:Companies based in Petah Tikva

Category:2014 initial public offerings