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CyberArk

From Wikipedia, the free encyclopedia
CyberArk Software Ltd.
TypeSubsidiary
IndustrySoftware
Founded1999; 27 years ago (1999)
Founders
Headquarters
Petach-Tikva
,
Israel
Key people
ProductsPrivileged Account Security
RevenueIncrease US$1.00 billion (2024)
Negative increase US$−73 million (2024)
Decrease US$−93 million (2024)
Total assetsIncrease US$3.34 billion (2024)
Total equityIncrease US$2.37 billion (2024)
Number of employees
3,793 (2024)
ParentPalo Alto Networks (2026–present)
Websitecyberark.com
Footnotes
[1]

CyberArk Software Ltd. is an Israeli information security company and a subsidiary of Palo Alto Networks 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, with its United States headquarters located in Newton, MA.[2][3] The company also has offices throughout the Americas, EMEA, Asia Pacific, and Japan.[4]

History

[edit]

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]

On July 30, 2025, Palo Alto Networks announced it would buy CyberArk for $25 billion.[13][14] The acquisition, which was closed in February 2026, was immediately followed by employee cuts that affect approximately over 10% of CyberArk both Israeli and global staff.[15]

Acquisitions
Date Company Business Country Value Ref
In August 2015 Cybertinel Threat detection Israel $20 million [16]
October 2015 Viewfinity Privilege management and application control United States $39.5 million [17]
In March 2016 Agata Solutions Deep packet inspection Israel $3.1 million [18][19]
May 2017 Conjur Inc. Cyber security United States $42 million [20]
March 2018 Vaultive Cloud security United States Unknown [21][22]
May 2020 Idaptive Zero trust security $70 million [23]
March 2022 Aapi, Inc. Identity and access management United States $17.7 million [24][25]
August 2022 C3M Cloud security management United States $28.3 million [26][27]
October 2024 Venafi Machine identity management $1.54 billion [28][29][30]
February 2025 Zilla Security Identity governance and administration up to $175 million [31]

Products

[edit]

It sells subscriptions to what it has titled an Identity Security Platform.[32] 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.[33]

References

[edit]
  1. ↑ "2024 Annual Report (Form 20-F)". U.S. Securities and Exchange Commission. 12 March 2025.
  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. ↑ "Palo Alto to scoop up CyberArk for $25 billion to tackle AI-era threats". Reuters. 2025-07-30. Retrieved 2025-07-30.
  14. ↑ Alspach, Kyle (30 July 2025). "Palo Alto Networks To Acquire CyberArk For $25B In Identity Security Push". CRN. Retrieved 13 April 2026.
  15. ↑ Meir Orbach (2026-02-12). "Palo Alto Networks lays off hundreds of CyberArk employees one day after completing $25 billion acquisition". calcalistech.com.
  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. ↑ Sredni, Yonatan (2016-03-10). "CyberArk Acquires 3rd Israeli Startup, Agata Solutions". NoCamels. Retrieved 2025-02-20.
  19. ↑ "CyberArk Software, Ltd. acquired assets of Agata Solutions for $3.1 million". MarketScreener. 2016-03-09. Retrieved 2025-02-20.
  20. ↑ O’Brien, Kelly J. (2017-05-12). "CyberArk acquires a Newton cybersecurity firm for $42M". Boston Business Journal.
  21. ↑ Novinson, Michael (12 March 2018). "CyberArk Buys Vaultive To Strengthen Cloud Security". CRN. Retrieved 13 April 2026.
  22. ↑ O’Brien, Kelly J. (2018-03-12). "Newton-based CyberArk continues string of local security acquisitions". Boston Business Journal.
  23. ↑ 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.
  24. ↑ "CyberArk Impact 2022 Delivers Big News and Innovation". StartupHub.ai. 2022-03-20. Retrieved 2025-02-20.
  25. ↑ Bradley, Tony (2022-07-14). "Newton-based CyberArk continues string of local security acquisitions". TechSpective. Retrieved 2025-02-20.
  26. ↑ "CyberArk Software Ltd. acquired C3M, LLC". MarketScreener. 2022-08-09. Retrieved 2025-02-20.
  27. ↑ Masters, Jim (2022-08-12). "Identity Security Company CyberArk Acquires Cloud Security Specialist C3M". MSSP Alert. Retrieved 2025-02-20.
  28. ↑ Shulman, Sophie (2024-05-20). "CyberArk makes bold move with $1.54 billion acquisition of Venafi". CTech. Retrieved 2024-05-20.
  29. ↑ "CyberArk enhances machine identity security with acquisition of Venafi". Fintech Global. 2024-10-02.
  30. ↑ "Cybersecurity company CyberArk to acquire Venafi in $1.5 bln deal". Reuters. 2024-05-20.
  31. ↑ Sawers, Paul (2025-02-13). "CyberArk snaps up Zilla Security for up to $175M". TechCrunch. Retrieved 2025-02-20.
  32. ↑ Riley, Duncan (2024-08-08), CyberArk tops earnings estimates, revises outlook as subscription revenue surges, Silicon Angle
  33. ↑ D'Mello, Sandya (October 22, 2015), Redington Value, CyberArk tie up, Khaleej Times
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