CyberArk is a publicly traded

information security Information security, sometimes shortened to InfoSec, is the practice of protecting information by mitigating information risks. It is part of information risk management. It typically involves preventing or reducing the probability of unauthorize ...

company offering identity management. The company's technology is utilized primarily in the

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

energy In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat a ...

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and t ...

healthcare Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...

and

government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

markets. CyberArk is headquartered in U.S. headquarters located in

Newton, Massachusetts Newton is a city in Middlesex County, Massachusetts, United States. It is approximately west of downtown Boston. Newton resembles a patchwork of thirteen villages, without a city center. According to the 2020 U.S. Census, the population of Ne ...

. The company also has offices throughout the Americas, EMEA, Asia Pacific and Japan.

History

CyberArk was founded in 1999 by Alon N. Cohen and current CEO Udi Mokady who assembled a team of security engineers who implemented the digital vault technology (). In June 2014, CyberArk filed for an

Initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

(IPO) with the Securities and Exchange Commission, listing 2013 revenues of $66.2 million. CyberArk became a public company the same year, trading on the NASDAQ as CYBR. In the years following its IPO, CyberArk made a string of security acquisitions. * 2015: CyberArk acquired the private Massachusetts-based company Viewfinity, which specialized in privilege management and application control software, for $39.5 million. * 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. * 2018: CyberArk acquired assets of Boston-based cloud security provider Vaultive. Twenty Vaultive employees, most from the company's

research and development Research and development (R&D or R+D), known in Europe as research and technological development (RTD), is the set of innovative activities undertaken by corporations or governments in developing new services or products, and improving existi ...

team, joined CyberArk. *2019: CyberArk acquired identity startup Idaptive for $70 million. On February 12, 2020 CyberArk said it had over 5,300 customers. In May 2022, CyberArk announced the launch of ‘CyberArk Ventures’ a collection to fund Cybersecurity Technology start-ups. The organisation gained $30 million from global investments to empower the new venture, with the aim of funding disruptive technologies. CyberArk aligned with investors including Venrock, Yl Ventures, Team8 Capital and Merlin ventures and has announced the joint investments in Dig Security, Enso Security and Zero Networks.

References

{{Reflist Companies listed on the Nasdaq Computer companies of the United States Software companies based in Massachusetts Software companies of Israel Software companies of the United States 1999 establishments in the United States 1999 establishments in Massachusetts Software companies established in 1999 Companies established in 1999 Companies based in Massachusetts