Press Releases
KEYCORP SELECTS CYBER-ARK VAULTING SOLUTION
One of the Nation's Largest Bank-based Financial Services Companies Will Leverage Out-of-the-Box Vaulting Solution to Safely Manage Enterprise-Wide Systems
Dedham, Mass.,-November 10, 2003 - Cyber-Ark® Software Inc., the information security software company that invented and markets Vaulting Technology™, today announced that KeyCorp (NYSE: KEY) has selected Cyber-Ark's Network Vault® to protect, share and manage confidential information across the enterprise, supporting the company's 20,000 employees.
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, providing services to millions of customers nationwide. KeyCorp plans to leverage Cyber-Ark's Vaulting Technology to provide secure storage and system access. Cyber-Ark will eliminate the need to build a customized solution from scratch using difficult security toolkits or implementing an expensive and time-consuming mix of additional authentication and encryption technologies.
"Cyber-Ark provides KeyCorp the only out-of-the-box solution with the auditing and alerting features needed to create a best-in-class, secure process for sharing and storing information and offers a flexible, cost-effective platform that the Company can build upon in future initiatives for sensitive information," said Alon Cohen, chairman, CEO and founder of Cyber-Ark.
Cyber-Ark's Network Vault solution provides a "safe haven" within the enterprise. The end-to-end solution protects access during transmission and at rest with multiple layers of integrated security, granular access control mechanisms and graphical auditing solutions. To learn more about how to leverage Cyber-Ark's Network Vault to implement an efficient, safe password management system, please visit
www.cyber-ark.com/networksecurity/passwordvault.asp.
About Cyber-Ark
Cyber-Ark Software Inc., is the leading provider of Vaulting security software that leverages its unique patented Vaulting Technology to create safe havens for securing and sharing vital company information. The Company's award-winning Network Vault® and Inter-Business Vault™ solutions enable a truly secure extended enterprise by providing an infrastructure that allows for completely transparent, yet totally secure, intra- and inter- business communications. Cyber-Ark's leading applications include Treasury Management Vault, CAD/CAM Vault, and Password Vault. Today Cyber-Ark enjoys strong customer relationships with over 80 Global 1000 companies around the world.
Founded by a group of leading military security experts and computer engineers, Cyber-Ark Software is privately held and backed by some of the world's most successful venture capitalists, including Jerusalem Venture Partners, Seed Capital Partners (a SOFTBANK Affiliate), JP Morgan/Chase Partners, Vertex Management and Nomura International Plc.
The Company is located in Dedham, Mass. and on the World Wide Web at www.cyber-ark.com
Cyber-Ark, Network Vault, Inter-Business Vault, and Vaulting Technology are trademarks of Cyber-Ark Software Ltd. in the U.S. and/or other countries. All rights reserved
Cyber-Ark Software Press Contact:
Richard April
Vice President of Marketing
781-251-0670
richard.april@cyber-ark.com
