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CYBER-ARK SOFTWARE CHOOSES IBM TO HELP DELIVER ON DEMAND BUSINESS SOLUTIONS TO MEET BANKING INDUSTRY CUSTOMER NEEDS
Vaulting Solution Provider Joins IBM PartnerWorld Industry Networks
Dedham, Mass.-December 7, 2005 - Cyber-Ark® Software Inc., the information security software provider that allows enterprises to protect, manage and exchange valuable information, today announced it has achieved banking industry optimization in IBM's PartnerWorld Industry Networks. Cyber-Ark can now take advantage of IBM's sales, marketing and technical expertise to develop and deliver solutions that meet customer requirements throughout the banking industry.
Banking institutions are continuously seeking solutions that can help them better integrate processes and applications and allow them to quickly respond to changing market opportunities - all key elements in transforming to an On Demand business. Through PWIN, Cyber-Ark has now gained the opportunity to market its banking industry solutions through the IBM sales channel on a worldwide scale. Cyber-Ark also continues to build applications and provide integration services for IBM's eServers and Ready for Tivoli.
"We are extremely excited to take our relationship with IBM to the next level," said J. Alan Bird, vice president of business development at Cyber-Ark. "Combining IBM's international reach and brand recognition along with Cyber-Ark's industry proven security solutions, we are able to provide our current and future banking customers with a one stop solution that allows them to secure all critical information and also keep pace with the changing regulations within compliance reporting."
Cyber-Ark's patented Vaulting Platform creates safe havens that allow enterprise organizations, banks and other financial service groups to protect and share information both over the Internet between discrete enterprises or manage critical information within a single network. The Cyber-Ark solutions make it easy for employees and partners to collaborate in a secure manner while reducing the burden on IT with a non-intrusive and flexible platform that can be easily implemented without any disruption to a company's existing business process.
"IBM and Cyber-Ark are committed to meeting the security needs of global banking institutions," said Buell Duncan, GM ISV and Developers Relations, IBM. "The combination of IBM's open and flexible middleware with Cyber-Ark's proven security information solution delivers a world-class solution for banking customers."
The IBM PartnerWorld Industry Networks provide ISVs with comprehensive business insight, technical resources, networking opportunities, and marketing and sales support designed to help them reach more customers and close deals faster. Participants in the PartnerWorld Industry Networks can team with IBM to bring on demand solutions to market more easily and to ensure these solutions meet specific industry needs, reflecting how customers buy technology today.
ISVs can sign up for PartnerWorld Industry Networks at www.ibm.com/isv.
Cyber-Ark Software is the leader in Vaulting solutions for securely connecting enterprise organizations. The Company's Inter-Business Vault® provides a secure infrastructure for connecting enterprise organizations with its partners, customers and sub-contractors over the Internet enabling them to share, exchange, and manage information securely. Cyber-Ark's Inter-Business Vault applications include solutions for Treasury Management files, Product Design files and Source Code. In addition to its business-to-business solutions, Cyber-Ark's Network Vault provides solutions for securely managing critical information, such as administrative passwords and critical documents within the enterprise. Today Cyber-Ark enjoys strong customer relationships with more than 150 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 and Vertex Venture Capital.
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:
Vice President of Marketing