Press Releases
CYBER-ARK SOFTWARE SEES GROWTH ACROSS ASIA PACIFIC AS RESELLER NETWORK RAPIDLY EXPANDS
Cyber-Ark® Software, the information security software company that develops and markets digital vaults for securing and managing highly-sensitive information within and across global enterprise networks, today announced record growth across Asia Pacific, with local resellers in more then 7 countries and with its last quarter being the best ever with the signing of major global organizations for their products.
Resellers who include CyberView, Quantiq International, Securic, and Websecure Technologies have helped Cyber-Ark significantly expand and drive new sales throughout Asia Pacific specifically within the banking, insurance and government sectors.
The product that is causing the most excitement amongst some of the largest corporations in the world is the recent unveiling of The Enterprise Password Vault™, which has recently been enhanced to support and manage application to application passwords also referred to as embedded accounts.
The key to the products success is the added capability of managing embedded accounts which allows the software to remove hard-coded passwords from all scripts and code, encrypt stored passwords and control all access to credentials by application or support staff. These enhanced Administrative ID management capabilities further enable corporations to comply with the latest regulatory requirements.
Cyber-Ark has seen a strong market develop across Singapore, Australia, New Zealand, Taiwan, Hong Kong, Thailand and Malaysia - and is continuously focusing on expanding its reseller network with current focus on developing the market in India and Japan.
Udi Mokady, Founder and President of Cyber-Ark said "Cyber-Ark's strong reseller channel provides organizations across Asia Pacific with expertise and local support for solving their most taxing security concerns and we are seeing great results with growing sales in this region".
Mokady continued "We have never had such a committed and determined team of resellers who are coming up with some fantastic results and its rewarding to see such a great response from the customers who love what we are offering and relieved to find a product which can at long last help to store and manage their critical and sensitive data in a digital capacity which is safe, intuitive and easy to use."
Ray Tam, Information Security Manager at Securic Limited, a reseller in the Hong Kong region said "Unquestionably, managing privileged and emergency accounts on various IT systems is extremely important to the security of an enterprise. With Cyber-Ark's solution in privileged user management, a company can now streamline the process in storing, approving, and resetting those sensitive accounts, both securely and effortlessly".
Cyber-Ark's VP Regional Sales - Asia Pacific, Dan Dinnar, said "It's very exciting to see such a positive buzz around the Cyber-Ark product and we are excited to be expanding into the Japanese and Indian markets with interest from some very experienced and well regarded resellers."
About Cyber-Ark
Cyber-Ark Software is an Information Security company that develops and markets digital vaults for securing and managing sensitive information within and across global enterprise networks. Based on it's patented Vaulting Technology™, Cyber-Ark's digital vault products include: The Inter-Business Vault®, a secure infrastructure for cross-enterprise data exchange of highly-sensitive information; the Network Vault®, for secure storage and management of highly-sensitive documents, and the Enterprise Password Vault, for the secure management of administrative, emergency and privileged user passwords. Cyber-Ark's Vaulting platform has been tested by ICSA Labs, an independent division of Cybertrust. ICSA is the security industry's central authority for research, intelligence, and certification testing of security products.
Cyber-Ark Software was founded in 1999 by a team of industry-recognized security experts with the aim of producing a truly effective security offering where complete end-to-end security was the initial, key design consideration rather than applied as an afterthought. Today, over 200 Global 1000 companies rely on Cyber-Ark Software's digital vault solutions for managing, sharing and securing highly-sensitive information both within their organization and with their partners, vendors and customers. 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 Management.
The company is located in Dedham, Mass. and on the World Wide Web at www.cyber-ark.com
