Press Releases
CYBER-ARK RANKED IN THE 2006 DELOITTE TECHNOLOGY FAST 500 EMEA
Leader in Digital Vault Technology Recognized as One of the Fastest Growing Technology Companies in the Region
DEDHAM, Mass. - November 28, 2006 - Cyber-Ark® Software, the information security software company that develops and markets Digital Vaults for securing and managing privileged passwords and highly-sensitive information, today announced that it has been ranked on the 2006 Deloitte Technology Fast 500 EMEA, a ranking of the 500 fastest growing technology companies in Europe, Middle East and Africa. The Deloitte Technology Fast 500 program covers public and private companies across EMEA, and is based on percentage revenue growth over five years, from 2001-2005.
Fueling Cyber-Ark's rapid growth has been the demand for Privileged Password Management (PPM) solutions, which has never been greater. Stringent governmental regulations and new information privacy legislation, along with a slew of highly publicized network breaches, are forcing organizations to safeguard administrative or privileged passwords as they could become a security threat. Until recently, organizations had no way to effectively secure, manage, update and control privileged user accounts, including generic accounts like Administrator on Wintel platforms, root on Unix systems, Cisco Enable, DBA (database administrator) passwords and hard-coded passwords that are found in application scripts throughout an enterprise, the companies added.
Cyber-Ark has used this demand for PPM to steadily expand its global and technological footprint. Through international offices, as well as the launch of Enterprise Password Vault™ 4.0 this year, the company has significantly improved its ability to build and sustain traction in emerging markets and is primed to continue in its position as the leading PPM provider.
"It's a tremendous honor to be named to the Deloitte Technology Fast 500 list, and a significant achievement for all of us here at Cyber-Ark," said Udi Mokady, Founder and CEO of Cyber-Ark Software. "A significant number of Fortune 1000 companies across a range of industries, from banking and finance to energy and pharmaceutical sectors, are investing in Cyber-Ark's Vaulting Technology™ to manage and secure their most sensitive data throughout the information lifecycle. Inclusion in the Deloitte Technology Fast 500 reflects the commitment we have made to our customers and the increased demand for a technology that can assist them in achieving their compliance and security goals with respect to privileged accounts."
"Because Deloitte Technology Fast 500 EMEA measures sustained revenue growth over five years, being one of the 500 fastest growing technology companies in EMEA is an impressive achievement," said Eric Morgain, partner in charge of Deloitte's Technology Fast 500 EMEA program. "Cyber-Ark deserves a lot of credit for its remarkable growth."
Based on Cyber-Ark's patented Vaulting Technology, Enterprise Password Vault provides a safe haven where all privileged users' passwords can be securely archived, transferred, shared, and managed by authorized users. Multiple security layers provide the most secure solution for managing passwords in an enterprise environment, which addresses Sarbanes-Oxley audit and compliance requirements and prevents usage of the same passwords across multiple systems, non-expired passwords, and "easy to remember" passwords. A detailed audit trail, disaster-recovery ready solutions, and granular Access-Control mechanisms help make Enterprise Password Vault the information security software selection for a number of large enterprise and compliance and regulation heavy organizations.
In addition to ranking on Deloitte's Technology Fast 500, Cyber-Ark ranked number 14 on the 2006 Israel Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Israel.
Fast 500 Selection and Qualifications
The Technology Fast 500 list is compiled from Deloitte's EMEA Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 2001 operating revenues of at least €50,000 and 2005 operating revenues of at least €800,000. Entrants must also be public or private companies headquartered in EMEA and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intellectual capital of approximately 135,000 people worldwide, Deloitte delivers services in four professional areas-audit, tax, consulting and financial advisory services-and serves more than 80 percent of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu", or other related names.
About Cyber-Ark
Cyber-Ark Software is an Information Security company that develops and markets digital vaults for securing and managing privileged passwords and highly-sensitive information. 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 Sensitive Document 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
Any and all trademarks or company names listed herein are property of their respective holders.
