Press Releases
CYBER-ARK OPENS NEW CORPORATE HEADQUARTERS
NEWTON, Mass. - December 21, 2006 - 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 that it has relocated its corporate headquarters into new, larger premises in Newton, Massachusetts, in order to support the dramatic growth of its operations. Effective immediately, Cyber-Ark Software is located at 57 Wells Ave., Suite 20, Newton, MA 02459.
Fueling Cyber-Ark's rapid growth has been the demand for Privileged Password Management (PPM) solutions, which has never been greater. 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. 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, including privileged user passwords.
"Cyber-Ark is growing at an exponential rate, and our move to larger premises ensures that we have the infrastructure in place to accommodate this growth," said Udi Mokady, Founder, President and CEO of Cyber-Ark Software. "Cyber-Ark has grown tremendously over the past few years, securing strategic partnerships, unveiling the latest upgrade to our Enterprise Password Vault™ solution, and expanding our reach of services to additional markets. We look forward to continued success in 2007 and we are excited to serve our clients from our new headquarters in Newton."
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 Newton, Mass. and on the World Wide Web at www.cyber-ark.com
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