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CYBER-ARK AND WIPRO TECHNOLOGIES ANNOUNCE STRATEGIC PARTNERSHIP TO PROVIDE PRIVILEGED PASSWORD MANAGEMENT SOLUTIONS
Partnership Enables Wipro Customers to Benefit from Comprehensive Solution for Privileged Passwords
NEWTON, Mass. - February 5, 2007 - Cyber-Ark® Software, the leader in Privileged Password Management, and Wipro Technologies, the global IT services division of Wipro Limited (NYSE: WIT), today announced a strategic partnership to provide privileged password management solutions and services to address the global markets covered by Wipro.
Through this agreement, Wipro will now be reselling Cyber-Ark's Enterprise Password Vault™ (EPV) so its customers can secure, manage, automatically change and log all activities associated with all types of privileged passwords. Privileged passwords are the non-personal passwords that exist in virtually every device or software application in an enterprise, such as root on a UNIX server, Administrator on a Windows workstation, and Cisco Enable on a Cisco device.
"We are excited to enter into this agreement with the leading provider of integrated business, technology and process solutions," said Dan Dinnar, vice president regional sales at Cyber-Ark. "Wipro and its customers recognize the gap that currently resides within traditional Identity Management solutions and Wipro is now countering that with our solution to protect the most critical information that currently resides within enterprise organizations. We look forward to a long partnership with Wipro and the ability to provide the most secure Privileged Password Management solution to its current and future customers."
Wipro's Enterprise Security Solutions is the largest offshore security services provider. It offers consultancy and solutions on information security, data privacy, identity and access management, vulnerability management, end point security solutions, etc. across industries. The Data Privacy & Encryption Services, a part of the Security Solutions Practice, offers a customer proven solution framework and methodology which enables a comprehensive Data Privacy strategy and solution implementation in a structured manner and can be customized to suit varying client needs. The practice will enhance the value of its offerings multifold by including Cyber Ark's Enterprise Password Vault.
"Given the level of depth of access into enterprise systems, it is the Privileged Account or Privileged Users like administrators that can potentially become the largest exploit opportunity in today's enterprises," said K.R.Sanjiv, Vice-President, E-enabling Solutions at Wipro Technologies. "To assist clients interested in protection from risks due to unmanaged privileged passwords, Wipro now offers a comprehensive privileged password solution offering which includes security evaluations and assessments, design and deployment, and management of the solution. Our clients shall benefit from the market leading technology developed by Cyber-Ark, coupled with Wipro's vast expertise in the application security domain."
Under the terms of the agreement, Wipro will offer Cyber-Ark's award-winning Enterprise Password Vault in addition to its full line of technology-driven business solutions. Cyber-Ark's Enterprise Password Vault is uniquely positioned to eliminate one of today's biggest IT security and compliance risks: the mismanagement of privileged user accounts and passwords which may result in costly outages, lost business, legal liability and or audit deficiencies.
Wipro Technologies, a division of Wipro Limited (NYSE:WIT), is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services organization globally. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centres. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, Information Systems outsourcing, package implementation, software application development and maintenance services to corporations globally.
In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. Wipro also has profitable presence in niche market segments of consumer products and lighting. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADS' are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.
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 its 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 250 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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