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CYBER-ARK JOINS ORACLE EXTENDED IDENTITY MANAGEMENT ECOSYSTEM
Cyber-Ark® Enterprise Password Vault™ Introduces Privileged Password Management to the Oracle® Extended Identity Management Ecosystem
NEWTON, MA - April 18, 2007 - Cyber-Ark® Software today announced that its award-winning solution for Privileged Password Management (PPM), Enterprise Password Vault™, is now part of the Oracle® Extended Identity Management Ecosystem. Joint Cyber Ark and Oracle customers can now benefit from a unified identity management solution for managing and provisioning both personal and shared privileged accounts.
As we enter the third year of Sarbanes-Oxley regulations, and as auditors have become savvier about investigating companies' password security practices, Cyber-Ark is fulfilling a pressing need in the market for the extension of traditional identity management solutions. Recent research has shown that companies are hemorrhaging millions each year due to the hidden costs, security risks, lost business and legal liabilities associated with the mismanagement of administrative, super-user or privileged passwords. Until the release of Cyber-Ark's Enterprise Password Vault, organizations had no way to effectively secure, manage, automatically change and log all activities associated with these types of non-personal passwords.
Cyber-Ark's Enterprise Password Vault features vital capabilities designed from the ground up for IT and audit professionals who focus on securing, managing, updating and logging all privileged passwords throughout an enterprise, whether these shared, administrative or super-user passwords exist in routers, servers, databases, workstations or applications. Enterprise Password Vault is the only solution on the market to provide an enterprise-wide view of privileged password activity and has become the de-facto Privileged Password Management solution for Fortune 1000 companies. Customers benefit from Enterprise Password Vault by having complete control over the use of shared privileged accounts, assuring individual accountability, and providing a complete audit trail for regulatory compliance.
"We are excited and proud to be one of a select number of partners in the Oracle Extended Identity Management Ecosystem," said Udi Mokady, President and CEO of Cyber-Ark Software. "The beauty of this partnership is that it was born in the field and driven by the real-world demands of mutual enterprise customers and prospects. Together, Oracle and Cyber-Ark can cover all challenges associated with personal and privileged identity management threats, such as thwarting insider and outsider threats and helping enterprises meet governmental and industry regulatory mandates."
Cyber-Ark is also a member of the Oracle PartnerNetwork.
About the Oracle PartnerNetwork
Oracle PartnerNetwork is a global business network of more than 19,000 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer their customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle qualify for the Oracle Certified Partner levels. http://oraclepartnernetwork.oracle.com
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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