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Leading Investment Management Firm, American Century, Selects Cyber-Ark Enterprise Password Vault™
American Century Investments Chooses Cyber-Ark to Securely Manage Privileged Identities and Other Highly-Sensitive Information Across the Enterprise
NEWTON, MA - October 19, 2007 - Cyber-Ark® Software, the leader in Privileged Identity Management, today announced that American Century Investments, a leading global investment management firm serving financial professionals, institutions, corporations and 1.6 million individual investors, has implemented Cyber-Ark's Enterprise Password Vault™ (EPV) to secure and manage the organization's privileged identities, passwords and other highly sensitive information.
As the pressure to comply with both external and internal regulations grows and the possibility of internal data breaches exists, sensitive company data and client information are at risk, requiring an in-depth approach to personal and privileged security. American Century needed a proactive approach for securing access to the highly powerful privileged information (administrative and embedded identities/passwords) that is so often overlooked and exploited.
"Until recently, companies have been trying to take on the complex processes of securing, managing, updating, and logging all privileged accounts and identities throughout an enterprise with spreadsheets and patch programs," said Udi Mokady, President and CEO of Cyber-Ark Software. "With the Enterprise Password Vault, organizations can have a highly efficient Privileged Identity Management (PIM) system in place that easily integrates into their current infrastructure. We're thrilled that American Century has implemented our latest solution and look forward to growing our relationship further in the future."
Cyber-Ark's Enterprise Password Vault enables organizations to secure, manage, automatically change and log all activities associated with all types of privileged passwords such as administrator on a Windows server, Root on a UNIX server, Cisco Enable on a Cisco device, as well as embedded passwords found in applications and scripts.
Cyber-Ark™ Software is the leading provider of Privileged Identity Management (PIM) solutions for securing privileged user accounts and highly-sensitive information across the enterprise. Long recognized as an industry innovator for its patented Vaulting Technology™, Cyber-Ark's digital vault products include: The Enterprise Password Vault™ for the secure management of administrative, application and privileged user passwords; the Inter-Business Vault™, a secure infrastructure for cross-enterprise data exchange of highly-sensitive information, and the Sensitive Document Vault™ for secure storage and management of highly-sensitive documents. Cyber-Ark's Vaulting platform has been tested by ICSA Labs, an independent division of Cybertrust and the security industry's central authority for research, intelligence, and certification testing of security products. Cyber-Ark's award-winning technology is deployed by more than 300 global customers, including 100 of the world's largest banks and financial institutions. Headquartered in Newton, MA, Cyber-Ark has offices and authorized partners in North America, Europe and Asia Pacific. For more information, visit www.cyber-ark.com