Press Releases
Digital Vaulting Booms as Cyber-Ark Signs Global Deal with Getronics
June 11, 2008 - The last quarter for Cyber-Ark® Software has once again broken all records and exceeded all expectations, proving the market boom for digital vaults as a method for managing and protecting privileged identities and highly-sensitive information. It is therefore timely that Cyber-Ark has signed a global partnership deal with internationally renowned Getronics, a leading provider of Information and Communication Technology (ICT) services and solutions.
The partnership will initially kick off in the Netherlands but plans are afoot for Getronics to begin selling the Cyber-Ark vaulting technology throughout their global network.
Getronics is a subsidiary of KPN and focuses on workspace management, consulting & transformation services, data centre and managed security services - which is where the Cyber-Ark portfolio will fit. Getronics offers a broad security portfolio ranging from managed security services, identity management and business continuity to professional services and provides fully managed security services that are cost-effective and reduce the complexity of security. Getronics is the leading provider of business continuity management, managed PKI and smartcard services in the Netherlands.
Calum MacLeod, Director Western Europe, Middle East and Africa said "Cyber-Ark has experienced a massive increase in demand as more companies look for ways to secure their privileged passwords and manage their highly sensitive information. Partnering with a company such as Getronics which has such an esteemed international reputation in the enterprise community will help us to keep up with the demand in the market. Getronics has great depth and experience in delivering innovative solutions to global enterprises and we look forward to working with them. We'll start off our partnership in the Netherlands and will then quickly build on their global network of contacts to expand internationally."
Coen Olde Olthof, Vice President Marketing, Portfolio and Alliances at Getronics said "Cyber-Ark's vaulting technology addresses a market need that many of our customers see as an issue. It also fits nicely within our current portfolio of authentication and authorisation services and we look forward to working alongside a respected and trusted supplier that helps us to meet the requirements of our customers. We are currently also developing new security services based on the Cyber -Ark products".
With over 400 global customers, Cyber-Ark's technology is already used to secure the most valuable assets of some of the largest military, banking, manufacturing, pharmaceutical and governmental enterprises in the world. Companies such as Voca, BT, AstraZeneca, Roche, Motorola, Orange, Mizuho Bank, ING, Belgacom and, Standard Bank have long been "digital vaulting" advocates using the "Vaulting Solution" as a "safe haven" within their enterprises for all critical information assets to be secured, transferred and shared.
Cyber-Ark's award-winning Enterprise Vault™, recently named "Clear Choice Winner" by Network World, has become the de-facto solution in global enterprises for administrative password management whereby companies can manage, secure, auto-update and log all activities associated with their privileged accounts and application to application authentication.
About Cyber-Ark
Cyber-Ark® Software is a leading provider of Privileged Identity Management (PIM) solutions for securing privileged user accounts and managing 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 Managed File Transfer solution for cross-enterprise data exchange, and the Sensitive Document Vault, secure repository for protecting and sharing 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 500 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.
For further information please contact Yvonne Eskenzi on 020 71832 832 or email Yvonne@eskenzipr.com
