NEWTON, Mass. & PETACH TIKVAH, Israel--(BUSINESS WIRE)--CyberArk (NASDAQ: CYBR), the company that protects organizations from cyber attacks that have made their way inside the network perimeter, today announced it has completed the acquisition of privately held Viewfinity, Inc., a provider of Windows least privilege management and application control software for $30.5 million in cash.
With the transaction complete, CyberArk now offers customers a solution that limits the privileges available to business users and applications to only what is needed, while protecting the organization from advanced attacks. This enables organizations to stop the progression of most malware-based attacks at the endpoint, limiting the attacker’s ability to move beyond their initial point of entry. The offering complements CyberArk’s Privileged Account Security Solution and is available as either an on-premise or SaaS-based solution.
About CyberArk
CyberArk
is the only security company focused on eliminating the most advanced
cyber threats; those that use insider privileges to attack the heart of
the enterprise. Dedicated to stopping attacks before they stop business,
CyberArk proactively secures against cyber threats before attacks can
escalate and do irreparable damage. The company is trusted by the
world’s leading companies – including 40 percent of the Fortune 100 and
17 of the world’s top 20 banks – to protect their highest value
information assets, infrastructure and applications. A global company,
CyberArk is headquartered in Petach Tikvah, Israel, with U.S.
headquarters located in Newton, Mass. The company also has offices
throughout EMEA and Asia-Pacific. To learn more about CyberArk, visit www.cyberark.com,
read the company blog, http://www.cyberark.com/blog/,
follow on Twitter @CyberArk
or Facebook at https://www.facebook.com/CyberArk.
Forward-Looking Statements
This release may contain
forward-looking statements, which express the current beliefs and
expectations of CyberArk’s management. Such statements involve a number
of known and unknown risks and uncertainties that could cause the
Company’s future results, performance or achievements to differ
significantly from the results, performance or achievements expressed or
implied by such forward-looking statements. Important factors that could
cause or contribute to such differences include risks relating to: our
ability to successfully integrate Viewfinity, including by selling
products to each other’s existing customers; changes in the new and
rapidly evolving cyber threat landscape; failure to effectively manage
growth; fluctuations in quarterly results of operations; real or
perceived shortcomings, defects or vulnerabilities in the Company’s
solution or the failure of the solution to meet customers’ needs; the
inability to acquire new customers or sell additional products and
services to existing customers; competition from IT security vendors and
other factors discussed under the heading “Risk Factors” in the
Company’s most recent annual report on Form 20-F filed with the
Securities and Exchange Commission. Forward-looking statements in this
release are made pursuant to the safe harbor provisions contained in the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements are made only as of the date hereof, and the Company
undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events or
otherwise.
Copyright © 2015 CyberArk Software. All Rights Reserved. All other brand names, product names, or trademarks belong to their respective holders.
