CyberArk: Difference between revisions
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Revision as of 19:33, 7 January 2010
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 | This article contains content that is written like an advertisement. (November 2009) |
| File:Cyber-ark.png | |
| Company type | Private |
|---|---|
| Industry | Computer software |
| Founded | 1999 |
| Headquarters | Newton, Massachusetts, USA |
Key people | Udi Mokady, Founder and CEO |
Number of employees | 85 (2008) |
| Website | www.Cyber-Ark.com |
Overview
"Cyber-Ark Software, Inc." is an information security company that develops and markets digital vaults, based on their patented Vaulting Technology, for securing and managing privileged passwords and identities, and sensitive information within and across enterprise networks. Cyber-Ark’s technology is deployed worldwide – primarily in the Financial Services, Energy, Retail , and Healthcare enterprises. Cyber-Ark is especially known for its Privileged Identity Management (PIM) technology.
Cyber-Ark is a venture-backed company. A list of its current investors includes Cabaret-ArbaOne, JVP Partners, and Vertex.
History & General Timeline
Cyber-Ark was founded in 1999 by Alon Cohen, Udi Mokady and a team of security technologists in Israel, who worked to develop the Digital Vault. The technology combines multiple layers of security which resides within an existing network perimeter and focuses around data itself, creating a central repository to share and store proprietary or confidential data. The Digital Vault was created to exist separately from the network, whether placed within or outside the infrastructure and serves as the foundation for all of Cyber-Ark’s following technology products.
In April 2006 Cyber-Ark’s Digital Vaulting platform was tested by ICSA Labs and verified as a secure, encrypted file storage and sharing environment.
On July 9, 2006, Cyber-Ark expanded its European presence by opening a new UK headquarters in London. Later that year, on December 21, the Company moved its corporate headquarters to Newton, MA.
On January 30, 2007, Cyber-Ark co-founded the PCI Security Vendor Alliance along with seven other companies to educate U.S. companies on the compliance regulation and technology tools for compliance.
In May 2007 Cyber-Ark releases its first Annual IT Snooping survey, which revealed that one in three IT employees snoop through company systems and confidential data using privileged passwords[1].
On April 28, 2008, Cyber-Ark’s Enterprise Password Vault was named the winner of Network World magazine’s first “Clear Choice Test” for Privileged Account Management products[2].
On June 30, 2008, Forrester Research listed Cyber-Ark as having the largest customer base in its class in the Privileged User Management Market report.
In August 2008, the Second Annual IT Snooping Survey was released by Cyber-Ark. The results revealed that 88 percent of IT employees would steal confidential data before exiting the company[3].
Technology Development Timeline
- September 2000, Launch of first product based on the Digital Vault technology, the PrivateArk Vault.
- May 2002, Digital Vault technology awarded a U.S. patent.
- June 2002, Availability announced for the first Sensitive Document Vault (originally launched as “PrivateArk Network Vault”) and first Inter-Business Vault (originally launched as “PrivateArk Inter-Business Vault”).
- June 2003, Availability of the Enterprise Password Vault (originally launched as “Network Vault for Passwords) is announced.
- November 2005, Central Password Manager for Network Vault is unveiled.
- August 2006, Announced the availability of the appliance offering for its Enterprise Password Vault.
- October 2006, Enterprise Password Vault v4.0 released.
- October 2008, Inter-Business Vault v5.0 is made publicly available.
Products
- Enterprise Password Vault - solution for securely managing privileged accounts
- Inter-Business Vault - a secure Managed File Transfer solution
- Sensitive Document Vault - a repository for securing, storing and managing confidential documents
Executive Officers
- Udi Mokady: Founder, President & CEO
- Alon N Cohen: Active Chairman & Founder
- Nir Gertner: Chief technical officer
- Chen Bitan: General Manager EMEA and Vice President of R&D
- Roy Adar: Vice President of Product Management
- Adam Bosnian: Vice President of Products, Strategy, and Sales
- Richard A Weeks: Vice President of Business Development
External Links & Research
- Official Cyber-Ark Website
- Spire research report “Managing Privileged Accounts,” February 2005
- IDC white paper “/ Privileged Password Management: Combating the Insider Threat and Meeting Compliance Regulations for the Enterprise,” January 2007
- IDC white paper “/ Privileged Identity Management: IDC Defines an Identity and Access Management Submarket for Managing Privileged User Accounts and Meeting GRC Requirements,” April 2008
- EMA white paper “/ Turning the Spotlight on IT’s Dirty Little Secret: Securing the Common Point of Failure in IT Risk Controls,” August 2008