Delivers Industry’s Only Enterprise-Class,
Automated Privileged Account Security and Secrets Management
Solution to Secure the DevOps Lifecycle and Cloud-Native
Environments
CyberArk Software Ltd. (NASDAQ: CYBR), the company that protects
organizations from cyber attacks that have made their way inside
the network perimeter, today acquired privately-held Conjur, Inc.,
a Newton, Mass.-based provider of DevOps security software for $42
million in cash.
Conjur’s revolutionary technology for securing DevOps extends
CyberArk’s reach deeper into the DevOps lifecycle to protect
secrets and manage machine identities. With the addition of Conjur,
recently named a Cool Vendor in DevOps by Gartnerˡ, CyberArk
uniquely empowers CIOs and CISOs to accelerate modern software
deployment – securely – with the industry’s only enterprise-class
security solution that delivers comprehensive privileged account
management and secrets protection.
“While empowering organizations with more efficiency and speed,
the DevOps process is also dramatically expanding the attack
surface across the entire enterprise,” said Udi Mokady, Chairman
and CEO, CyberArk. “CyberArk’s acquisition of Conjur further
strengthens our market leadership position – providing the
industry’s only enterprise-class solution for privileged account
security and secrets management on premises, in the cloud and
across the DevOps pipeline. Now with Conjur, CyberArk customers can
truly embrace DevOps without compromising on security.”
Due to the dynamic nature of DevOps, “secrets” – which are
privileged account credentials, SSH Keys, API keys and more – are
proliferating throughout the IT infrastructure at a rapid-fire
pace, creating massive security risks for organizations. “A Gartner
survey in mid-2016 found that 50% of enterprises would be using
DevOps by the end of 2016.” However, Gartner estimates “that fewer
than 20% of enterprise security architects have engaged to
systematically incorporate information security into their
organizations' DevOps initiatives.”² CIOs, CISOs and developers
need solutions that offer control and security without impeding the
agility and speed of the DevOps pipeline. Conjur and CyberArk
integrate with leading DevOps tools and platforms including Puppet,
Chef and Ansible to further enable agile development processes.
“Conjur’s innovative DevOps security solution is gaining
momentum with developers, security and operations teams in modern
enterprise IT organizations around the world,” said Elizabeth
Lawler, CEO and co-founder, Conjur. “We are excited to become part
of CyberArk to set a new industry standard for privileged account
security and secrets management, helping customers move to a true
DevSecOps delivery model that supports greater business
agility.”
Availability
The CyberArk-Conjur Solution for DevOps is available from
CyberArk today.
Related Resources
- Gartner Report – “Cool Vendors
in DevOps, 2017”
- Solution Information – Learn
more about the CyberArk-Conjur Solution
ˡ Gartner, Cool Vendors in DevOps, 2017, Ian Head, Felix
Gaehtgens, Thomas E. Murphy, Nathan Wilson, David Paul Williams, 08
May 2017 ID: G00326392
²Gartner, “Top 10 Strategic Technology Trends for 2017: Adaptive
Security Architecture,” David W. Cearley, Avivah Litan, Mike J.
Walker, 21 March 2017 ID: G00319583
About ConjurConjur delivers a DevOps security software
platform that enables organizations to balance their goal of
adopting cloud computing with their need to ensure security. Conjur
automates machine identity provisioning, authorization of
privileged access, service account control, and machine-to-machine
connectivity in a way that meets the needs of all DevSecOps
stakeholders. Companies adopting dynamic, cloud-centric IT
infrastructure across industries, including financial services,
communications, media and software development, consider Conjur an
essential component of their security strategy. Conjur is
headquartered in Newton, Mass.
About CyberArkCyberArk 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 more than 45 percent of the
Fortune 100 – to protect their highest value information assets,
infrastructure and applications. A global company, CyberArk is
headquartered in Petach Tikva, Israel, with U.S. headquarters
located in Newton, Mass. The company also has offices throughout
the Americas, EMEA, Asia Pacific and Japan. To learn more about
CyberArk, visit www.cyberark.com, read the CyberArk blog, or follow
on Twitter via @CyberArk, LinkedIn or Facebook.
Cautionary Language Concerning Forward-Looking
StatementsThis release may contain forward-looking statements,
which express the current beliefs and expectations of CyberArk’s
(the “Company”) management. In some cases, forward-looking
statements may be identified by terminology such as “believe,”
“may,” “estimate,” “continue,” “anticipate,” “intend,” “should,”
“plan,” “expect,” “predict,” “potential” or the negative of these
terms or other similar expressions. 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: changes in the rapidly evolving cyber threat
landscape; real or perceived shortcomings, defects or
vulnerabilities in the Company’s solutions or internal network
system, or the failure of the Company’s customers or channel
partners to correctly implement the Company’s solutions;
fluctuations in quarterly results of operations, including due to
our failure to close significant sales before the end of a
particular quarter; the inability to acquire new customers or sell
additional products and services to existing customers; competition
from IT security vendors; the reputational impact of any compromise
to our internal IT network system; failure to effectively manage
growth; the Company’s failure to effectively expand, train and
retain our sales and marketing personnel; reliance on channel
partners; failure to anticipate market needs and enhance the
Company’s existing products or develop or acquire new products; the
Company’s ability to successfully integrate recent and or future
acquisitions; 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 © 2017 CyberArk Software. All Rights Reserved. All
other brand names, product names, or trademarks belong to their
respective holders.
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version on businesswire.com: http://www.businesswire.com/news/home/20170511006384/en/
Media Relations Contacts:CyberArkChristy Lynch,
+1-617-796-3210press@cyberark.comorCyberArkLiz Campbell,
+1-617-558-2191press@cyberark.comorInvestor Relations
Contact:CyberArkErica Smith, +1-617-630-6426ir@cyberark.com
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