View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cybersecurity
December 22, 2011

Cyber-Ark Software lands $40m investment

Goldman Sachs leads investment for privileged access vendor

By Steve Evans

Security firm Cyber-Ark Software has landed $40m of funding led by Goldman Sachs and Jerusalem Venture Partners.

As part of the investment JVP’s founder and chairman Erel Margalit will become chairman of the company and David Campbell, a VP in the Merchant Banking section of Goldman Sachs, will join the Cyber-Ark board.

The money will go towards growing Cyber-Ark as well as paying previous investors. "As Cyber-Ark’s co-founder, I’m both proud and excited about this transaction that will enable several of the company’s longer standing partners, including myself, to capitalise on many years of dedication towards building this company into a prominent security leader," said Alon Cohen, who will relinquish his position as chairman.

The company operates in the privileged user space, managing who can access what information on a corporate network. It aims to protect customers from internal as well as external threats.

The company says it has nearly 1,000 enterprise customers, including eight of the top 10 global banks and more than 35% of the Fortune 100 companies. Its clients include Pizza Hut, BT, Barclays, Pfizer, and Deutsche Bank.

"As one of the Company’s longest-standing investors, we are strong believers in building large international companies," commented Gadi Tirosh, General Partner at JVP. "Cyber-Ark has grown and evolved substantially over the past decade and, as it reaches this inflection point, we look forward to now taking it to the next level working together with our new partner Goldman Sachs and the company’s management."

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.