CyberArk Named a Leader in 2022 Gartner Magic Quadrant for Access Management

Rhea-AI Summary

CyberArk has been recognized as a Leader in both the 2022 Gartner Magic Quadrant reports for Access Management and Privileged Access Management. This distinction establishes CyberArk as the only company to hold this dual recognition. CEO Udi Mokady highlights that this reflects their commitment to comprehensive Identity Security solutions. Additionally, CyberArk was awarded accolades from KuppingerCole and the SC Awards for its innovative security offerings.

Positive

• CyberArk was named a Leader in the 2022 Gartner Magic Quadrant for both Access Management and Privileged Access Management.
• The company received recognition as an Overall Leader by KuppingerCole in the Passwordless Authentication report.
• CyberArk won the 2022 SC Award for Best Identity Management Solution.

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• None.

CyberArk Is the Only Identity Security Company Recognized as a Leader in Both the Gartner^® Magic Quadrant™ Reports for Access Management and Privileged Access Management

NEWTON, Mass. & PETACH TIVKA, Israel--(BUSINESS WIRE)-- CyberArk (NASDAQ: CYBR), the global leader in Identity Security, today announced it was named a Leader in the newly released 2022 Gartner^® Magic Quadrant™ for Access Management¹. This recognition follows CyberArk’s position as a Leader in the 2022 Gartner^® Magic Quadrant™ for Privileged Access Management², making it the only company to be recognized as a Leader in both reports.

“Today’s ever-escalating threat landscape calls for Identity Security leadership across multiple categories. It’s not enough to just manage identities. All types of identities must be secured, regardless of device, location or environment,” said Udi Mokady, founder, chairman and CEO, CyberArk. “We believe this recognition by Gartner further validates our strategy to deliver the industry’s most comprehensive Identity Security Platform, centered on privileged access management. CyberArk’s security-first approach is a differentiator for our business, and a critical value driver for our customers and partners.”

The CyberArk Identity Security Platform enables protection of any identity – human or machine – across the widest range of devices and environments from a single, comprehensive platform. It includes CyberArk Identity, which provides security-first access to thousands of business-critical applications and endpoints required by all users – employees, business partners, vendors and clients. CyberArk helps enterprises achieve heightened protection and enhanced productivity by applying intelligent privilege controls to the point of authentication, high-risk user sessions and more, across the entire identity lifecycle.

CyberArk continues to innovate to keep pace with customer needs. It recently unveiled new adaptive multi-factor authentication (MFA) and passwordless capabilities to provide additional defenses against attacks that rely on MFA fatigue to gain unauthorized access to protected systems. Additionally, CyberArk Identity Compliance extends the concepts of Zero Trust and least privilege to help ensure user access continually meets regulatory demands.

In the 2022 Gartner Magic Quadrant for Privileged Access Management, CyberArk was positioned both highest in Ability to Execute and furthest in Completeness of Vision for the fourth time in a row.

In addition to the latest recognition by Gartner, CyberArk continues to receive broad industry recognition for its Identity Security offerings. It was recently named an Overall Leader by KuppingerCole Analysts AG in the 2022 "Leadership Compass: Passwordless Authentication” report. According to the report, “CyberArk has established itself as a leader in Identity Security.” CyberArk also won the 2022 SC Award for Best Identity Management Solution.

CyberArk will also be hosting a global webinar, “Don't Just Manage Identities. Secure Them! Understanding CyberArk Identity Security and How to Apply It Across Your Organization,” on Wednesday, November 16, 2022. To register, visit: https://lp.cyberark.com/identity-security-defined-nov.html.

To download complimentary copies of both Gartner reports, visit: https://www.cyberark.com/gartner-magic-quadrant-reports-for-pam-and-access-management/

Gartner Disclaimers

GARTNER and MAGIC QUADRANT are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

1 – Gartner^® Magic Quadrant for Access Management, by Henrique Teixeira, Abhyuday Data, Michael Kelley, James Hoover, Brian Guthrie, 1 November 2022
2 – Gartner^® Magic Quadrant™ for Privileged Access Management, by Michael Kelley, James Hoover, Felix Gaehtgens, Abhyuday Data, 19 July 2022
3 – KuppingerCole Analysts AG, “Leadership Compass: Passwordless Authentication,” October 4, 2022 by Alejandro Leal

About CyberArk

CyberArk (NASDAQ: CYBR) is the global leader in Identity Security. Centered on privileged access management, CyberArk provides the most comprehensive security offering for any identity – human or machine – across business applications, distributed workforces, hybrid cloud workloads and throughout the DevOps lifecycle. The world’s leading organizations trust CyberArk to help secure their most critical assets. To learn more about CyberArk, visit https://www.cyberark.com, read the CyberArk blogs or follow on Twitter via @CyberArk, LinkedIn or Facebook.

Copyright © 2022 CyberArk Software. All Rights Reserved. All other brand names, product names, or trademarks belong to their respective holders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221103006343/en/

Media Contacts:

Carissa Ryan, CyberArk

Email: press@cyberark.com

Highwire PR

Email: cyberark@highwirepr.com

Investor Relations:

Erica Smith, CyberArk

Email: ir@cyberark.com

Source: CyberArk

FAQ

What did CyberArk announce in the recent press release?

CyberArk announced that it was recognized as a Leader in both the 2022 Gartner Magic Quadrant reports for Access Management and Privileged Access Management.

What is CyberArk's stock symbol?

CyberArk's stock symbol is CYBR.

When is the upcoming CyberArk webinar?

CyberArk will host a global webinar on November 16, 2022, titled 'Don't Just Manage Identities. Secure Them!'.

What other recognitions has CyberArk received recently?

In addition to Gartner's recognition, CyberArk was named an Overall Leader by KuppingerCole and won the SC Award for Best Identity Management Solution.