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CyberArk Software Ltd. (NASDAQ: CYBR) is a leading information technology security company specializing in protecting the heart of the enterprise from targeted cyber threats. For over a decade, CyberArk has been at the forefront of enterprise security, focusing on safeguarding privileged accounts, credentials, and secrets from malicious attacks.
CyberArk’s comprehensive suite of products includes Privileged Access Manager, Vendor Privileged Access Manager, Privileged Session Manager (PSM), Enterprise Password Vault (EPV), PrivateArk, and Privilege Cloud. These solutions are designed to prevent attackers from escalating their access and causing irreparable business harm.
The company is trusted by the world's leading organizations, including 40% of the Fortune 100, to protect their most valuable information assets, infrastructure, and applications. CyberArk has a strong presence across the globe, with significant revenue generated from the United States and notable operations in Europe, the Middle East, Africa, and other regions.
Recently, CyberArk has achieved several milestones, including expanding its product portfolio and forging strategic partnerships to enhance its security offerings. These initiatives underscore the company’s commitment to innovation and leadership in the cybersecurity landscape.
In an era where cyber threats are increasingly sophisticated and regulatory demands for stronger protection of privileged accounts are on the rise, CyberArk’s solutions are more relevant and critical than ever. The company’s mission is clear: to stop attacks before they can halt business operations and to help organizations stay ahead of potential threats.
CyberArk (NASDAQ: CYBR) announced that FM Logistic selected their Identity Security Platform to secure identities globally for their digital transformation. With 28,000 employees, FM Logistic aims to optimize supply chain operations and boost productivity through a cloud migration initiative. The CyberArk solution streamlines identity management, enhances cyber protection, and supports modern use cases.
CyberArk announced strong first quarter 2024 results, exceeding all guided metrics. Subscription revenue grew 69% YoY to $156.2 million, total ARR grew 34% YoY to $811 million, and total revenue grew 37% YoY to $221.6 million. The company raised full-year guidance across all metrics.
CyberArk has achieved new SOC 2 Type 2 and SOC 3 certifications for its identity security platform, providing customers with transparent controls. The certifications ensure that CyberArk's Identity Security Platform offers Zero Trust and least privilege with complete visibility, allowing secure access to any resource from anywhere. Various components of the platform, such as CyberArk Conjur Cloud and CyberArk Dynamic Privilege Access, received compliance this year. These certifications showcase CyberArk's commitment to protecting customer data against identity-centric threats.
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