Cyber-Ark Software has announced its Q4 growth results 2012.The results nearly 40 per cent sales growth rate and a record pace of new customer acquisition.
Cyber-Ark addition of 230 new customers expanded its overall user-base to more than 1,200 global enterprise customers in 2012.The company’s growth data also reflected organizational awareness of the connection between privileged accounts and advanced internal and external security threats.
Udi Mokady, President and CEO of Cyber-Ark Software stated, “2012 will be remembered as the year that organizations took a coordinated, proactive approach to their cyber-security efforts by securing the privileged accounts and credentials that serve as the pathway to critical assets. While Cyber-Ark has grown consistently since our inception, this past year was marked by several milestones signaling that executives understand that privileged accounts are a significant vulnerability that need to be managed. The concept of securing organizations from inside the firewall is not a new one—but its significance, and the functionality of our solutions, continues to grow at unprecedented levels.”
Cyber-Ark expanded its channel of advanced security management and monitoring solutions by providing organizations a variety of regulations such as PCI, Sarbanes Oxley, NIST, NERC, MAS and HIPPA. In addition to these developments Cyber-Ark expanded its global employee headcount by 40 per cent and was awarded with Security Innovation of the Year Award at the UK IT Industry Awards 2012.