Cyber-Ark reveals Q4 results

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.

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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.

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