Information Security Company CyberArk Buys Cloud Security Company Vaultive
CyberArk CEO Udi Mokady told Calcalist that the Vaultive acquisition is designed to strengthen the company’s cloud security portfolio
For daily updates, subscribe to our newsletter by clicking here.The companies did not disclose the financial terms of the deal, but CyberArk likely paid less than the $42 million it did for the purchase of Conjur Inc. in May 2017. In an interview with Calcalist on Monday, CyberArk CEO and co-founder Udi Mokady said that the sum of the Vaultive deal did not require the submission of a report to the stock exchange.
Founded in 2008 and based in Tel Aviv, Vaultive develops and markets cloud data and software-as-a-service (SaaS) security products. Vaultive employs a 20-person team, and has raised $20 million in equity funding prior to its purchase.
The Vaultive deal is intended to strengthen CyberArk’s cloud cybersecurity portfolio, Mr. Mokady told Calcalist.
Founded in 1999 and headquartered in Petah Tikva, CyberArk provides digital security services to many of the world’s largest corporations, including accounting firms Deloitte and PwC, and car rental company Budget. CyberArk operates a U.S. headquarters in Newton, Massachusetts and additional offices throughout the Americas, Europe, the Middle East, Africa, Asia Pacific, and Japan.