CyberArk Software Ltd. is an Israeli cybersecurity company specializing in identity security solutions. Founded in 1999 by Alon N. Cohen and Udi Mokady, the company is headquartered in Petah Tikva, Israel, with a significant presence in Newton, Massachusetts. CyberArk went public in 2014, trading on the NASDAQ under the ticker symbol CYBR. As of 2024, the company reported annual revenue of $868 million and employed approximately 3,800 people globally.
CyberArk's core offerings focus on privileged access management (PAM), securing high-risk accounts and credentials to prevent unauthorized access and cyberattacks. The company's Identity Security Platform encompasses solutions for workforce and customer access, endpoint privilege security, machine identity management, and identity governance. Notable products include the Privileged Access Manager, Endpoint Privilege Manager, Secrets Manager, and Identity Governance solutions.
In 2024, CyberArk acquired Venafi, a leader in machine identity management, for approximately $1.54 billion. This acquisition aims to enhance CyberArk's capabilities in securing cryptographic keys and digital certificates, expanding its reach in cloud security and Internet of Things (IoT) applications. The deal is expected to add around $150 million in annual recurring revenue and broaden CyberArk's total addressable market to approximately $60 billion.
Under the leadership of CEO Matt Cohen, who took over from founder Udi Mokady in 2023, CyberArk continues to innovate in the identity security space. The company's strategic focus on subscription-based services has led to a 50% year-over-year increase in annual recurring revenue, reaching $1.215 billion in early 2025. CyberArk competes with industry players such as Microsoft, Okta, and CrowdStrike, maintaining a strong position in the cybersecurity market.