CyberArk, a company specializing in privileged account security, today announced the acquisition of certain assets of privately-held Vaultive, Inc., a cloud security provider. The deal between the two Israel-based companies was sealed today.
The CyberArk Privileged Account Security Solution protects against privileged account exploitation anywhere – on-premises, in hybrid cloud environments and across DevOps workflows, the company said in a release. Building upon the Vaultive technology, CyberArk will deliver greater visibility and control over privileged business users, and Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) administrators. By delivering a cloud-native and mobile experience, Vaultive will extend the CyberArk solution to these highly privileged users, which are frequent targets for cyber-attacks.
"The Vaultive team brings innovative technology and advanced cloud industry experience to CyberArk. We look forward to incorporating the technology to add additional depth and proactive protection for enterprises facing an expanding attack surface in the cloud," said Udi Mokady, chairman and CEO of CyberArk. "Vaultive provides a strong building block to accelerate CyberArk’s cloud security strategy, making CyberArk the only vendor able to extend privileged account security to administrators and privileged business users in cloud environments with this level of granularity and control."
According to IDC, worldwide spending on public cloud services and infrastructure is forecast to reach $277 billion in 2021. Privileged business users and SaaS, IaaS and PaaS administrators have broad and often unlimited access to a range of social media, web-based sales operations, and financial applications. That access must be monitored and controlled consistently across multiple types of applications, and be done in a way that doesn’t change the way cloud administrators and privileged business users work.
"I’m extremely proud of everything that the Vaultive team accomplished," said Ben Matzkel, founder and CTO of Vaultive. "It’s becoming increasingly clear that customers desire a unified security approach that extends from the data center to the cloud. Fortified with Vaultive’s technology and its team, CyberArk is uniquely positioned to meet this critical need. We look forward to working closely with CyberArk customers around the world to advance their privileged account security strategies for the cloud."