Cyber-Ark Software, a Newton, Mass.-based global information security provider for protecting and managing privileged accounts and sessions, critical applications and sensitive information, has received a $40m investment.
The round, which was led by Goldman Sachs (NYSE: GS) and Jerusalem Venture Partners, includes participation from the purchase of shares from existing shareholders (Vertex Venture Capital and Cabaret-ArbaOne), as well as the provision of growth capital.
In conjunction with the transaction, JVP’s Founder and Chairman Erel Margalit will be named Chairman and David Campbell, a Vice President in the Merchant Banking Division at Goldman Sachs, will join the Board.
The company, which currently serves nearly 1000 enterprise customers worldwide, including global banks and Fortune 100 companies, plans to use the capital to further accelerate its global expansion.
Led by President and CEO Udi Mokady, Cyber-Ark provides its customers with solutions (Privileged Identity Management, Sensitive Information Management and Privileged Session Management Suites) to protect and manage privileged users, sessions, applications and sensitive information to improve compliance, productivity and protection against insider threats and advanced external threats.
Cyber-Ark has offices and authorized partners in North America, Europe and Asia Pacific.