Petach Tikvah, Israel-based cybersecurity company CyberArk (NASDAQ: CYBR) acquired Viewfinity, Inc., a Waltham, Massachusetts-based provider of privilege management and application control software, for $30.5m.
The transaction is expected to close in the fourth quarter of 2015. The acquisition will enable CyberArk to offer protection against privileged-based attacks targeting both business and IT users limiting the privileges available to users and applications to only what is needed, allowing only trusted applications to run. This enables organizations to stop the progression of most malware-based attacks at the endpoint, limiting the attacker’s ability to move beyond their initial point of entry.
Led by Gil Rapaport, president and co-founder, Viewfinity is a leader in privilege management and application control software. Through automated, policy based monitoring, elevation, threat detection, and incident remediation, the solution eliminates the administrative bottlenecks of operating with admin rights removed while bringing end-point level visibility and actionable data to security. The company also has research and development facilities in Beit Dagan, Israel. Founded in 2007, Viewfinity serves approximately 300 customers in a diverse range of industries including energy, telecommunications, government and education and is backed by Longworth Venture Partners, Giza Venture Capital and JK&B Capital.
Led by Udi Mokady, President and Chief Executive Officer, CyberArk proactively secures against cyber threats before attacks can escalate and do irreparable damage. The company serves leading companies to protect their highest value information assets, infrastructure and applications. A global company, CyberArk also has U.S. headquarters located in Newton, Mass.
FinSMEs
08/10/2015