The last quarter has been the best ever for Cyber-Ark Software, the information security software company that develops and markets Digital Vaults for securing and managing privileged passwords and highly-sensitive information.
As the product has become more mainstream and with compliance and audits fuelling the market, demand has never been so high from major enterprises across the globe. As a result 6 new partners have recently been signed up, amongst them is Vistorm information assurance specialist and managed security service provider.
Steve Browell general manager Technology Business Vistorm said: Cyber-Arks vaulting technology addresses a market need that many of our customers see as an issue. It also fits nicely with our Information Assurance approach and our focus on helping organisations address their compliance challenges. We are looking forward to incorporating their product into our portfolio of managed secure infrastructure services and solutions and working alongside a respected and trusted supplier that helps us to meet the requirements of our customers.
Cyber-Ark has seen a huge upturn in business over the past 6 months, with a 100% increase in their customer base and revenues increasing three fold. Cyber-Arks technology is already used to secure the most valuable assets of some of the largest military, banking, manufacturing, airline and governmental enterprises in the world. Companies such as Voca, BT, AstraZeneca, Roche, Motorola, Orange, Mizuho Bank, Rabobank, Belgacom and, Standard Bank have long been digital vaulting advocates using the Vaulting Solution as a "safe haven" within their enterprises for all critical information assets to be archived, transferred and shared. Cyber-Arks award-winning Enterprise Password Vault is the most popular product in the Cyber-Ark portfolio for many large institutions and financial organisations as it is has become the de-facto solution for administrative password management whereby companies can manage, secure, auto-update and log all activities associated with their privileged passwords.
Calum Macleod European director for Cyber-Ark said: There is a real buzz around our product at the moment as more and more companies recognise the need to be able to store and manage their critical and sensitive data in a digital capacity which is safe, intuitive and easy to use. Vistorm is a natural partner for Cyber-Ark as many of their customers meet exactly our existing customers criteria with many looking for proven, best of breed products such as ours. With Vistorms reputation and standing in the corporate community we are certain that with our out-of-the-box security solution uniquely positioned to eliminate one of todays biggest IT security risks and compliance challenges, we will very quickly see the results of this new partnership.
Cyber-Ark Software is an Information Security company that develops and markets digital vaults for securing and managing privileged passwords and highly-sensitive information. Based on its patented Vaulting Technology, Cyber-Ark's digital vault products include: The Inter-Business Vault, a secure infrastructure for cross-enterprise data exchange of highly-sensitive information; the Sensitive Document Vault, for secure storage and management of highly-sensitive documents, and the Enterprise Password Vault, for the secure management of administrative, emergency and privileged user passwords. Cyber-Arks Vaulting platform has been tested by ICSA Labs, an independent division of Cybertrust. ICSA is the security industry's central authority for research, intelligence, and certification testing of security products.
Cyber-Ark Software was founded in 1999 by a team of industry-recognized security experts with the aim of producing a truly effective security offering where complete end-to-end security was the initial, key design consideration rather than applied as an afterthought. Today, over 200 Global 1000 companies rely on Cyber-Ark Software's digital vault solutions for managing, sharing and securing highly-sensitive information both within their organization and with their partners, vendors and customers. Cyber-Ark Software is privately held and backed by some of the worlds most successful venture capitalists, including Jerusalem Venture Partners, Seed Capital Partners (a SOFTBANK Affiliate), JP Morgan/Chase Partners and Vertex Management.
The company is located in Dedham, Mass. and on the World Wide Web at www.cyber-ark.com
Founded in 1991, Vistorm is a specialist in delivering industry leading security solutions. Partnering with leading manufacturers, Vistorm combines specialist Consulting, Technology and Managed Services capabilities to offer a complete portfolio of secure infrastructure services and solutions.
Vistorm believes that a clear information assurance strategy is fundamental to good corporate governance. In todays business environment, stakeholder value can be too easily and often unwittingly damaged by information-based risks. Information capital needs to be compliant, secure, available, reliable and accurate. Without this assurance, there is a real danger of financial loss or damage to reputation.
Vistorm is headquartered in Daresbury, Cheshire with 200 employees nationwide.