Cyberark snaps Zilla Security for up to $175 million

Identity Security Company Cyber ​​Ark I have it I’ve got it Identity Governance and Management (IGA) Platform Zilla Security With transactions worth up to $175 million.

Founded in 1999, Boston-based Cyberark specializes in Access Managementinclude Privileged Access Security This helps organizations protect sensitive data and critical infrastructure from external (and internal) threats.

Zilla is another Boston-based security company operated in the realm of identity and access management. Founded in 2019, Zilla is an additional Nimbler Cloud native player More automation and AI-compatible functions The platform of the past few years has become an attractive proposal for companies founded early in the web before cloud computing took hold.

The long and shortfall of all of this is that Cyberark wants to turbo-charge its products with a “specially for the cloud” tool. AI is in easy integration with the core of hybrid and multi-cloud environments.

Cyberark has been published on Nasdaq 2014its stock 41% has skyrocketed to an all-time high in the past year valuation of over $18 billion. Today the company posted it Q4 resultsreported a revenue increase of 41%, particularly subscription revenues up 62%. Furthermore, its annual recurring revenue (ARR) exceeded $1 billion.

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