CyberArk buys US DevOps co Conjur for $42m

Udi Mokady CEO CyberArk

The Israeli cyber security company can now extend its reach deeper into the DevOps cycle.

Israeli cyber security company CyberArk Software Inc. (Nasdaq:CYBR) has acquired privately-held US DevOps company Conjur Inc. for $42 million in cash.

Based in Newton, Massachusetts, Conjur’s technology for securing DevOps will extend CyberArk’s reach deeper into the DevOps lifecycle to protect secrets and manage machine identities. With the addition of Conjur, Petah Tikva-based CyberArk will empower companies to accelerate software deployment securely, with the industry’s only enterprise-class security solution that delivers comprehensive privileged account management and secrets protection.

CyberArk chairman and CEO Udi Mokady said, “While empowering organizations with more efficiency and speed, the DevOps process is also dramatically expanding the attack surface across the entire enterprise. CyberArk’s acquisition of Conjur further strengthens our market leadership position – providing the industry’s only enterprise-class solution for privileged account security and secrets management on premises, in the cloud and across the DevOps pipeline. Now with Conjur, CyberArk customers can truly embrace DevOps without compromising on security.”

Conjur cofounder and CEO Elizabeth Lawler said, “Conjur’s innovative DevOps security solution is gaining momentum with developers, security and operations teams in modern enterprise IT organizations around the world. We are excited to become part of CyberArk to set a new industry standard for privileged account security and secrets management, helping customers move to a true DevSecOps delivery model that supports greater business agility.”

Published by Globes [online], Israel business news - www.globes-online.com - on May 12, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

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Udi Mokady CEO CyberArk
Udi Mokady CEO CyberArk
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