- Privileged access management company Cyberark Software Ltd (NASDAQ: CYBR) announced it has acquired IDaptive Holdings
Privileged access management company Cyberark Software Ltd (NASDAQ: CYBR) announced it has acquired IDaptive Holdings. Going forward, CyberArk and Idaptive will deliver the industry’s only modern identity platform with a security-first approach. The acquisition terms for Idaptive was $70 million in cash consideration.
CyberArk — which is based in Petach Tikva, Israel and has U.S. headquarters in Newton, Massachusetts — works with over 50% of the Fortune 500 for protecting against external attackers and malicious insiders.
As organizations are moving IT resources to hybrid and multi-cloud environments and accelerate automation and digital transformation initiatives, the number of privileged credentials associated with human, application, and machine identities continues to grow exponentially. And so do the risks.
In modern IT environments, all identities can become privileged under certain conditions based on the systems, environments, applications or data they are accessing, or the types of operations they are performing. And a…
