Israeli cybersecurity firm CyberArk Software program has introduced the acquisition of US firm Zilla Safety for $165 million in money and an extra $10 million in potential milestone funds. This newest acquisition follows CyberArk’s completion of the $1.54 billion acquisition of machine identification administration options firm Venafi for $1.45 billion – the most important acquisition within the firm’s historical past. On the finish of 2024, CyberArk had $841 million in money.
CyberArk focuses on identification administration and safety whereas Zilla Safety makes a speciality of identification governance and administration (IGA). CyberArk mentioned that the acquisition, “Will broaden CyberArk’s industry-leading Id Safety Platform with scalable automation that permits accelerated identification compliance and provisioning throughout digital environments, whereas maximizing safety and operational effectivity.” CyberArk added that, “Within the wake of digital transformation, organizations require scalable options that may seamlessly lengthen throughout hybrid environments.”
Up to now IGA options relied on guide processes that slowed down enterprise actions, whereas the modern IGA area is constructed across the cloud setting, with AI-based enterprise procedures, permitting simpler identification administration. CyberArk mentioned, “Zilla will be deployed 5 occasions quicker; full entry critiques with 80% much less effort; and allow quicker provisioning with 60% fewer service tickets.”
Sturdy steering for the remainder of 2025
On the identical time CyberArk has printed its outcomes for the fourth quarter and full yr 2024, beating the analysts’ forecasts. Income grew 41% within the fourth quarter to $314 million, with a GAAP internet lack of $97.1 millioon and a non-GAAP internet revenue of $40.4 million or earnings per share of $0.80. In 2024, the corporate’s income was up 33% to $1.001 billion and annual recurring income was $1.169 billion. GAAP internet loss was $93.5 million, whereas GAAP internet revenue was $148 million.
Within the first quarter of 2025, CyberArk forecasts income of $301-307 million and non-GAAP internet revenue of $39.8 million or earnings per share of $0.74-0.81. For full yr 2025, the corporate forecasts income progress of 31%-32% to $1.308-1.318 billion and non-GAAP internet revenue of $186 million or $.3.55-3.70 per share. This steering is greater than the analysts’ forecast on income and the same on revenue.
CyberArk is presently the second most dear Israeli firm on Wall Road after cybersecurity firm Verify Level Software program Applied sciences Ltd. (Nasdaq: CHKP). Over the previous week it has leapfrogged Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA).
RELATED ARTICLES
Replace: CyberArk’s share value opened 5% greater on Wall Road at the moment, giving a market cap of $19.5 billion.
Printed by Globes, Israel enterprise information – en.globes.co.il – on February 13, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
