CyberArk has made a significant move by acquiring Zilla Security, an identity access and governance platform, for a deal potentially worth up to $175 million. This acquisition aligns with CyberArk's expertise in access management, especially in privileged access security, crucial for safeguarding sensitive data. The company recently reported impressive Q4 results, showcasing a 41% revenue increase and a 62% rise in subscription revenue, pushing its annual recurring revenue (ARR) over $1 billion. This growth underscores CyberArk’s strategic position in a booming cybersecurity market.
CyberArk, a leading information security company, has acquired Zilla Security for up to $175 million, enhancing its identity access and governance capabilities.
With shares up 41% in the past year and a market valuation exceeding $18 billion, CyberArk's strong performance highlights the increasing demand for access management solutions.
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