CyberArk Inclusion in Additional Federal Government Contract
Continues to Make It Easier for Agencies to Implement Proactive
Privileged Account Security Solutions
NEWTON, Mass.--(BUSINESS WIRE)--Jan. 30, 2017--
CyberArk
(NASDAQ: CYBR),
the company that protects organizations from cyber
attacks that have made their way inside the network perimeter, and Carahsoft
Technology Corp., the trusted government IT solutions provider,
today announced the availability of the CyberArk Privileged Account
Security Solution through U.S. Army Information Technology Enterprise
Solutions – Software (ITES-SW) contract.
The ITES-SW
acquisition contract awarded to Carahsoft enhances the U.S. Army’s
ability to purchase commercial software products that have obtained a
full U.S. Army Certificate of Networthiness (CoN). The CyberArk Privileged
Account Security Solution received the Army CoN in 2016, recognizing
that the CyberArk solution is certified for use across the Army
Enterprise Infrastructure Network and verifies compliance with stringent
U.S. Department of Defense (DoD) and Army requirements for security,
sustainability and usability. The ITES-SW contract is the only Army
contract to exclusively carry CoN-certified commercial software
solutions.
“Carahsoft is pleased to add the newly certified CyberArk Privileged
Account Security Solution to our ITES-SW contract and to make it
available to our Army customers and reseller ecosystem,” said Steve
Jacyna, sales director at Carahsoft. “With this solution, we continue to
enhance the ability for the Army to secure its infrastructure and meet
federal recommendations for protecting privileged accounts and
credentials.”
CyberArk delivers innovative solutions that help safeguard against
attacks – whether initiated by external threats or insiders. By offering
a combination of proactive
protection and threat detection, the CyberArk Privileged Account
Security Solution enables organizations to detect a suspected stolen
credential and automatically invalidate it in order to block the
attacker from continuing. CyberArk can also help further reduce the
attack surface by removing
local administrative privileges from business users, granularly
control IT administrator privileges on Windows Servers based on role,
and seamlessly elevate authorized users’ privileges when necessary and
authorized.
“Being added to the ITES-SW contract is a strong acknowledgement of the
importance of privileged account security to the federal government,”
said Kevin Corbett, director of U.S. Federal Business at CyberArk. “We
have a long-standing partnership with Carahsoft, which has a strong
track record for identifying products and solutions that are of
strategic value to their customers. This contract continues to raise the
profile of CyberArk solutions within the federal government, an
important and growing area for our business.”
The CyberArk Privileged Account Security Solution received the U.S.
Army Certificate of Networthiness (Army CoN), and was added to the
U.S. Department of Defense (DoD) Unified Capabilities Approved Products
List (UC
APL). CyberArk was granted Common
Criteria Evaluation Assurance Level EAL 2+ in 2015.
For more information on Carahsoft's ITES-SW contract (W52P1J-15-D-0008),
visit or contact the Carahsoft ITES-SW team at 844-288-ITES (4837) or ITES-SW@carahsoft.com.
To learn more about CyberArk security and compliance solutions for
federal government agencies, visit http://www.cyberark.com/solutions/federal-government-solutions/.
About Carahsoft
Carahsoft Technology Corp. is the trusted
Government IT solutions provider. As a top-ranked GSA Schedule Contract
holder, Carahsoft serves as the master government aggregator for many of
its best-of-breed technology vendors, supporting an extensive ecosystem
of manufacturers, value-added resellers, system integrators, and
consulting partners committed to helping government agencies select and
implement the best solution at the best possible value.
The company's dedicated Solutions Divisions proactively market, sell and
deliver VMware, Symantec, EMC, Adobe, F5 Networks, Open Source, HPE
Software, SAP, CyberArk and Innovative and Intelligence products and
services, among others. Carahsoft is consistently recognized by its
partners as a top revenue producer, and is listed annually among the
industry's fastest growing firms by CRN, Inc., Washington Technology,
The Washington Post, Washington Business Journal, and SmartCEO. Visit us
at www.carahsoft.com.
About CyberArk
CyberArk
is the only security company focused on eliminating the most advanced cyber
threats; those that use insider privileges to attack the heart of
the enterprise. Dedicated to stopping attacks before they stop business,
CyberArk proactively secures against cyber threats before attacks can
escalate and do irreparable damage. The company is trusted by the
world’s leading companies – including 45 percent of the Fortune 100.
CyberArk’s dedicated team based in Washington, D.C. works closely with
many U.S. federal agencies to help protect their highest value
information assets, infrastructure and applications. CyberArk’s U.S.
headquarters are located in Newton, Mass. To learn more about CyberArk,
visit www.cyberark.com,
read the company blog, http://www.cyberark.com/blog/,
follow on Twitter @CyberArk
or Facebook at https://www.facebook.com/CyberArk.
Forward-Looking Statements
This release may contain
forward-looking statements, which express the current beliefs and
expectations of CyberArk’s (the “Company”) management. In some cases,
forward-looking statements may be identified by terminology such as
“believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,”
“should,” “plan,” “expect,” “predict,” “potential” or the negative of
these terms or other similar expressions. Such statements involve a
number of known and unknown risks and uncertainties that could cause the
Company’s future results, performance or achievements to differ
significantly from the results, performance or achievements expressed or
implied by such forward-looking statements. Important factors that could
cause or contribute to such differences include risks relating to:
changes in the rapidly evolving cyber threat landscape; failure to
effectively manage growth; near-term declines in the Company’s operating
and net profit margins and its revenue growth rate; real or perceived
shortcomings, defects or vulnerabilities in the Company’s solutions or
internal network system, or the failure of the Company’s customers or
channel partners to correctly implement the Company’s solutions;
fluctuations in quarterly results of operations; the inability to
acquire new customers or sell additional products and services to
existing customers; competition from IT security vendors; the Company’s
ability to successfully integrate recent and or future acquisitions; and
other factors discussed under the heading “Risk Factors” in the
Company’s most recent annual report on Form 20-F filed with the
Securities and Exchange Commission. Forward-looking statements in this
release are made pursuant to the safe harbor provisions contained in the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements are made only as of the date hereof, and the Company
undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events or
otherwise.
Copyright © 2017 CyberArk Software. All Rights Reserved. All
other brand names, product names, or trademarks belong to their
respective holders.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170130005114/en/
Source: CyberArk
Media Relations Contacts:
fama PR
Brian Merrill,
+1-617-986-5005
cyberark@famapr.com
or
CyberArk
Liz
Campbell, +1-617-558-2191
press@cyberark.com
or
Investor
Relations Contact:
CyberArk
Erica Smith, +1 617-630-6426
ir@cyberark.com