CyberArk Buys Zilla Security, Expands Identity Security Platform with Modern Identity ..............
CyberArk, an
identity security provider, announced that it has acquired Zilla Security, a
provider of modern Identity Governance and Administration (IGA) solutions.
Zilla's AI-powered IGA capabilities will expand CyberArk's Identity Security
Platform with scalable automation that enables accelerated identity compliance
and provisioning across digital environments, while maximizing security and
operational efficiency.
CyberArk said this acquisition further advances its strategy
to deliver the industry's most powerful, comprehensive identity security
platform to secure every identity, human and machine, with the right level of
privilege controls.
Under the terms of the agreement, CyberArk has acquired Zilla
Security for $165 million in cash and a $10 million earn-out tied to the
achievement of certain milestones.
In the wake of digital transformation, organizations require
scalable solutions that can seamlessly extend across hybrid environments.
Legacy IGA was built primarily for on-premises environments, relying heavily on
manual processes with slow, time-consuming deployments that leave organizations
stalled and struggling to realize value from their investments. Modern IGA is
purpose-built for the cloud with AI-driven business processes and
out-of-the-box integrations for visibility across cloud and SaaS applications,
enabling effective governance and lifecycle management.
In stark contrast to legacy IGA systems, Zilla's modern IGA
SaaS platform was built from scratch to address today's digital environments,
characterized by an explosion of SaaS applications, decentralized management
and identity-based security threats. Leveraging AI-driven role management,
Zilla automates the processes of identity compliance and provisioning, making
governance easy, intuitive and all-inclusive for the modern enterprise. It
offers the most complete set of integrations for both commonly used and custom
applications and provides fast time to value. Zilla customers experienced in
implementing legacy IGA found that Zilla can be deployed five times faster;
complete access reviews with 80 percent less effort; and enable faster
provisioning with 60 percent fewer service tickets.
"As enterprises navigate the proliferation of privilege
in complex identity landscapes, modern IGA capabilities become critical for
protecting digital assets and maintaining business agility. By expanding the
CyberArk Identity Security Platform with Zilla's modern IGA capabilities, we
will reshape identity governance with scalable automation that delivers
compliance and helps maximize security for the modern enterprise," said
Matt Cohen, Chief Executive Officer, CyberArk. "We're delighted to welcome
Zilla's co-founders Deepak Taneja and Nitin Sonawane, along with their talented
team, to CyberArk. Their experience and expertise in IGA are unparalleled and
will be instrumental in helping us shape the future of modern IGA and identity
security."
"What
worked 20 years ago clearly doesn't work today," said Deepak Taneja, Chief
Executive Officer and Co-Founder, Zilla Security. "Zilla represents a
fundamental shift in how organizations can manage identity governance and administration.
By harnessing the power of AI, we've automated IGA, making it simpler, faster
and more cost-effective. And now with CyberArk, we'll be offering our
breakthrough technology as part of the broader CyberArk Identity Security
Platform, reaching many more customers on a global level."
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