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CyberArk to Acquire Viewfinity, Extending Privileged Account Security Solution to Limit Progression of Malware-based Attacks

NEWTON, Mass. & PETACH TIKVAH, Israel--(BUSINESS WIRE)--

CyberArk (NASDAQ:CYBR), the company that protects organizations from cyber attacks that have made their way inside the network perimeter, today announced that it has signed a definitive agreement to acquire privately held Viewfinity, Inc., a Waltham, Mass.-based provider of Windows least privilege management and application control software for $30.5 million in cash. The transaction is expected to close in the fourth quarter of 2015.

Acquiring Viewfinity enables CyberArk to remove administrative privileges from business users, and limit the privileges available to users and applications to only what is needed, allowing only trusted applications to run. This enables organizations to stop the progression of most malware-based attacks at the endpoint, limiting the attacker’s ability to move beyond their initial point of entry.

With the acquisition of Viewfinity, CyberArk will offer protection against privileged-based attacks targeting both business and IT users. Viewfinity’s integrated least privilege and application control solution, combined with CyberArk’s credential vaulting will provide a comprehensive endpoint privilege management solution from the established leader in privileged account security.

The Viewfinity offering is available as either an on-premise or SaaS-based solution.

“CyberArk’s acquisition of Viewfinity is another step forward in our strategy to advance the new security layer inside the network that is necessary to protect valuable corporate assets from cyber attacks,” said Udi Mokady, President and Chief Executive Officer of CyberArk. “Privilege vulnerabilities exist all throughout an organization’s IT infrastructure – whether deep within the network or on end user devices -- and are exploited in 80-100% of advanced attacks. The addition of Viewfinity to the CyberArk solution extends privileged account security to the beginning stages of the attack cycle decreasing the probability of wider infection and lateral movement.”

The Viewfinity solution operates with a single agent on the endpoint that handles privilege management and application control, using a kernel-based architecture that provides deep forensics and detection capabilities. The solution also offers a variety of deployment options, allowing organizations to select the most effective strategy to speed time to value, simplify deployment processes and reduce costs.

“Windows privilege management is an important part of a robust privileged account...


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