CyberArk Strengthens Identity Security Platform with Zilla Security Acquisition

CyberArk Software Ltd. (CYBR), a global leader in identity security, has announced the acquisition of Zilla Security, a leader in modern Identity Governance and Administration (IGA) solutions. The acquisition, valued at $165 million in cash and a $10 million earn-out tied to certain R&D milestones, aims to expand CyberArk's Identity Security Platform with scalable automation for accelerated identity compliance and provisioning across digital environments. This strategic move will further enhance CyberArk's ability to secure every identity – human and machine – with the right level of privilege controls.

Enhancing CyberArk's Identity Security Platform

The integration of Zilla Security's modern IGA capabilities into CyberArk's Identity Security Platform will bring several benefits to customers, including:

1. Scalable Automation: Zilla's AI-driven role management automates identity compliance and provisioning processes, making governance easy, intuitive, and all-inclusive for the modern enterprise. This scalable automation helps CyberArk's customers maintain business agility while protecting digital assets.
2. Faster Deployment and Reduced Effort in Access Reviews: Zilla's platform can be deployed five times faster than legacy IGA systems, and it enables access reviews with 80% less effort. This efficiency helps CyberArk's customers quickly realize value from their investments and maintain compliance more effectively.
3. Improved Provisioning Efficiency: Zilla's automated provisioning capabilities can reduce the number of service tickets by 60%, enabling faster provisioning and improved overall efficiency in identity management.
4. Broad Integration Capabilities: Zilla offers the most complete set of integrations for both commonly used and custom applications, providing fast time to value. This extensive integration capability allows CyberArk to cater to a wider range of customers with diverse application landscapes.
5. Strengthened Market Position: By acquiring Zilla, CyberArk fills a critical gap in the market for modern IGA capabilities, further solidifying its position as the global leader in identity security. This acquisition enables CyberArk to better serve its customers by providing a unified approach to identity security that incorporates modern IGA capabilities into a single platform.

Addressing the Evolving Needs of Modern Digital Environments

This acquisition positions CyberArk as a leader in the competitive identity security landscape by expanding its Identity Security Platform with modern IGA capabilities from Zilla Security. By integrating Zilla's AI-powered IGA solutions, CyberArk can now offer a more comprehensive platform that addresses the evolving needs of modern digital environments, such as the proliferation of privilege in complex identity landscapes, decentralized management, and identity-based security threats.

In conclusion, CyberArk's acquisition of Zilla Security for $165 million is a strategic move that strengthens its Identity Security Platform with modern IGA capabilities. This acquisition enables CyberArk to better address the evolving needs of modern digital environments and further solidifies its position as the global leader in identity security.