CyberArk
CyberArk is an identity-security company best known for privileged access management and protection of sensitive accounts, systems, and information.
Last updated October 14, 2026
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Overview
CyberArk is an Israeli information-security company whose brand is associated primarily with privileged access management, identity security, and the protection of high-value accounts and systems. Founded in Israel in 1999 by Udi Mokady and Alon N. Cohen, the company developed around the security problem posed by privileged credentials: administrator accounts, service accounts, application identities, and other identities that can provide broad access to an organization’s infrastructure and sensitive data. Its technology is intended to reduce the risk that attackers can use stolen, excessive, or poorly controlled privileges to move through corporate networks. The company serves organizations in sectors where identity compromise can have particularly serious operational or regulatory consequences, including financial services, energy, retail, healthcare, and government. Its commercial scope has expanded beyond conventional privileged-account vaulting toward a broader identity-security platform delivered through subscriptions. The platform approach covers the discovery, management, protection, monitoring, and controlled use of privileged and other sensitive identities across enterprise systems, endpoints, applications, cloud environments, and development workflows. CyberArk was founded in Israel and maintains its principal headquarters in Petah Tikva, while Newton, Massachusetts serves as its United States headquarters. It has also operated offices across the Americas, Europe, the Middle East and Africa, Asia-Pacific, and Japan. The international footprint reflects a business model based on serving large enterprises and public-sector customers across multiple regulatory environments. A major corporate turning point came in 2014, when CyberArk filed for an initial public offering in the United States and began trading on NASDAQ under the symbol CYBR. Public-company status supported its international expansion and gave the company a visible position in the enterprise-security market. In the following years, CyberArk continued to emphasize privileged access as a foundational element of enterprise defense while broadening its product portfolio and platform terminology. The company also invested in Israeli research and development capacity. It opened a center at the Gav-Yam Negev Tech Park in Beersheba in May 2021 and announced an expansion of that center in April 2022. In 2023, leadership passed from co-founder Udi Mokady to Matt Cohen. Mokady moved from chief executive officer to executive chair, while Cohen, who had previously served as chief revenue officer and chief operating officer after joining in 2019, became CEO in April 2023. According to the supplied reference material, Palo Alto Networks announced an agreement to acquire CyberArk on July 30, 2025, and the acquisition closed in February 2026. CyberArk therefore became a Palo Alto Networks subsidiary rather than remaining an independent public company. The same material reports employee reductions following the closing, affecting more than 10 percent of CyberArk’s Israeli and global staff. CyberArk’s continuing identity-security capabilities are consequently positioned within Palo Alto Networks’ broader cybersecurity portfolio.
History
CyberArk was established in Israel in 1999 by Udi Mokady and Alon N. Cohen. Its original and enduring area of specialization was the protection of privileged accounts and the sensitive information reachable through them. Privileged credentials are especially important in enterprise security because they can allow administrators, operators, applications, or services to make broad changes to systems and data. CyberArk’s business developed around placing controls around those identities, limiting unnecessary exposure, and recording or governing their use. The company’s customer base has included organizations in financial services, energy, retail, healthcare, and government. These sectors commonly operate complex infrastructure and face strong requirements for access control, auditability, resilience, and protection of confidential information. CyberArk established a global operating footprint, with its principal headquarters in Petah Tikva, an American headquarters in Newton, Massachusetts, and offices in the Americas, EMEA, Asia-Pacific, and Japan. CyberArk’s principal commercial platform was initially described in terms of privileged account or privileged access security. Over time, its product strategy broadened toward identity security delivered through subscription offerings. The expanded scope addressed not only traditional administrator accounts but also other identities and credentials used by employees, applications, machines, services, and cloud environments. This evolution allowed the brand to present privileged access as one component of a wider identity-protection architecture. In June 2014, CyberArk filed for an initial public offering with the U.S. Securities and Exchange Commission. It became a public company during 2014 and traded on NASDAQ under the symbol CYBR. The listing marked a significant corporate transition and supported the company’s profile in the global enterprise-security market. CyberArk continued investing in development capacity in Israel. It opened a research and development center at the Gav-Yam Negev Tech Park in Beersheba in May 2021. In April 2022, the company announced an expansion of that center, reinforcing its investment in engineering and research operations outside its central headquarters. Leadership changed in 2023. Udi Mokady, who had served as chief executive officer since November 2005, moved to the role of executive chair. Matt Cohen became chief executive officer in April 2023 after previously serving as chief revenue officer and chief operating officer. The transition represented a move from founder-led operational management to a new phase of executive leadership while retaining Mokady in a senior board role. The company’s ownership changed again after Palo Alto Networks announced an agreement to acquire CyberArk on July 30, 2025. The supplied reference material states that the acquisition closed in February 2026. CyberArk consequently became a subsidiary of Palo Alto Networks. The same material reports workforce reductions after the transaction, affecting more than 10 percent of CyberArk’s Israeli and global employees. The brand’s identity-security and privileged-access capabilities are therefore described as part of Palo Alto Networks’ broader cybersecurity portfolio.
- 2026
CyberArk becomes a Palo Alto Networks subsidiary
[1]The supplied reference material states that the acquisition closes in February 2026, followed by reported workforce reductions.
- 2025
Palo Alto Networks announces CyberArk acquisition
[1]Palo Alto Networks announces an agreement to acquire CyberArk.
- 2023
Leadership passes from Udi Mokady to Matt Cohen
[1]Mokady becomes executive chair and Matt Cohen assumes the CEO role in April.
- 2022
Beersheba R&D center expansion is announced
[1]The company announces an expansion of its Beersheba research and development operations.
- 2021
Beersheba research and development center opens
[1]CyberArk opens a research and development center at the Gav-Yam Negev Tech Park in Beersheba.
- 2014
CyberArk becomes publicly traded
[1]After filing for a U.S. initial public offering, CyberArk begins trading on NASDAQ under the symbol CYBR.
- 2005
Udi Mokady becomes chief executive officer
[1]Mokady begins the CEO tenure that continues until the leadership transition announced for 2023.
- 1999
CyberArk is founded in Israel
[1]Udi Mokady and Alon N. Cohen establish CyberArk, initially focusing the company on protection of privileged accounts and sensitive enterprise information.
Products and positioning
Enterprise identity-security specialist focused on controlling privileged access and protecting high-value human, machine, application, and service identities.
Identity security platform
CyberArk Identity Security Platform
CyberArk’s subscription-oriented platform strategy brings together controls for protecting identities and access across enterprise environments. Its scope extends beyond conventional administrator credentials to include privileged users, applications, machines, services, and other identities. The platform is positioned as a way to discover sensitive access, apply appropriate controls, monitor activity, and reduce the exposure created by excessive or compromised privileges.
Privileged access management
CyberArk Privileged Access Manager
Privileged Access Manager is the brand’s core privileged-access offering. It is designed to control and govern access to critical systems by administrators and other high-impact users, while helping organizations protect credentials and sensitive information. Typical capabilities associated with this category include centralized management of privileged accounts, controlled access workflows, monitoring, and audit records.
Privileged account security
CyberArk Privileged Account Security
The Privileged Account Security platform addresses the risk posed by privileged accounts and the information accessible through them. Its purpose is to make high-value credentials less exposed and more governable, reducing the chance that attackers can enter or move through an organization by compromising an administrator or another key account holder.
Identity and access management
CyberArk Identity
CyberArk Identity is an identity-management offering associated with the company’s broader identity-security portfolio. It extends the brand beyond privileged accounts toward management and protection of user access to applications and organizational resources.
Brand decisions
2026
Post-acquisition workforce reductionStrategyBackground
Following completion of the Palo Alto Networks acquisition, the combined organization adjusted its workforce structure.
Action taken
The supplied reference material reports employee cuts affecting more than 10 percent of CyberArk’s Israeli and global staff.
Aftermath
CyberArk continued as a Palo Alto Networks subsidiary, but the reported reductions changed its employee base.
2025
Agreement to be acquired by Palo Alto NetworksM&ABackground
CyberArk’s identity-security and privileged-access capabilities were proposed for combination with Palo Alto Networks’ broader cybersecurity portfolio.
Action taken
Palo Alto Networks announced an agreement to acquire CyberArk.
Aftermath
The supplied reference material states that the transaction closed in February 2026 and that CyberArk became a Palo Alto Networks subsidiary.
2023
Founder-to-successor CEO transitionStrategyBackground
Udi Mokady had led CyberArk as CEO since 2005, while Matt Cohen had held senior commercial and operating roles after joining the company in 2019.
Action taken
CyberArk appointed Matt Cohen as CEO effective April 2023 and moved Mokady into the executive chair role.
Aftermath
The company retained founder involvement at board level while changing its day-to-day executive leadership.
2022
Expansion of the Beersheba R&D centerStrategyBackground
CyberArk had opened a research and development center at the Gav-Yam Negev Tech Park in 2021 and continued building its Israeli engineering capacity.
Action taken
The company announced an expansion of the Beersheba center.
Aftermath
The expansion reinforced CyberArk’s distributed research and development footprint in Israel.
2014
Initial public offering and NASDAQ listingOtherBackground
CyberArk sought access to public capital markets and greater visibility among enterprise-technology investors.
Action taken
The company filed for a U.S. IPO and began trading on NASDAQ under the symbol CYBR.
Aftermath
CyberArk operated as a public company until its later acquisition by Palo Alto Networks.
Recent events
Reported
CyberArk announces Cloud Entitlements Manager service[3]
CyberArk announced CyberArk Cloud Entitlements Manager, an AI-powered service designed to strengthen cloud security by continuously monitoring cloud access and identifying and removing excessive permissions.
Reported
CyberArk announces acquisition of Idaptive[4]
CyberArk announced its acquisition of Idaptive for $70 million in cash. Another source describes Idaptive as already acquired; the sources do not establish a consistent completion status.
Sources5 sources
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