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#Cybersecurity Stock News: CyberArk (NASDAQ: $CYBR) Now Available on U.S. Army ITES Software Contract; @CyberArk

CyberArk Inclusion in Additional Federal Government Contract Continues to Make It Easier for Agencies to Implement Proactive Privileged Account Security Solutions

 

NEWTON, Mass. - January 30, 2017 (Investorideas.com Newswire) 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.

Contacts

Media Relations Contacts:
fama PR
Brian Merrill, +1-617-986-5005
cyberark@famapr.com

CyberArk
Liz Campbell, +1-617-558-2191
press@cyberark.com

Investor Relations Contact:
CyberArk
Erica Smith, +1 617-630-6426
ir@cyberark.com

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