Actu
JVP and Goldman Sachs Lead $40 Million Investment Round in Cyber-Ark Software
December 2011 by Emmanuelle Lamandé
Cyber-Ark® Software announced that it has signed an agreement for a $40 million investment round led by Goldman Sachs (NYSE: GS) and Jerusalem Venture Partners (JVP).
The transaction includes the purchase of shares from existing shareholders, as well as the provision of growth capital for the company. As part of the round, JVP’s Founder and Chairman Erel Margalit will be nominated Chairman of the Company and David Campbell, a Vice President in the Merchant Banking Division at Goldman Sachs, will join the Board.
Cyber-Ark will use the proceeds to further accelerate growth, while capitalizing on its position as a market leader in Privileged Identity Management. In both traditional data centers and in the cloud, managing access to accounts and data is at the core of delivering system security and trust. Following the round, Cyber-Ark’s main shareholders will include JVP, Goldman Sachs, Vertex Venture Capital and Cabaret-ArbaOne.
