“Pioneering Identity Security Company CyberArk Makes Multi-Million Dollar Move with Zilla Security Acquisition”
In a groundbreaking deal valued at up to $175 million, CyberArk has acquired Zilla Security, a cutting-edge identity governance and administration platform. This strategic move aims to revolutionize the realm of identity security by combining CyberArk’s expertise in access management with Zilla’s innovative cloud-native solutions.
CyberArk, founded in 1999, has a proven track record in privileged access security, safeguarding organizations against both external and internal threats. With numerous successful acquisitions under its belt, including the $1.54 billion purchase of Venafi, CyberArk continues to lead the industry in security solutions.
On the other hand, Zilla Security, established in 2019, brings a fresh perspective to identity and access management with its focus on automation and AI-driven features. By integrating Zilla’s modern IGA capabilities into their platform, CyberArk aims to reshape identity governance for the modern enterprise.
As CyberArk expands its Identity Security Platform with Zilla’s tools tailored for the cloud, the company is set to revolutionize compliance and security in hybrid- and multi-cloud environments. With a sharp focus on scalability and automation, this acquisition signifies a new chapter in the evolution of identity security.
Through this transaction, CyberArk will incorporate key Zilla services, such as Zilla Comply and Zilla Provisioning, into their product lineup. Furthermore, the co-founders of Zilla, Deepak Taneja and Nitin Sonawane, along with their team, will join forces with CyberArk to drive innovation and excellence in identity security.
This partnership marks a significant milestone in the ever-evolving landscape of cybersecurity, showcasing the power of collaboration and innovation in shaping a secure digital future.
