CyberArk buys US co Zilla Security, reports strong Q4

Israeli cybersecurity firm CyberArk Software program (Nasdaq: CYBR) has introduced the acquisition of US firm Zilla Safety for $165 million in money and an extra $10 million in potential milestone funds. This newest acquisition follows CyberArk’s completion of the $1.54 billion acquisition of machine identification administration options firm Venafi for $1.45 billion – the largest acquisition within the firm’s historical past. On the finish of 2024, CyberArk had $841 million in money.

CyberArk focuses on identification administration and safety whereas Zilla Safety makes a speciality of identification governance and administration (IGA). CyberArk stated that the acquisition, “Will develop CyberArk’s industry-leading Identification Safety Platform with scalable automation that permits accelerated identification compliance and provisioning throughout digital environments, whereas maximizing safety and operational effectivity.” CyberArk added that, “Within the wake of digital transformation, organizations require scalable options that may seamlessly prolong throughout hybrid environments.”

Prior to now IGA options relied on handbook processes that slowed down enterprise actions, whereas the up to date IGA subject is constructed across the cloud setting, with AI-based enterprise procedures, permitting more practical identification administration. CyberArk stated, “Zilla might be deployed 5 occasions quicker; full entry evaluations with 80% much less effort; and allow quicker provisioning with 60% fewer service tickets.”

Robust steerage for the remainder of 2025

On the identical time CyberArk has printed its outcomes for the fourth quarter and full 12 months 2024, beating the analysts’ forecasts. Income grew 41% within the fourth quarter to $314 million, with a GAAP web lack of $97.1 millioon and a non-GAAP web revenue of $40.4 million or earnings per share of $0.80. In 2024, the corporate’s income was up 33% to $1.001 billion and annual recurring income was $1.169 billion. GAAP web loss was $93.5 million, whereas GAAP web revenue was $148 million.

Within the first quarter of 2025, CyberArk forecasts income of $301-307 million and non-GAAP web revenue of $39.8 million or earnings per share of $0.74-0.81. For full 12 months 2025, the corporate forecasts income development of 31%-32% to $1.308-1.318 billion and non-GAAP web revenue of $186 million or $.3.55-3.70 per share. This steerage is increased than the analysts’ forecast on income and the same on revenue.

CyberArk is at present the second most dear Israeli firm on Wall Avenue after cybersecurity firm Examine Level Software program Applied sciences Ltd. (Nasdaq: CHKP). Over the previous week it has leapfrogged Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA).