from the October 2014 issue

CyberArk Software nearly doubles after Nasdaq IPO

The Petah Tikva based cyber security company has a market cap of $881 million.

Israeli cyber security company CyberArk Software Ltd. (Nasdaq:CYBR) raised $85.8 million last Wednesday on Nasdaq at a company value of $473 million. The company sold 5.36 million shares at $16 per share, above the planned range of $13-15.

CyberArk Software prices Nasdaq IPO above range Nasdaq trading following Mobileye (NYSE: MBLY) and ReWalk Robotics Ltd. (Nasdaq:RWLK).

Petah Tikva based CyberArk Software has developed a new layer of IT security solutions that protects organizations from cyber attacks that have made their way inside the network perimeter. CyberArk was founded 15 years ago by CEO Udi Mokady. The company has raised $70 million to date and its largest investor is Jerusalem Venture Partners (JVP).

Reprinted from the Israel High-Tech & Investment Report October 2014

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