CyberArk snaps up Zilla Security for up to $175M

Information security company CyberArk has acquired identity access and governance platform Zilla Security in a deal worth up to $175 million.

Founded in 1999, Boston-based CyberArk specializes in access management, including privileged access security which helps organizations protect sensitive data and critical infrastructure from external (and internal) threats.

CyberArk went public on the Nasdaq in 2014, with its shares surging 41% in the past year to an all-time high valuation of more than $18 billion. Earlier today, the company posted its Q4 results, reporting a revenue hike of 41%, with its subscription revenue in particular rising 62%. Moreover, its annual recurring revenue (ARR) surpassed the $1 billion mark.

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