CyberArk gives Boston a historic cybersecurity IPOSep. 28, 2014
CyberArk Software has become Boston’s first broadly focused cybersecurity company to go public in two decades, with an initial public offering that saw strong demand from investors and raised $86 million.
CyberArk joins the ranks of established security software firms with a major Massachusetts presence including EMC-owned RSA, Kaspersky Lab, and Symantec.
It’s the first IPO of a local data security company that serves all industries since the forerunner of RSA, Cambridge’s Security Dynamics Technologies, went public in 1994. Lexington’s Imprivata provides security software for health care and went public in June, but CyberArk is “the first IPO in many years of a pure information security play out of Boston,” CyberArk chief executive Udi Mokady said today.
CyberArk is jointly headquartered in Newton and in Israel; about 100 of the company’s nearly 400 employees are based in Newton, as is Mokady.
For the full BetaBoston news item click here.