Move to reshape Identity Governance and Administration
CyberArk the global leader in identity security, has announced it has acquired Zilla Security, a leader in modern Identity Governance and Administration (IGA) solutions.
Zilla’s innovative, AI-powered IGA capabilities will expand CyberArk’s industry-leading Identity Security Platform with scalable automation that enables accelerated identity compliance and provisioning across digital environments, while maximizing security and operational efficiency.
This acquisition further advances CyberArk’s strategy to deliver the industry’s most powerful, comprehensive identity security platform to secure every identity, human and machine, with the right level of privilege controls.
Under the terms of the agreement, CyberArk has acquired Zilla Security for an enterprise value of US$ 165mn in cash and a US$ 10mn earn-out tied to the achievement of certain milestones.
IGA capabilities
“By expanding the CyberArk Identity Security Platform with Zilla’s modern IGA capabilities, we will reshape identity governance with scalable automation that delivers compliance and helps maximize security for the modern enterprise,” said Matt Cohen, Chief Executive Officer, CyberArk.
“We are delighted to welcome Zilla’s co-founders Deepak Taneja and Nitin Sonawane, along with their talented team, to CyberArk. Their experience and expertise in IGA are unparalleled and will be instrumental in helping us shape the future of modern IGA and identity security,” he added.
“Zilla represents a fundamental shift in how organizations can manage identity governance and administration. By harnessing the power of AI, we’ve automated IGA, making it simpler, faster and more cost-effective,” stated Deepak Taneja, Chief Executive Officer and Co-Founder, Zilla Security.
