CyberArk snaps up identity startup Idaptive for $70M

TechCrunch

Zack Whittaker

Israeli cybersecurity company CyberArk has acquired identity startup Idaptive for $70 million in an all-cash deal.

CyberArk is one of the shining stars in the Israeli cybersecurity scene before its initial public offering in 2013 saw it go public on the Nasdaq. To date, its share price has almost quadrupled.

At the core of CyberArk’s identity and privileged access management technology is making sure the right people — like corporate employees — can access the right systems and services. Data suggests exposed or breached credentials can account for most data breaches. Having technologies in place that put barriers in place to prevent credential misuse can...

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