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CyberArk Buys Conjur

May 16, 2017

Israel-based security company CyberArk Software has acquired Conjur, a Massachusetts company that delivers a DevOps security software platform, for $42 million in cash.

Conjur’s revolutionary technology for securing DevOps extends CyberArk’s reach deeper into the DevOps lifecycle to protect secrets and manage machine identities.

With the addition of Conjur, recently named a Cool Vendor in DevOps by Gartner, CyberArk uniquely empowers CIOs and CISOs to accelerate modern software deployment – securely – with the industry’s only enterprise-class security solution that delivers comprehensive privileged account management and secrets protection.

“While empowering organizations with more efficiency and speed, the DevOps process is also dramatically expanding the attack surface across the entire enterprise,” said Udi Mokady, Chairman and CEO, CyberArk.

“CyberArk’s acquisition of Conjur further strengthens our market leadership position – providing the industry’s only enterprise-class solution for privileged account security and secrets management on premises, in the cloud and across the DevOps pipeline. Now with Conjur, CyberArk customers can truly embrace DevOps without compromising on security.”

Due to the dynamic nature of DevOps, “secrets” – which are privileged account credentials, SSH Keys, API keys and more – are proliferating throughout the IT infrastructure at a rapid-fire pace, creating massive security risks for organizations.

“A Gartner survey in mid-2016 found that 50 percent of enterprises would be using DevOps by the end of 2016.”

However, Gartner estimates “that fewer than 20 percent of enterprise security architects have engaged to systematically incorporate information security into their organizations' DevOps initiatives.”

CIOs, CISOs and developers need solutions that offer control and security without impeding the agility and speed of the DevOps pipeline.

Conjur and CyberArk integrate with leading DevOps tools and platforms including Puppet, Chef and Ansible to further enable agile development processes.

“Conjur’s innovative DevOps security solution is gaining momentum with developers, security and operations teams in modern enterprise IT organizations around the world,” said Elizabeth Lawler, CEO and co-founder, Conjur.

“We are excited to become part of CyberArk to set a new industry standard for privileged account security and secrets management, helping customers move to a true DevSecOps delivery model that supports greater business agility.”

Copyright: North America Procurement Council, Inc. PBC