CyberArk buys US co Zilla Security, reports strong Q4

Israeli cybersecurity company Cyberark program I announced an American company Zilla Security For $ 165 million in cash and another $ 10 million in prominent landmark payments. This last acquisition follows the completion of the Cyberark of the acquisition of $ 1.54 billion for the VENAFI ID Solutions for the VENAFI Solutions for $ 1.45 billion – the largest acquisition in the company's history. At the end of 2024, Cyberark had $ 841 million in cash.

Cyberark focuses on identity and security while Zilla Security specializes in IGA governance (IGA). Cyberark said that the acquisition “will expand the leading ID platform in industry from Cyberark with a canable automation that allows accelerating compliance with identity and providing it through digital environments, while increasing security and operational efficiency.” “In the aftermath of digital transformation, institutions require developable solutions that can extend smoothly through mixed environments,” Cyberark added.

In the past, IGA solutions have relied on manual processes that slowed the activities of institutions, while the contemporary IGA field is built around the cloud environment, with artificial intelligence -based business procedures, allowing more effective identity management. “Zilla can be deployed five times faster; 80 % full access reviews; and enable faster provision with 60 % less service tickets,” Cyberark said.

Strong instructions for the rest of 2025

Meanwhile, Cyberark has published its results for the fourth and full year 2024, overcoming analysts' expectations. Revenue grew by 41 % in the fourth quarter to 314 million dollars, with a clear loss of accounting accounting principles in general, $ 97.1, and a net profit other than the principles of acceptable accounting in general amounted to $ 40.4 million or profit per share 0.80 dollars. In 2024, the company's revenues increased by 33 % to $ 1.001 billion, annual repeated revenues amounted to $ 1.169 billion. The loss of GAAP reached $ 93.5 million, while the GAAP profit reached $ 148 million.

In the first quarter of 2025, Cyberark expects the revenues of 301-307 million dollars and a net profit other than the principles of acceptable accounting in general amounted to $ 39.8 million or profit per share from 0.74-0.81 dollars. For a full year 2025, the company expects revenue growth by 31 % -32 % to 1.308-1.318 billion dollars and net profit other than the principles of acceptable accounting in general of $ 186 million or 3.55-3.70 dollars per share. This guidance is higher than analysts' expectations for revenue and similar profit.

Cyberark is currently the second most prominent Israeli company in Wall Street after the Cyber ​​Security Company Check Point Software Technologies Ltd. (Nasdak: Trap). Last week, I jumped Teva Pharmaceutical Industries Ltd. (NYSE: Tifa;; level: Tifa).

Update: The price of Cyber ​​Marrak opened with a 5 % higher in Wall Street today, with the maximum market for $ 19.5 billion.

It was published by Globes, Israel Business News – En.globes.co.il – on February 13, 2025.

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