Cyber-Ark Software Chooses IBM to Help Deliver On Demand Business Solutions to Meet Banking Industry Customer Needs8 December 2005
Cyber-Ark® Software Inc., the information
security software provider that allows enterprises to protect, manage and
exchange valuable information, today announced it has achieved banking
industry optimization in IBM's PartnerWorld Industry Networks. Cyber-Ark
can now take advantage of IBM's sales, marketing and technical expertise to
develop and deliver solutions that meet customer requirements throughout
the banking industry.
Banking institutions are continuously seeking solutions that can help them
better integrate processes and applications and allow them to quickly
respond to changing market opportunities -- all key elements in
transforming to an On Demand business. Through PWIN, Cyber-Ark has now
gained the opportunity to market its banking industry solutions through the
IBM sales channel on a worldwide scale. Cyber-Ark also continues to build
applications and provide integration services for IBM's eServers and Ready
for Tivoli.
"We are extremely excited to take our relationship with IBM to the next
level," said J. Alan Bird, vice president of business development at
Cyber-Ark. "Combining IBM's international reach and brand recognition
along with
Cyber-Ark's industry proven security solutions, we are able to provide our
current and future banking customers with a one stop solution that allows
them to secure all critical information and also keep pace with the
changing regulations within compliance reporting."
Cyber-Ark's patented Vaulting Platform creates safe havens that allow
enterprise organizations, banks and other financial service groups to
protect and share information both over the Internet between discrete
enterprises or manage critical information within a single network. The
Cyber-Ark solutions make it easy for employees and partners to collaborate
in a secure manner while reducing the burden on IT with a non-intrusive and
flexible platform that can be easily implemented without any disruption to
a company's existing business process.
"IBM and Cyber-Ark are committed to meeting the security needs of global
banking institutions," said Buell Duncan, GM ISV and Developers Relations,
IBM. "The combination of IBM's open and flexible middleware with
Cyber-Ark's proven security information solution delivers a world-class
solution for banking customers."
The IBM PartnerWorld Industry Networks provide ISVs with comprehensive
business insight, technical resources, networking opportunities, and
marketing and sales support designed to help them reach more customers and
close deals faster. Participants in the PartnerWorld Industry Networks can
team with IBM to bring on demand solutions to market more easily and to
ensure these solutions meet specific industry needs, reflecting how
customers buy technology today.
ISVs can sign up for PartnerWorld Industry Networks at www.ibm.com/isv.
About Cyber-Ark
Cyber-Ark Software is the leader in Vaulting solutions for securely
connecting enterprise organizations. The Company's Inter-Business Vault
provides a secure infrastructure for connecting enterprise organizations
with its partners, customers and sub-contractors over the Internet enabling
them to share, exchange, and manage information securely. Cyber-Ark's
Inter-Business Vault applications include solutions for Treasury Management
files, Product Design files and Source Code. In addition to its
business-to-business solutions, Cyber-Ark's Network Vault provides
solutions for securely managing critical information, such as
administrative passwords and critical documents within the enterprise.
Today Cyber-Ark enjoys strong customer relationships with more than 150
Global 1000 companies around the world.
Founded by a group of leading military security experts and computer
engineers, Cyber-Ark Software is privately held and backed by some of the
world's most successful venture capitalists, including Jerusalem Venture
Partners, Seed Capital Partners (a SOFTBANK Affiliate), JP Morgan/Chase
Partners and Vertex Management.
The Company is located in Dedham, Mass. and on the World Wide Web at
www.cyber-ark.com.
Media Contacts:
Jason Ouellette
PAN Communications
978/474-1900
Email Contact
Richard April
Cyber-Ark
781-251-0670
Email Contact
SOURCE: IBM
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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