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Image Credits:Brad Barket / Stringer / Getty Images 5:26 AM PST · February 13, 2025
Information security company CyberArk has acquired identity access and governance platform Zilla Security in a deal worth up to $175 million.
Founded in 1999, Boston-based CyberArk specializes in access management, including privileged access security which helps organizations protect sensitive data and critical infrastructure from external (and internal) threats.
CyberArk went public on the Nasdaq in 2014, with its shares surging 41% in the past year to an all-time high valuation of more than $18 billion. Earlier today, the company posted its Q4 results, reporting a revenue hike of 41%, with its subscription revenue in particular rising 62%. Moreover, its annual recurring revenue (ARR) surpassed the $1 billion mark.
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Paul is a senior writer based in London, focused largely (but not exclusively) on the world of UK and European startups. He also writes about other subjects that he’s passionate about, such as the business of open source software.
 
 Prior to joining TechCrunch in June 2022, Paul had gained more than a decade’s experience covering consumer and enterprise technologies for The Next Web (now owned by the Financial Times) and VentureBeat.
 
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