Digital vaulting booms as Cyber-Ark signs Vistorm

That’s the verdict from information security firm Cyber-Ark which has just witnessed its best ever quarter, and revenues soaring 300% in six months on the back of a 100% increase in customers. The firm says that with compliance and audits fuelling the market, demand has never been so high, especially from bigger companies. As a result it has signed six new partners, including managed security service provider Vistorm. Steve Browell, Vistorm’s general manager, says: “Cyber-Ark’s vaulting technology addresses a market need that many of our customers see as an issue. It also fits nicely with our ‘information assurance’ approach and our focus on helping organisations address their compliance challenges.” Cyber-Ark’s technology is already used to secure the most valuable assets of some of the largest military, banking, manufacturing, airline and government enterprises in the world. Users include BT, AstraZeneca, Roche, Motorola, Orange and Standard Bank – all of which use digital vaulting to archive and share critical information securely. Says Cyber-Ark European director Calum Macleod: “There is a real buzz around our product at the moment as more and more companies recognise the need to be able to store and manage their critical and sensitive data in a digital capacity which is safe, intuitive and easy to use.”