News
CyberArk to Acquire Viewfinity
October 2015 by Marc Jacob
CyberArk announced that it has signed a definitive agreement to acquire privately held Viewfinity, Inc., a Waltham, Mass.-based provider of Windows least privilege management and application control software for $30.5 million in cash. The transaction is expected to close in the fourth quarter of 2015.
Acquiring Viewfinity enables CyberArk to remove administrative privileges from business users, and limit the privileges available to users and applications to only what is needed, allowing only trusted applications to run. This enables organizations to stop the progression of most malware-based attacks at the endpoint, limiting the attacker’s ability to move beyond their initial point of entry.
With the acquisition of Viewfinity, CyberArk will offer protection against privileged-based attacks targeting both business and IT users. Viewfinity’s integrated least privilege and application control solution, combined with CyberArk’s credential vaulting will provide a comprehensive endpoint privilege management solution from the established leader in privileged account security.
The Viewfinity offering is available as either an on-premise or SaaS-based solution.
The Viewfinity solution operates with a single agent on the endpoint that handles privilege management and application control, using a kernel-based architecture that provides deep forensics and detection capabilities. The solution also offers a variety of deployment options, allowing organizations to select the most effective strategy to speed time to value, simplify deployment processes and reduce costs.
Expected Financial Impact of Viewfinity
For the fourth quarter of 2015, CyberArk currently expects the Viewfinity acquisition to have an immaterial impact on revenue and non-GAAP earnings per share. CyberArk currently believes that Viewfinity will contribute approximately $7 million to $9 million in revenue and will be accretive to non-GAAP earnings per share for 2016. Viewfinity has both a perpetual license and subscription-based revenue model.
