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CyberArk Debuts on Nasdaq Up Over 50% as Cyber Security is Top Priority for the C-Suite

Software firm CyberArk offers a new layer of cyber security that detects cyber attacks on privileged accounts.

Cyber security demand is stronger than ever following security breaches at top brands like Target, JP Morgan Chase, Home Depot and Apple. Software firm CyberArk, which IPO'd on the Nasdaq Wednesday, offers a new layer of cyber security that detects cyber attacks on privileged accounts. Because of the increased demand in cyber security, a flood of venture capital firms have been bringing companies to the public market. CyberArk Software is already profitable with 1,500 global clients and 35% of the Fortune 100. The company is in only 15% of the global Fortune 2000 and that is where the growth opportunity lies. A portion of the IPO proceeds will go to R&D and investment in innovation.

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