2008-07-22 21:36:08 -

www.cyber-ark.com - PAN Communications Kim Baker, 978-474-1900 Cyber-ark@pancomm.com Cyber-Ark(R) Software, the leading provider of digital vault and Privileged Identity Management (PIM) solutions, today announced the appointment of Richard A. Weeks as Vice President of Global Business Development. With over 25 years of experience in the technology and software industry, Weeks will be responsible for growing and managing the company's international network of strategic alliances and global systems integrators (GSIs) and channel partnerships. In addition, he will lead Cyber-Ark's expanding Global Partner Program, deepen relationships with existing partners and resellers such as IBM, Oracle, Microsoft and Courion Corporation, while forging strong ties with new partner companies.

Before joining Cyber-Ark, Weeks served as senior director of Worldwide Channel Development at Centrify

Corporation, a leading identity management solutions provider, where he was responsible for establishing channel programs, global partner recruitment and indirect sales and managing Microsoft business development and activity. A USAF veteran, he has also held positions of increasing responsibility in IT operations, channel sales and business development for innovative organizations such as Fidelity Investments, Top Layer Networks, Aelita Software Corporation and Quest Software.

"Ric's experience in the Americas and abroad will clearly enhance our capabilities at a time when we are experiencing record levels of growth," said Udi Mokady, President and CEO of Cyber-Ark Software. "In this environment, expansion of our Global Partner Program is a priority for us, and we have already begun to engage our partners and customers in this effort."

"I am privileged to have joined Cyber-Ark, a strong company with an exciting technology," said Richard Weeks. "Across the globe, the company is partnering with organizations whose high levels of technical skill and business acumen have distinguished them with their customers. I look forward to helping deepen our existing partner relationships and forging new alliances."

About Cyber-Ark

Cyber-Ark(R) Software is the leading provider of Privileged Identity Management (PIM) solutions for securing privileged user accounts and highly-sensitive information across the enterprise. Long recognized as an industry innovator for its patented Vaulting Technology(R), Cyber-Ark's digital vault products include: The Enterprise Password Vault(TM) for the secure management of administrative, application and privileged user passwords; the Inter-Business Vault(R), a secure infrastructure for cross-enterprise data exchange of highly-sensitive information, and the Sensitive Document Vault(TM) for secure storage and management of highly-sensitive documents. Cyber-Ark's Vaulting platform has been tested by ICSA Labs, an independent division of Cybertrust and the security industry's central authority for research, intelligence, and certification testing of security products. Cyber-Ark's award-winning technology is deployed by more than 400 global customers, including 100 of the world's largest banks and financial institutions. Headquartered in Newton, MA, Cyber-Ark has offices and authorized partners in North America, Europe and Asia Pacific. For more information, visit www.cyber-ark.com.

Addition of New VP Demonstrates Company's Commitment to Advancing
Its Global Partner Program