Cyber-Ark Appoints New Vice President of Business Development

Addition of New VP Demonstrates Company's Commitment to Advancing
Its Global Partner Program
NEWTON, Mass.--(Business Wire)--
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.

PAN Communications
Kim Baker, 978-474-1900
Cyber-ark@pancomm.com

Copyright Business Wire 2008