CyberArk’s Operations Are Resilient Amid Israel-Hamas War: CEO
A ‘small percentage’ of CyberArk employees have been called to reserve duty, while ‘some employees have bravely volunteered,’ CEO Matt Cohen said in a blog post.
Israel-headquartered CyberArk is in a “strong position to operate successfully” in spite of disruptions from the deadly attack on the country and current military buildup, thanks to “resiliency” measures built into the company from the beginning, CEO Matt Cohen said in a blog post Friday.
A “small percentage” of the identity security vendor’s staff in Israel has been called by the military to reserve duty, and some CyberArk employees have also volunteered for service, Cohen noted.
The Israeli military has mobilized 360,000 reservists for duty this week, ahead of a potential ground offensive in Gaza.
In its most recent annual report filing in March, CyberArk noted that its main executive offices as well as “most” research and development is located in Israel. The company’s Israel office is located in Petah Tikva, just east of Tel Aviv, and the firm has been identified by equity analysts as among the publicly traded cybersecurity vendors with the most significant exposure following the Oct. 7 Hamas attacks.
“We believe CyberArk is in a strong position to operate successfully in this challenging environment,” Cohen wrote in the blog Friday.
“Right from the beginning, resiliency has been foundational to our operations, and we have built each function with business continuity in mind,” he said. “We are a global organization with employees located around the world. Our operations, including global services and support, and executive management are diversified, and like every global company, our operating functions are supported from local offices in various geographies.”
Cohen said that CyberArk’s team in Israel is safe, following the rocket attacks and violent raids by Hamas killed more than 1,300 and injured thousands more last weekend. An estimated 150 people were abducted into Gaza by Hamas, a Palestinian group that the U.S. has termed a terrorist organization.
At CyberArk, “we’re thankful that our team in Israel is safe,” Cohen said in the post. “A small percentage of our team has been called to military reserve duty. Some employees have bravely volunteered. We’re incredibly proud of all our team members and will continue to support them and keep them in our hearts and minds.”
CyberArk was founded in Israel 1999 by Udi Mokady, who was succeeded as CEO by Cohen in April. Mokady is now executive chairman of the company.
In the post Friday, Cohen wrote that “these atrocities are horrific, but the people of Israel are strong and resilient, and they will prevail. We will prevail.”