CyberArk (Idira)

Names Nikesh Arora as chairman and chief executive, Sonny Singh as President, Idira, and Bruce Byrd as executive vice president and general counsel. CyberArk's former leadership page now redirects here.

Matt Cohen, described as former chief executive of CyberArk, joined the board of the US company Keyfactor. Cohen 'most recently led CyberArk' through its acquisition by Palo Alto Networks.

Palo Alto states that its Israeli operations 'meaningfully expanded as a result of the acquisition of CyberArk' and that it intends 'to continue growing our presence in Israel'. Many of its Israeli employees must perform annual reserve duty in the Israeli military, and call-ups 'occurred as a result of regional hostilities'. The deal added about 4,223 staff.

Palo Alto entered the TA-35 and TA-125 indices on 6 August 2026, expected to draw about NIS 800 million of index-fund demand. Its statement: the listing 'reflects our confidence in Israeli talent and innovation'.

Udi Mokady, executive chairman of CyberArk at the time of the sale, became chairman of the cybersecurity company CHEQ.

Palo Alto launched Idira as 'an upgrade path for existing CyberArk customers'. Peretz Regev, formerly CyberArk's chief product officer, is chief product and technology officer for Idira at Palo Alto Networks.

Palo Alto describes Idira as 'built on CyberArk's legacy and powered by Palo Alto Networks', and tells existing CyberArk customers they 'can continue to use the platform as you always have. You'll just notice a new logo and design.'

The UK National Audit Office awarded Phoenix Software Limited a contract worth up to £190,501.17 to provide 'implementation and access to CyberArk password vault/management and PAM solution', from 23 February 2026 with extensions to 22 February 2029, through the G-Cloud 14 framework.

Palo Alto Networks shares 'will begin trading on the TASE next Monday, February 23', under the ticker CYBR, alongside its Nasdaq listing.

Palo Alto has bought eleven Israeli companies besides CyberArk since 2014, from Cyvera ($200 million) to Koi ($400 million in 2026), and expects about 2,600 Israeli staff with CyberArk. Arora: 'I'm the one signing the checks.'

About 700 CyberArk employees worldwide, about 100 of them among its 1,000 staff in Israel, were told their jobs would end, by generic email from Palo Alto to staff at the Petah Tikva headquarters. Support functions were cut; research and development roles were reportedly not affected.

Palo Alto laid off hundreds of CyberArk staff, including dozens in Israel, a day after the deal closed, out of a workforce of about 4,000, roughly 1,000 of them in Israel. Palo Alto called the changes 'a natural part of integrating two industry leaders'.

CyberArk Software Ltd., a company organised under the laws of Israel, completed its merger with Palo Alto Networks on 11 February 2026 and continues as a wholly owned subsidiary of Palo Alto. Each share became 2.2005 Palo Alto shares plus $45 in cash. CyberArk asked Nasdaq to remove its shares from listing.

The Nasdaq Stock Market filed to remove CyberArk's ordinary shares from listing and registration on the day the acquisition completed. CyberArk then filed to end its US reporting obligations on 23 February 2026, with one holder of record, signed by Palo Alto general counsel Bruce Byrd.

Palo Alto Networks completed the acquisition and announced a secondary listing on the Tel Aviv Stock Exchange under CyberArk's ticker, CYBR, 'building on CyberArk's heritage and Israel's position as a global cybersecurity powerhouse'. The commitment 'further solidifies' its Israeli R&D centre, already its largest outside Silicon Valley.

Arora, on a visit to Israel two months earlier: 'I firmly believe that the most amount of innovation in cybersecurity comes out of Israel. It's not for debate; it's a fact.' Palo Alto's Israeli R&D centre occupies 22 floors of Tel Aviv's Alon Tower.

Nikesh Arora told CyberArk staff in Israel that Palo Alto intended 'to continue to be the largest cyber employer in Israel', that the deal would double its Israeli workforce of about 1,600, and that 'this is not about 10% or 20% cuts'. Palo Alto hired about 700 people in Israel during the war.

Lists CyberArk Israel at 9 Hapsagot St., Park Ofer 2, Petach-Tikva as the company's Israeli office.

CyberArk's 1,200 Israeli employees expected to receive average $500,000 each, totalling NIS 2 billion in equity compensation

The Commission concludes on reasonable grounds that Israeli authorities and Israeli security forces have committed and continue to commit acts of genocide against Palestinians in the Gaza Strip, with genocidal intent.

Udi Mokady, CyberArk's founder and executive chairman, is an alumnus of Unit 8200, the Israeli military's signals intelligence unit. So is Palo Alto Networks' founder and chief technology officer, Nir Zuk. More than 1,400 veterans of Israeli intelligence work in US tech, 900 of them from Unit 8200.

Second-largest Israeli tech acquisition in history after Google-Wiz deal. CyberArk had about 4,000 staff, roughly 1,200 in Israel, with its headquarters and R&D centre in Petah Tikva and operations in Beersheba. The deal was then expected to close in the second half of Palo Alto's fiscal 2026; it completed on 11 February 2026.

The sale could bring the Israeli state about $2 billion (NIS 6.7 billion) in tax, from capital gains tax of 25% or 30% plus a 5% surtax on Israeli shareholders. An estimated 25% to 30% of CyberArk was in Israeli hands.

CyberArk's headquarters, 'most of our research and development activities, and other significant operations are located in Israel'. It had 3,793 staff at 31 December 2024, 1,062 of them in Israel, and 1,205 in research and development. Its CyberArk Labs AI research is 'supported and funded by the Israeli Innovation Authority'.

Lists CyberArk as an Israeli-headquartered privileged access management company, rated 'high'.

Tech employees paid about 36% of Israel's income tax in 2021, according to a report by the Israel Innovation Authority and the Finance Ministry's chief economist.

The International Court of Justice found Israel's continued presence in the occupied Palestinian territory unlawful, and that all states are under an obligation not to render aid or assistance in maintaining the situation it created.

The International Court of Justice found a real and imminent risk to the right of Palestinians in Gaza to be protected from acts of genocide, and ordered Israel to prevent them.

Chief executive Matt Cohen wrote that 'a small percentage of our team has been called to military reserve duty' and that some employees 'have bravely volunteered'. He called on staff to 'do everything we can to support the people of Israel'.

Research and development is the largest team in CyberArk's 1,000-person Israel office, and CyberArk planned to call on its R&D staff in India to cover for Israeli staff called into military service. CyberArk said all its Israel-based employees were safe.

'As of December 31, 2021, we had approximately 7,500 customers, including more than 55% of Fortune 500 companies' and more than 35% of Global 2000 companies. The fiscal 2024 20-F gives 'more than 9,700 customers' with no Fortune 500 figure.

CyberArk joined Israel Aerospace Industries, Check Point, El Al's innovation hub and others in a consortium on aviation cyber threats set up with Israel's Economy and Industry Ministry, announced by the head of the Israel National Cyber Directorate.

A former Santander employee told this site that the bank was using CyberArk. Reported directly rather than drawn from any public source, and published without identifying details. It is consistent with the CyberArk engineering vacancies Santander advertised on its own recruitment system (see the Santander profile).

An intelligence report to this site confirmed that M&G deploys CyberArk's privileged access management suite. Reported directly rather than drawn from any public source, and published without identifying details. M&G separately disclosed a CyberArk shareholding in 2025 (see the M&G profile).