Cyber-Ark Software, which provides enterprise software that detects cyber attacks on privileged accounts, filed on Tuesday with the SEC to raise up to $75 million in an initial public offering. With a 25% pre-IPO stake, Goldman Sachs (GS) is listed as a primary shareholder, alongside Israeli venture firms.
The Petach Tikva, Israel-based company, which was founded in 1999 and booked $71 million in sales for the 12 months ended 3/31/2014, plans to list on the NASDAQ under the symbol CYBR. Cyber-Ark Software initially filed confidentially in March. J.P. Morgan, Deutsche Bank and Barclays are the joint bookrunners on the deal. No pricing terms were disclosed.
