CyberArk (NASDAQ: CYBR), a global leader in identity security, has acquired Zilla Security to strengthen its Identity Governance and Administration (IGA) solutions. This acquisition, valued at $165 million in cash with a $10 million earn-out, enhances CyberArk’s Identity Security Platform. By integrating Zilla’s AI-powered capabilities, CyberArk aims to streamline identity compliance and provisioning while maximizing security.

Addressing Modern IGA Challenges

Traditional IGA systems were designed for on-premises environments, relying on slow, manual processes that struggle to meet modern enterprise needs. In contrast, Zilla’s cloud-native platform automates identity governance with AI-driven role management and extensive integrations. This modern approach enables faster deployment, simplified compliance, and more efficient lifecycle management.

The Advantages of Zilla’s Technology

Zilla’s platform accelerates identity compliance and provisioning, offering quick implementation and reduced operational workload. Customers report deploying Zilla five times faster than legacy solutions, completing access reviews with 80% less effort, and reducing service tickets by 60%. These efficiencies highlight Zilla’s ability to meet the growing identity security demands of today’s decentralized digital environments.

CyberArk’s Vision for the Future

CyberArk’s CEO, Matt Cohen, emphasized that expanding the company’s identity security offerings with Zilla’s capabilities will reshape identity governance. By leveraging AI-driven automation, CyberArk aims to enhance security while ensuring compliance across digital environments. Zilla’s team, including co-founders Deepak Taneja and Nitin Sonawane, will play a key role in advancing these initiatives.

With this acquisition, CyberArk strengthens its position as a leader in identity security, addressing the limitations of legacy IGA systems. Zilla’s AI-driven solutions will now be part of CyberArk’s comprehensive platform, delivering faster, more secure identity governance. As enterprises navigate complex identity landscapes, this integration promises greater efficiency, compliance, and security.