Publicly-traded CyberArk announced that it has completed the acquisition of Viewfinity, Inc., a provider of Windows least privilege management and application control software for $30.5M in cash. Viewfinity is based in Waltham, MA and provides solutions that eliminates the administrative bottlenecks of operating wit admin rights removed while bringing end-point level visibility and actionable data to security. Prior investors included Giza Venture Capital, JK&B Capital, and Longworth Venture Partners.
According to the press release, "With the transaction complete, CyberArk now offers customers a solution that limits the privileges available to business users and applications to only what is needed, while protecting the organization from advanced attacks. This enables organizations to stop the progression of most malware-based attacks at the endpoint, limiting the attacker’s ability to move beyond their initial point of entry. The offering complements CyberArk’s Privileged Account Security Solution and is available as either an on-premise or SaaS-based solution."
The acquired business is projected to contribute approximately $7-$9M in revenue and will be accretive on a non-GAAP basis for 2016. The implied 2016 revenue multiple is 3.4-4.4x.
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