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Cyber-Ark Appoints David Dyer as Vice President of Sales.


DEDHAM, Mass. -- Former Siebel Systems Siebel is a brand name of Oracle Corporation. Siebel Systems, Inc., founded by Thomas Siebel in 1993, was principally engaged in the design, development, marketing and support of CRM applications.  and Oracle Sales Executive Brings Outstanding Record of Experience and Skill to Fast-Growing Information Security Vendor

Cyber-Ark(R) Software, Inc., the leader in Vaulting Technology(TM), today announced that David Dyer has joined the Company as Vice President of Sales. In this role, he will oversee sales initiatives across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. .

Dyer brings more than 20 years of sales and management experience to Cyber-Ark, most recently as Regional Manager at Siebel Systems where he was employed for the past five-and-a-half years. In his most recent position, Dyer was responsible for geographic and industry-specific sales coverage for Siebel CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization.  OnDemand across eastern U.S., Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies.  and Canada, driving growth by more than 100 percent quarter-to-quarter and improving the win-rate to 75 percent. Dyer joined Siebel Systems from Oracle Corporation, where he closed one of the most significant ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer.  applications software deals in the Company's history and successfully managed their first global account. Dyer was awarded Oracle's prestigious Top Quality Business Award and exceeded quota for seven consecutive years in various sales and sales management Sales Management Role and Goal
Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a
 positions.

"Throughout his career, David has consistently achieved an outstanding level of success in managing sales for enterprise software companies," said Tom Crawford, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Cyber-Ark. "His industry knowledge, skill and experience will help Cyber-Ark to significantly build on its current success with Global 1000 customers."

"Over many years working with top-notch sales organizations, Cyber-Ark is one of the few companies that I have seen demonstrate laser focus on solving critical business issues with a world-class executive team using a truly innovative approach," said David Dyer, vice president of sales at Cyber-Ark. "The combination of a quality software solution with a tremendous market opportunity was very appealing to me in coming to Cyber-Ark."

Dyer holds a B.S. from Rochester Institute of Technology and an MBA MBA
abbr.
Master of Business Administration

Noun 1. MBA - a master's degree in business
Master in Business, Master in Business Administration
 from the William E. Simon Graduate School of Business Administration The William E. Simon Graduate School of Business Administration (formerly the Graduate School of Management) is the business school of the University of Rochester. It was renamed after William E. Simon (1927-2000), the 63rd United States Secretary of the Treasury, in 1986. , University of Rochester The University of Rochester (UR) is a private, coeducational and nonsectarian research university located in Rochester, New York. The university is one of 62 elected members of the Association of American Universities. .

About Cyber-Ark Software

Cyber-Ark Software, Inc., is the leader in Vaulting solutions for securely connecting enterprises. The Company's Inter-Business Vault enables the creation of secure instant wide area networks (WANs) for connecting enterprises with partners, customers and sub-contractors over the Internet - enabling them to exchange information as if they have deployed a shared WAN, but without actually doing so. Cyber-Ark's leading Inter-Business Vault applications include solutions for Treasury Management files, Product Design files and Source Code. In addition to its business-to-business solutions, Cyber-Ark's Network Vault provides solutions for securely managing critical information, such as administrative passwords and critical documents, within the enterprise. Today Cyber-Ark enjoys strong customer relationships with more than 150 Global 1000 companies around the world.

Founded by a group of leading military security experts and computer engineers, Cyber-Ark Software is privately held and backed by some of the world's most successful venture capitalists, including Jerusalem Venture Partners, Seed Capital Partners (a SOFTBANK Affiliate), JP Morgan/Chase Partners and Vertex Management.

The Company is located in Dedham, Mass. and on the World Wide Web at www.cyber-ark.com.
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Publication:Business Wire
Geographic Code:1USA
Date:May 31, 2005
Words:500
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