Six Government Resellers Join Cyber-Ark Reseller Program; Need for Secure Collaboration and Information Sharing Fuels Demand.

Business Editors/High-Tech Writers

DEDHAM, Mass.--(BUSINESS WIRE)--Aug. 18, 2003

Powerful Vaulting Technology Now Available on the GSA Schedule,

NASA SEWP iii, and NIH-ECS iii Contracts

Cyber-Ark(R) Software Inc., the information security software company that invented and markets Vaulting Technology(TM), today announced that six resellers focused on the government sector have joined the Cyber-Ark Reseller Program. Northrop Grumman Information Technology, iGov.com, Intelligent Enterprise Solutions (IES), Network Security Consulting, Dynanet Corporation and The Presidio Corporation are the latest additions to the Cyber-Ark Reseller Program.

"Secure information sharing is a top concern for virtually every government entity," said Udi Mokady, chief operating officer at Cyber-Ark Software. "Our resellers are providing the next generation of cost effective, transparent security solutions that address these needs. We're meeting our goal to broaden our business by partnering with top-tier resellers who offer proven expertise in government information technology solutions."

Cyber-Ark's Value Added Reseller Program, announced in March, offers all the software, training and support required for value-added resellers (VARs), and system integrators to deliver Vaulting-based solutions that create safe havens for protecting and sharing vital business information across the extended enterprise.

Northrop Grumman Information Technology has added Cyber-Ark's product line to its existing NASA SEWP iii and NIH-ECS iii contracts. iGov.com and IES will be providing Cyber-Ark's product offering to its extensive customer base in the intelligence agencies, Department of Defense and civilian government agencies through the NIH-ECS and SEWP vehicles as well. Cyber-Ark's Vaulting Technology solutions are also available on the GSA schedule with Dynanet Corporation, and will be available on Presidio's GSA schedule this quarter. Cyber-Ark customers in the public sector already include the National Institute of Health (NIH), National Institute of Allergy and Infectious Disease (NIAID), Office of Research Services (ORS), the US Courts and other worldwide security and governmental agencies.

"Cyber-Ark's Vaulting Technology is ideally suited to meet the needs of our targeted customer base because it prevents inappropriate information exposure," said Brent Conran, security practice director, of the Presidio Corporation, a Premier provider of advanced IT solutions, engineering and business services for government and commercial clients. "These organizations have to ensure the integrity of their data -- at rest and while in transit -- and Cyber-Ark provides a cost-effective and proven solution to enhance government security."

Rather than trying to protect the entire enterprise, Cyber-Ark provides a safe haven, highly secured regardless of overall network security, where information can be stored and shared. Cyber-Ark's patented Vaulting Technology substantially decreases costs, improves security and enhances the performance associated with sharing information internally, with business partners and with remote offices.

"Our customers are working to overcome the security challenges of collaboration and data-sharing," said Chris Reed, president, Dynanet Corporation. "Cyber-Ark's Inter-Business Vault and Network Vault meet these needs, both within agencies and departments and amongst agencies and departments, enabling them to securely store and share files and audit the access to those files."

"The federal government has specific data security needs that can make securely managing documents challenging," said Jack Pooley, vice president, iGov.com. "Cyber-Ark's Vaulting solutions fosters inter- and intra-departmental sharing, strengthening information security and enhancing appropriate access."

The government resellers join an already impressive group of channel partners, including e-DMZ Security, BruteForce Security, Gotham Technology Group, Laurus Technologies, National Business Group, NextGen Internet, Nexum, Omega Network Services, Stenstrom Scientific and SynerComm Inc.

About Cyber-Ark's North American Channel Program

Cyber-Ark's Value Added Reseller Program is comprised of two levels designated as Premier and Authorized, which are based on the Channel Partner's sales commitments and engineering certifications. Both program levels offer demo product programs, product and channel communications updates, technical training and certification and joint marketing and lead-generation programs. To qualify as a certified Cyber-Ark Channel Partner, candidates must meet organizational and technical requirements, including technical training. For more information or to join the program, go to http://www.cyber-ark.com/partners/resellers.htm.

About Cyber-Ark

Cyber-Ark Software Inc., is the leading provider of Vaulting security software that leverages its unique patented Vaulting Technology to create safe havens for securing and sharing vital company information. The Company's award-winning Network Vault(R) and Inter-Business Vault(TM) solutions enable a truly secure extended enterprise by providing an infrastructure that allows for completely transparent, yet totally secure, intra- and inter- business communications. Today Cyber-Ark enjoys strong customer relationships with over 50 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, Vertex Management and Nomura International Plc.

The Company is located in Dedham, Mass. and on the World Wide Web at www.cyber-ark.com.

Cyber-Ark, Network Vault, Inter-Business Vault, and Vaulting Technology are trademarks of Cyber-Ark Software Ltd. in the U.S. and/or other countries.

All rights reserved.