Cyber-Ark Software Ltd. is supposed to be one of the top new global players in data security. Now it has filed for an initial public offering. CyberArk offers a new layer of IT security solutions by protecting organizations from cyber attacks that have already made their way inside the network perimeter to strike at the heart of the enterprise.

No details on the size of the offering nor the number of shares have been filed in the F-1 filing with the SEC, although its filing is initially for up to $75 million in common stock — that will likely change, perhaps handily, by the time the IPO date gets here. CyberArk did signal that it applied to list its shares on the Nasdaq Global Select Market under the ticker symbol CYBR.

J.P. Morgan Securities and Deutsche Bank Securities were featured as the joint book-running managers, with Barclays Capital also listed as a book-runner. Co-managers were listed as William Blair, Nomura Securities and Oppenheimer.

As of March 31, 2014, CyberArk had nearly 1,500 customers, including over 30% of the Fortune 100 and approximately 15% of the Global 2000. Its customers include leading enterprises in energy and utilities, financial services, health care, manufacturing, retail, technology and telecommunications, and government agencies.

During 2011, 2012 and 2013, CyberArk’s revenues were $36.4 million, $47.2 million and $66.2 million, respectively. Its net income for 2011, 2012 and 2013 was $5.9 million, $7.9 million and $6.6 million, respectively.

For the three months ended March 31, 2013 and 2014, CyberArk’s revenues were $12.7 million and $17.4 million, respectively; and net income for same periods was $0.1 million in 2013 and a net loss of $1.2 million for the same period in 2014.

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CyberArk’s software solution is focused on protecting privileged accounts, which have become a critical target in the lifecycle of today’s cyber attacks. CyberArk is a global company headquartered in Petach Tikvah, Israel, with U.S. headquarters located in Newton, Mass., and offices throughout EMEA and Asia-Pacific. The company defines and summarizes privileged accounts as follows:

Privileged accounts are pervasive and act as the “keys to the IT kingdom,” providing complete access to, and control of, all parts of IT infrastructure, industrial control systems and critical business data. In the hands of an external attacker or malicious insider, privileged accounts allow attackers to take control of and disrupt an organization’s IT and industrial control infrastructures, steal confidential information and commit financial fraud. Our comprehensive solution proactively protects privileged accounts, monitors privileged activity and detects malicious privileged behavior. Our customers use our innovative solution to introduce this new security layer to protect against, detect and respond to cyber attacks before they strike vital systems and compromise sensitive data.

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