The Israeli cyber company CyberArk inaugurated a new R&D center in Beersheva at the Gav-Yam Negev Tech Park near Israel Defense Forces’ new C4I Corps Park and Ben-Gurion University of the Negev.

Other tenants in the burgeoning high-tech park include Israel’s cyber campus, the National Cyber Directorate’s CERT center, and more than 70 development centers and startups.

“The opening of an R&D center in Beersheva is another step in CyberArk’ s long journey from a groundbreaking startup to a major global corporation that continues to grow with a place at the forefront of technology, protecting the sensitive assets of the world’s leading corporations,” said Udi Mokady, CyberArk’s CEO and founder.

Chen Bitan, general manager of CyberArk Israel and the company’s chief product officer, said “the new center at the capital of Israel’s south is advantageous and valuable for us. We welcome the opportunity to join the construction of this ecosystem of government agencies, academia and industry in the capital of the Negev, reinforcing the Israeli high-tech industry and branding Beersheva as a global cyber center.”

The center will be run by Shai Saffer, formerly director of PayPal’s center in Beersheva and vice president of R&D of CyActive before PayPal acquired it. The company plans to recruit more than 200 employees in Israel in 2021.

Doug Seserman, chief executive officer, Americans for Ben-Gurion University, noted that “BGU is at the center of Israel’s cyber innovation ecosystem, where the United States and many of the world’s largest companies are establishing facilities and partnerships to leverage our capabilities.”

CyberArk, the second-largest Israeli cyber company trading on Nasdaq, is a global leader in identity security.

JNS

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