CyberArk announced the appointment
of Netpoleon Solutions as its prime value-added distributor for Singapore.
The partnership will allow both companies to address the growing demand
for privileged account security in Southeast Asia, and enable CyberArk
to continue to expand its foothold in Singapore and deepen market penetration
in the enterprise landscape, through leveraging Netpoleon Solutions’ extended
capabilities and extensive reseller network.
Under the agreement, Netpoleon Solutions
will hold the rights to distribute CyberArk’s comprehensive range of privileged
account security and compliance solutions in Singapore, and will incorporate
CyberArk solutions as part of its total security offerings to both customers
and resellers. The partnership is an extension of the existing distributorship
agreement of several years for the Philippines and also recently for Thailand
with CyberArk.
CyberArk has been registering strong
market momentum in Asia Pacific with 50 percent year-over-year (YoY) sales
growth over the last two years. The company attributes its robust regional
performance to accelerated customer demand for privilege account security,
especially from organisations in regulated industries such as banking and
finance, on meeting compliance needs and protecting digital assets from
both insider attacks and advanced persistent threats (APTs) against a rapidly
evolving security landscape.
As a leading provider of integrated security
and networking solutions and services in Singapore and the region, Netpoleon
Solutions offers a broad array of value-added services to its channel partners,
including managed services, technical support, maintenance and training.
It also commands an entrenched position in serving the security needs of
customers and resellers across the financial services, telecommunications
and critical infrastructure markets.
“Netpoleon Solutions has built a solid
reputation for itself as a leading value-added distributor of best-of-breed
security solutions in Southeast Asia, and we are very excited about the
immense opportunities this partnership will bring to both companies in
areas of business enablement and technology transfer, ” said Dan Dinnar,
Vice President of Sales for Asia Pacific at CyberArk. “CyberArk is the
market leader in providing privileged account security solutions that enable
organisations to secure their high value information assets from both insider
and advanced threats. With the combined capabilities and know-how from
both CyberArk and Netpoleon Solutions, we are committed to delivering the
highest level of expertise and service to our customers in Singapore and
the region.”
“There is no vendor out there that can
rival CyberArk in end-to-end privileged account security when it comes
to product breadth and depth. Cyber-attackers are increasingly going after
privileged accounts which hold keys to sensitive administrative information,
hardcoded passwords and application backdoors, and many enterprises have
underestimated the magnitude of their privileged account security problem,”
said Francis Goh, Managing Director at Netpoleon Solutions. “Adding CyberArk
to our security offerings will greatly complement our strength in network
security, and we look forward to working closely with CyberArk in bringing
technology and value to our customers and channel partners in the most
accessible way.”
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