JVP To Sell $115M In CyberArk Shares

March 10, 2015 | As CyberArk Software nears its secondary offering on Wall Street, the company’s largest shareholder, Jerusalem Venture Partners will sell its shares in the company worth $115 million and will maintain a 30 percent holding. In addition, Goldman Sachs will sell its shares for $53 million and have its stake in the company drop to 15 percent. CyberArk has adjusted its offering accordingly, filing a prospectus to raise $240 million by selling 4 million shares. CyberArk was founded in 1999 by Udi Mokady and is headquartered in Newton, Massachusetts.