This development comes nearly a year after the company inaugurated its R&D center in May 2021.
Established in 2013 next to Ben Gurion University (BGU) campus and the railway station, the Gav-Yam Negev Tech Park is a partnership between private and public sectors, comprising Ben-Gurion University of the Negev, Gav-Yam, the Beersheba Municipality, and KUD International, a consortium of US and Japanese investors. Today, the park hosts Israel’s cyber campus, the National Cyber Directorate’s CERT center, more than 70 high-tech centers and startups, and over 2,500 engineers.
CyberArk’s R&D center will cover 720 square meters of park space. With expansion underway, the company aims to grow its workforce to 100 employees over the next two years to fill a broader range of technological positions.
“The Gav-Yam Park has grown into a unique ecosystem, combining global high-tech, groundbreaking academic research, and IDF’s specialized units,” Avi Jacobovitz, CEO of Gav-Yam Park. “We are thrilled to have an Israeli-global company such as CyberArk choose to expand its operations here, a testimony for other international corporations in the park. Hitech companies operating here understand the huge potential this location offers for their R&D centers.”
“The employees in our new R&D center form an integral part of the company’s general R&D operations. In addition, their work accounts for a significant part of CyberArk’s professional core,” says Udi Mokady, CEO and founder of CyberArk.
CyberArk will also tap the Starship internship program to train BGU computer science students as part of its operations at the Gav-Yam Negev Park. The internship program seeks to provide BGU students hands-on experience with leading high tech companies in Beer Sheva to better prepare them for potential careers in the industry.
Founded in 1999, CyberArk provides privileged access management and identity security services to protect corporate critical assets across business applications, distributed workforces, hybrid cloud workloads, and the DevOps pipeline.
“We see great value in making the Israeli high tech accessible to high-quality employees who do not live in central Israel. We also take pride in being an Israeli company that runs a development center in southern Israel in addition to our R&D center in the center of the country,” said Chen Bitan, general manager and chief product officer of CyberArk Israel. “CyberArk is excited to play a part in growing the technological ecosystem in Beersheba, for Zionist reasons and practical considerations, as the expansion helps us tap more hiring sources during a challenging time of development engineer scarcity.”
“The news reflects the strong confidence companies have in Beersheba, as evidenced by a major global company such as CyberArk. They see the opportunity in Beersheba as an international hub leading knowhow, high tech, and innovation. CyberArk inaugurated its center in our town based on a sincere outlook to help develop the Negev region. It is now growing and expanding its operations here, knowing the next cyber and technological breakthroughs will emerge from Beer Sheva’s innovation quarters,” Beersheba Mayor Ruvik Danilovich said.