CyberArk appoints Netpoleon ‘prime value-added distributor’ for Singapore

• Partnership extends Netpoleon Solutions’ distributorship to Singapore
• CyberArk says it’s part of commitment to SEA customers and resellers

CYBERARK has announced the appointment of Netpoleon Solutions as its prime value-added distributor for Singapore, which would allow both companies to address the growing demand for privileged account security in South-East Asia.
 
The partnership would also enable CyberArk to continue to expand its foothold in Singapore and deepen market penetration in the enterprise landscape, by leveraging Netpoleon Solutions’ extended capabilities and extensive reseller network, CyberArk said in a statement.
 
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 between the two in the Philippines and more recently, Thailand.
 
“Netpoleon Solutions has built a solid reputation for itself as a leading value-added distributor of best-of-breed security solutions in South-East 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 Asia Pacific sales at CyberArk.
 
CyberArk said it has been registering strong market momentum in Asia Pacific with 50% year-over-year sales growth over the last two years, but did not disclose specific figures.
 
The company attributes this 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).
 
As a 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, CyberArk said.
 
“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, Netpoleon Solutions managing director.
 
“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,” he added.
 
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