Udi Mokady

Udi Mokady
Born1968[1]
Zambia, Africa
OccupationsFounder and Executive Chairman of CyberArk

Udi Mokady (Hebrew: אודי מוקדי) is an Israeli-American entrepreneur and cybersecurity expert who helped create an industry for privileged access management.[2] He founded cybersecurity company CyberArk and served as its CEO from 2005 to 2023.[1][3]

Early life and education

Udi Mokady was born 1968 in Zambia, Africa.[1] He was raised largely in Jerusalem, but also lived in Central America, Africa, and the United States.[4] His father was a diplomat for the Ministry of Foreign Affairs.[1][5] He worked in intelligence for the Israeli military in Unit 8200,[5][6] which focused on military intelligence, hacking, and encryption.[4] This is where he first developed an interest in computers.[7] Afterwards, Mokady earned a J.D. in law from Hebrew University of Jerusalem in 1994, then an M.B.A. from Boston University in 2003.[7][8]

Career

Udi Mokady began his career as a lawyer.[5] He served as Vice President and General Counsel of Tadiran Spectralink, an Israeli communications technology company.[8] Mokady's childhood friend Alon Cohen suggested they start a cybersecurity business together.[5] Then, in April 1999, the two co-founded CyberArk.[4][7]

Initially, Mokady served as COO with Cohen as CEO.[4][5] They founded the company in Israel, then Mokady opened a U.S. headquarters in Boston, Massachusetts the following year,[8][9] while leaving research and development in Israel.[4] Mokady experimented with marketing different "vaults" that were specialized for different corporate departments, before settling on the password vault as CyberArk's first product.[10]: 62  CyberArk grew over time, in particular around 2003 and after the Edward Snowden leaks.[5][10]: 63 

Mokady served as CEO of CyberArk from 2005 to 2023.[1][3] He grew the company substantially in revenues[9] and into other areas of cybersecurity.[10]: 63  He also expanded the company internationally by establishing reseller programs first in Europe, then in Asia.[4] Mokady helped establish privileged access management (PAM) as an industry.[11] In 2011, Mokady brokered a deal with Goldman Sachs to buyout early investors, including co-founder Alon Cohen.[5] Goldman Sachs bought a 50 percent interest in the company.[4] CyberArk went public on NASDAQ in September 2014 and acquired several small IT security companies.[7][12] In February 2023, Mokady resigned as CEO of CyberArk and was appointed to the Executive Chairman of the Board position.[9] Former COO Matt Cohen became the new CEO.[1][3]

Personal life

Udi Mokady is married with three children. He lives in Boston, Massachusetts.[1]

References

  1. ^ a b c d e f g ולדהורן, שירי חביב (February 15, 2023). ""אף פעם לא היו לנו שלטים באיילון": מייסד סייברארק מסכם כהונת מנכ"ל". גלובס (in Hebrew). Retrieved October 21, 2024.
  2. ^ "Influencer – Udi Mokady". SC Media. August 23, 2017. Retrieved October 21, 2024.
  3. ^ a b c "CyberArk Promotes COO Matt Cohen to Replace CEO Udi Mokady". BankInfoSecurity. February 9, 2023. Retrieved October 21, 2024.
  4. ^ a b c d e f g Sadun, Raffaella; Yoffie, David; Eiran, Margot (September 7, 2017). "CyberArk: Protecting the Keys to the IT Kingdom". Harvard Business School.
  5. ^ a b c d e f g Matania, Eviatar; Rapaport, Amir (January 1, 2022). Cybermania- How Israel Became a Global Powerhouse in The Domain that Is Revolutionizing the Future of Humanity. Cybertech-Arrowmedia Israel Ltd. pp. 40–45. ISBN 978-9655997972.
  6. ^ Choudhury, Saheli Roy (May 12, 2017). "Former cyber-intelligence sleuths for Israel now work to uncover malicious hackers". CNBC. Retrieved October 21, 2024.
  7. ^ a b c d "איך הביא אודי מוקדי את החברה שהקים בתחום הסייבר לשווי של 1.5 מיליארד דולר". November 15, 2017.
  8. ^ a b c Leichman, Abigail Klein (October 15, 2017). "12 Israelis making a mark on Boston's tech scene". ISRAEL21c. Retrieved October 21, 2024.
  9. ^ a b c Chesto, Jon (February 20, 2023). "Udi Mokady has quietly built one of the most valuable software firms in the state". The Boston Globe.
  10. ^ a b c Arvatz, Alon. "The love letter that leaked: CyberArk and the digital wallet". The Battle for Your Computer: Israel and the Growth of the Global Cyber-Security Industry. Translated by Levy, Eylon. Wiley. pp. 61–64. ISBN 9781394174171.
  11. ^ "Digital Vault: Stopping Attacks from the Inside". Innovation Israel.
  12. ^ Adoni, Uri (September 8, 2020). The Unstoppable Startup: Mastering Israel's Secret Rules of Chutzpah. HarperCollins Leadership. pp. 43–44.
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