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CyberArk

CyberArk: Secure Privileged Access. Stop Cyber Attacks. CyberArk is the only security software company focused on eliminating cyber threats using insider privileges to attack the heart of the enterprise.

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How much does CyberArk cost?

When negotiating with CyberArk, it's important to leverage their strong reputation in the market, as they are recognized as a leader in the Gartner Magic Quadrant for Privileged Access Management. This can be an advantageous position for you as a buyer, allowing you to request favorable terms based on their competitive standing. Given that CyberArk is heavily utilized by many enterprises, such as over half of the Fortune 500, they value long-term relationships with customers, which may allow for negotiation flexibility.Focus on the average contract value of approximately $42,511 and previous transaction counts, which indicate that CyberArk is accustomed to negotiating on pricing. To maximize savings, consider discussing bundled purchasing options that could lower costs further. Given the reported total savings of over $11,216 in previous negotiations, aim to negotiate a similar or better deal while ensuring that you also assess their level of customer support and services included within the proposed price.
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How does CyberArk price and package their products?
View pricing on CyberArk's website
Product: 
Standard
Not availablePayment TermsAnnualPopular FeaturesSecure access for human and machine identitiesAdd-OnsSSO, Privilege User Credential Protection, PAS External Vendor SaaS

Negotiating with CyberArk

Negotiation Tips

Customers who present competition as an alternative during negotiations have seen the best outcomes. Emphasize that a competitor has provided a lower quote and highlight any added value they offer compared to CyberArk. Make sure to express your preference for CyberArk but stress the financial constraints placed by your organization, which may force you to consider alternatives.
Customers who anchor their proposal below the expected uplift percentage have successfully negotiated for either the removal of the uplift or a reduction in the price of add-ons. Clearly communicate your budget constraints and the expected flat pricing due to unchanged scope, citing any historical agreements that did not include such upticks.
By insisting on the removal of auto-renewal clauses, you can maintain negotiation leverage for future terms. Highlight that your finance team has mandated this requirement in order to proceed with negotiations. This implies you intend to reassess the partnership annually, which can lead to better pricing or terms.
Emphasize to CyberArk that your organization has not seen the expected ROI, and only short-term contracts will be considered as a result. Highlight the prospect of reassessing the efficacy of the CyberArk solutions over a shorter period rather than committing to a lengthy contract. This can foster flexibility in achieving better terms.
If you intend to grow your user base significantly, emphasize this by asking for economies of scale pricing to keep costs down. Make it clear to CyberArk that the increased volume means expectations for lower per-unit costs over the renewed contract.

Considerations when buying CyberArk

OwnershipPublic
Fiscal year endDecember
Best months to buyJanuary, March, November
Payment TermsAnnual billing, Quarterly billing
Upgrades/downgradesYes, CyberArk offers both upgrades and downgrades for its services, making it easy for users to adjust their resources as their needs change.
Redline thresholdRedline threshold estimate is $50k.

Additional Info

What is CyberArk?

CyberArk: Secure Privileged Access. Stop Cyber Attacks. CyberArk is the only security software company focused on eliminating cyber threats using insider privileges to attack the heart of the enterprise.
CyberArk's 1 Product
CyberArk
CyberArk: Secure Privileged Access. Stop Cyber Attacks. CyberArk is the only security software company focused on eliminating cyber threats using insider privileges to attack the heart of the enterprise.

Security and compliance

DPA available
SOC2 attestation
Annual penetration tests
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