Silicon Valley access management vendor Delinea on Tuesday announced the acquisition of Israeli startup Authomize, a deal that adds identity threat detection and response technologies to its product portfolio.
The private equity-owned Delinea, formed in April 2012 through the merger of Centrify and Thycotic, said the deal extends its reach into the lucrative identity category and adds technology to help businesses to eliminate identity-based threats across SaaS, cloud, and traditional systems.
Authomize, which emerged from stealth in 2021 with ambitious plans in the IDTR space, raised about $22 million in venture capital funding from a roster of investors that included Tenable Ventures, BlumbergCapital, Microsoft M12, and Entree Capital.
In a note announcing the transaction, Delinea pointed to data that shows a surge in identity-related data breaches that could have a cascading effect through the cloud ecosystem.
The company noted that attacks have moved to target identities, bypassing traditional security tools such as endpoint protection and network security.
WIth the Authomize acquisition, Delinea is hoping to expand the reach and capabilities of its flagship PAM platform to provide tooling for businesses to detect and mitigate abuse across all their identities in the world of integrated SaaS applications and hybrid infrastructure.
This Cyber News was published on www.securityweek.com. Publication date: Tue, 09 Jan 2024 19:13:04 +0000