wladimir1804 – stock.adobe.com
Acquisition of OneLogin provides derive entry to management alternate strategies to One Identity’s Unified Identity Security platform
Identity alternate strategies seller One Identity has bought identity and derive entry to management (IAM) specialist OneLogin for an undisclosed sum.
The deal expands the scope of One Identity’s Unified Identity Security carrier to utter extra form out derive entry to management apart from as its current capabilities around privileged derive entry to management (PAM), identity governance and admin (IGA) and Active Directory management and safety (ADMS).
On closure, the blended entity will support about 10,000 potentialities, between them managing 300 million assorted identities.
One Identity acknowledged it hoped to be better ready to contend with a flood of cyber safety incidents attributable to mismanaged identities by serving to potentialities to shore up one among the first lines of defence against malicious actors. Basically based on this 300 and sixty five days’s version of Verizon’s Data breach investigations file, 70% of breaches have some extra or much less link to privileged fable abuse, and 61% involve “imperfect” credential management.
“With the proliferation of human and machine identities, the fade to the cloud and the upward thrust of a ways away working, identity is readily turning into the brand new edge – and retaining identity in an pause-to-pause formula has never been extra necessary,” acknowledged Bhagwat Swaroop, president and classic manager of One Identity.
“By adding OneLogin to our portfolio and incorporating it into our cloud-first Unified Identity Security platform, we can abet potentialities holistically correlate all identities, verify the entire lot earlier than granting derive entry to to critical sources and provide staunch-time visibility into suspicious login job.
“With identity on the core, potentialities can now implement an adaptive zero-have confidence strategy and dramatically pork up their overall cyber safety posture.”
OneLogin CEO Brad Brooks added: “Joining One Identity gives us with the capability to extra straggle up our negate and provide extra imprint for every and every of our buyer objects.
“With OneLogin’s sturdy unified platform for every and every crew and CIAM, combining forces with One Identity’s suite of products including their PAM answer, will allow new and current potentialities, on a world scale, to tap into the market’s best most likely unified identity safety platform.”
JP Morgan Securities served as uncommon monetary adviser during negotiations.
