Bomgar to Acquire BeyondTrust
14.9.2018 securityweek IT
Atlanta-based Privileged Access Management (PAM) solutions provider Bomgar today announced a definitive agreement to acquire BeyondTrust, from an affiliate of Veritas Capital.
Both companies already have strong PAM offerings. Bomgar’s solutions secure privileged credentials, remote access sessions, and endpoints, while BeyondTrust’s extensible PAM platform helps customers scale privileged security across endpoint, server, IoT, cloud, and network device environments.
Bomgar, which was acquired by Francisco Partners earlier this year (from private equity group Thoma Bravo), announced in the beginning of August that it had completed the acquisition of Massachusetts-based endpoint privilege management company Avecto.
Based in Phoenix, BeyondTrust was acquired by Veritas Capital in 2014 for an undisclosed price. The company says it has a global partner network that serves more than 4,000 enterprises.
The combined company, which will retain the BeyondTrust brand, should provide a comprehensive PAM portfolio to their more than 19,000 customers worldwide. Combined, Bomgar and BeyondTrust have over 800 employees across 14 countries.
The combined company will be led by Matt Dircks, CEO of Bomgar, and will be headquartered in Atlanta, GA.
“The greater scale and resources of the combined company will allow us to accelerate innovation and deliver technology that protects our customers from constantly evolving threats,” Dircks said.
The transaction is expected to close in October. The terms of the deal were not disclosed.
Additional details on the integration and on the resulting products will be provided in the coming weeks or months.