One Identity Acquires Balabit to Merge IAM and PAM
It is a deal that will see Balabit’s privileged account analytics and log management capabilities enhance its overall identity and access management portfolio. Financial terms of the deal were not disclosed.
Currently, Balabit’s session management technology is embedded into the recently announced One Identity Safeguard solution through an OEM partnership. With this acquisition, One Identity can further expand its PAM solutions with machine learning-driven, privileged account analytics, which it said are critical to building a complete PAM and IAM stack.
John Milburn, president and general manager of One Identity, said: “With the addition of Balabit, we ensure that we can continue to deliver best-of-breed privileged session management and privileged account analytics capabilities to our customers and partners, and do so within the context of a modern, PAM solution that combines the best of One Identity and Balabit technology.
“We’re thrilled to welcome the Balabit team to One Identity, and we look forward to continue delivering the innovative technology and world-class support Balabit’s customers and partners have to come expect.”
“The addition of privileged account analytics is a perfect complement to the identity analytics capabilities in our recently released One Identity Starling IARI solution,” said Jackson Shaw, senior director of product management at One Identity. “The pairing of our technologies will enable our customers to know what entitlements their employees and privileged users have, and what they are doing with those entitlements. Identity and privileged account analytics – it’s a powerful combination that we’re excited to bring to market.”
Martin Kuppinger, founder and principal analyst at KuppingerCole, said in a blog that he expected One Identity to progress fast on creating a fully integrated solution, and this strengthens the position of One Identity in both the privilege management market and the overall identity management market.
He said: “For privilege management, the combined portfolio and the expected close integration moves One Identity into the group of the market leaders, with respect to both the number of customers and technical capabilities.
“When looking at the overall identity management market, One Identity improves its position as one of the vendors that cover all major areas of that market, with particular strengths in IGA (Identity Governance and Administration, i.e. Identity Provisioning and Access Governance) and privilege management, but also in identity federation and cloud SSO, plus other capabilities such as cloud-based MFA (multi-factor authentication). For companies that focus on single sourcing for identity management or at least one core supplier, One Identity becomes an even more interesting choice now.”
Source: Information Security Magazine