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Acquisition of OneLogin provides entry administration options to One Identity’s Unified Identity Security platform
Published: 04 Oct 2021 13:58
Identity options provider One Identity has acquired id and entry administration (IAM) specialist OneLogin for an undisclosed sum.
The deal expands the scope of One Identity’s Unified Identity Security service to carry further give attention to entry administration in addition to its current capabilities round privileged entry administration (PAM), id governance and admin (IGA) and Active Directory administration and safety (ADMS).
On closure, the mixed entity will serve about 10,000 prospects, between them managing 300 million totally different identities.
One Identity stated it hoped to be higher in a position to handle a flood of cyber safety incidents attributable to mismanaged identities by serving to prospects to shore up one of many first strains of defence in opposition to malicious actors. According to this 12 months’s version of Verizon’s Data breach investigations report, 70% of breaches have some form of hyperlink to privileged account abuse, and 61% contain “improper” credential administration.
“With the proliferation of human and machine identities, the race to the cloud and the rise of distant working, id is shortly changing into the brand new edge – and defending id in an end-to-end method has by no means been extra vital,” stated Bhagwat Swaroop, president and common supervisor of One Identity.
“By including OneLogin to our portfolio and incorporating it into our cloud-first Unified Identity Security platform, we may also help prospects holistically correlate all identities, confirm all the things earlier than granting entry to essential belongings and supply real-time visibility into suspicious login exercise.
“With id on the core, prospects can now implement an adaptive zero-trust technique and dramatically enhance their general cyber safety posture.”
OneLogin CEO Brad Brooks added: “Joining One Identity offers us with the flexibility to additional speed up our development and supply further worth for each of our buyer units.
“With OneLogin’s strong unified platform for each workforce and CIAM, combining forces with One Identity’s suite of merchandise together with their PAM resolution, will permit new and current prospects, on a world scale, to faucet into the market’s solely unified id safety platform.”
JP Morgan Securities served as unique monetary adviser throughout negotiations.
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