Software company One Identity has obtained identification obtain administration (IAM) answers provider OneLogin.
News of the acquisition by the Quest Computer software enterprise was announced yesterday nevertheless, the phrases of the offer have been not disclosed.
Just one Identity stated that combining OneLogin with its existing privileged accessibility administration (PAM), identity governance and administration (IGA), and energetic directory management and security (ADMS) options will let clients “to choose a holistic solution to id security with reliable, established technology in every single key group.”
Collectively, the purchaser bases of OneLogin and One Id deal with a wide cross-area of the world’s enterprises. OneLogin manages extra than 40 million identities for 5,500 consumers, whilst A person Id normally takes care of far more than 250 million identities for 5,000 businesses.
“Joining A person Identification provides us with the ability to even more accelerate our development and give additional value for equally of our [companies’] clients,” claimed Brad Brooks, CEO of OneLogin. “With OneLogin’s strong unified system for both of those workforce and CIAM, combining forces with A person Identity’s suite of items which includes their PAM remedy, will allow new and present shoppers, on a international scale, to tap into the market’s only unified id security system.”
Citing Verizon’s Data Breach Investigations report that discovered 61% of breaches are induced by the improper administration of credentials applied to obtain details and purposes, and about 70% are linked to the abuse of accounts with “privileged” entry, 1 Identity said that an end-to-close solution to identification security was important to secure the way companies perform.
“With the proliferation of human and equipment identities, the race to the cloud and the increase of distant doing the job, identity is swiftly starting to be the new edge – and preserving id in an finish-to-stop manner has hardly ever been additional significant,” explained Bhagwat Swaroop, president and standard manager of A person Id.
“By introducing OneLogin to our portfolio, and incorporating it into our cloud-very first Unified Id Security Platform, we can assistance shoppers holistically correlate all identities, validate almost everything ahead of granting obtain to critical property and provide serious-time visibility into suspicious login action. With identification at the core, buyers can now implement an adaptive zero rely on strategy and significantly boost their total cybersecurity posture.”
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