California-based privileged access management vendor Delinea has announced its acquisition of Fastpath, a provider of identity governance and administration solutions. This marks Delinea’s second acquisition of the year, following its recent purchase of Israeli startup Authomize. With the Fastpath acquisition, Delinea aims to strengthen its position as a leader in managing authorization across infrastructure, applications, and data, providing enhanced insights and control over user access and privileges.
The terms of the deal have not been disclosed and are subject to regulatory review. However, Delinea emphasizes that the addition of Fastpath will enable its platform to dynamically control authorizations by assessing user risk, a crucial aspect for securing modern, distributed environments. This move aligns with Delinea’s strategy to offer comprehensive solutions for identity and access management in today’s complex IT landscapes.
Fastpath, based in Colorado, has received an undisclosed investment from private equity firm Pamlico Capital Management, known for its focus on control-oriented growth equity investments. Founded in 2004, Fastpath brings its expertise in identity governance and administration to the table, which Delinea plans to integrate into its identity threat detection and response technology. This integration will enable Delinea to identify instances of overprivileged access and implement automated remediation, enhancing its ability to mitigate security risks and protect critical assets.
