California-based privileged access management provider Delinea has announced the acquisition of Israeli startup Authomize, propelling its foray into the expanding identity market.
The integration of Authomize’s cross-cloud identity capabilities into Delinea’s access management platform is poised to offer enhanced visibility beyond traditional firewall boundaries, providing a robust solution for actively identifying and mitigating identity threats across SaaS applications, cloud, and hybrid infrastructures.
Delinea’s CEO, Art Gilliland, emphasized the strategic significance of this union, particularly in addressing the challenges posed by multi-cloud environments, where uniform access policies and user activity visibility often prove elusive.
Gartner’s recognition of Delinea’s privileged access management prowess in its 2023 Magic Quadrant adds weight to this acquisition, positioning Delinea among industry leaders.
The cybersecurity landscape, characterized by a growing trend of utilizing multiple cloud providers, underscores the critical need for unified access policies, a challenge that Delinea aims to tackle head-on with the incorporation of Authomize’s advanced capabilities.
As breaches increasingly involve identity components, with 86% attributed to phishing attacks and credential abuse, Delinea’s move aligns with the evolving cybersecurity paradigm.
This acquisition marks a significant milestone for Delinea, its first since the merger of Thycotic and Centrify in February 2022, solidifying its commitment to innovation and market leadership.
Authomize, having secured $22 million in venture capital in 2021, will now serve as Delinea’s Israeli-based research and development center, signaling a promising collaboration between the two entities in shaping the future of cybersecurity.
