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Bomgar announces acquisition of BeyondTrust to expand privileged access management offerings


Johannesburg, 02 Oct 2018

Bomgar, a global leader in privileged access management (PAM) solutions, today announced it had signed a definitive agreement to acquire BeyondTrust, a global leader in privilege-centric security, from an affiliate of Veritas Capital.

"The BeyondTrust family is excited to join the dynamic Bomgar and Francisco Partners teams," said Kevin Hickey, president and CEO, BeyondTrust. "I'm confident that the additional investment and scale resulting from this combination will drive innovation for our customers and new opportunities for our partners as we expand our leadership position in the fast-moving privileged access management market. Working with the Veritas Capital team over the last four years, we have transformed the business by strengthening our product offering, enhancing our market position, and generating outstanding growth."

"As a leading partner of BeyondTrust in Africa, Puleng Technologies is excited about the opportunity the acquisition will bring, not only to drive the future strategies of its current BeyondTrust installed base, but for new customers considering a privileged account management (PAM) technology and roadmap. With the largest technical PAM team locally and across EMEA, and extensive local references, implementation expertise to provide quicker time-to-value on investment, the extensibility and coverage of a combined solution will result in a more comprehensive PAM portfolio for our customers," says Muhammed Mayet, head of security at Puleng.

The combined company, which will be called BeyondTrust, brings together proven innovators with a shared mission of securing privileged access and helping customers to defend themselves from cyber-attacks while increasing productivity.

Bomgar secures privileged credentials, remote access sessions and endpoints, while empowering users to be more efficient and effective, while BeyondTrust offers the most extensible PAM platform that enables organisations to scale privileged security as threats evolve across endpoint, server, IOT, cloud and network device environments.

Matt Dircks, CEO of Bomgar, who will lead the combined company as CEO, commented: "We are extremely excited to build upon BeyondTrust's privileged access management leadership, and the significant benefits it will bring to our joint customers, partners and people. Both organisations bring talented employees who are passionate about protecting organisations from attacks related to privileged access. The greater scale and resources of the combined company will allow us to accelerate innovation and deliver technology that protects our customers from constantly evolving threats."

According to Forrester, 80% of security breaches involve privileged credentials. Andras Cser, Forrester vice-president and principal analyst, wrote: "The PIM (privileged identity management) market is growing because more S&R (security and risk) professionals see PIM as part of the layered solution to address their top cyber threat and data breach prevention challenges."[1]

The combination of BeyondTrust's market-leading PAM platform with Bomgar's advanced privileged session and endpoint protection solutions will result in the broadest solution portfolio for securing and defending organisations against threats related to the compromise and misuse of privileges.

"Privileged access management is one of the top priorities for today's security leaders, and we see an incredible opportunity with the combination of Bomgar's and BeyondTrust's technology and talent," said Brian Decker, partner and head of security investing at Francisco Partners. "The joint team is focused on developing integrated and easy-to-use products, building out the channel, and continuing to deliver the highest levels of customer service and support."

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Bomgar

Bomgar is a global leader in privileged access management solutions that secure privileged credentials, sessions and endpoints, while empowering your workforce to run at the speed and scale of business. Bomgar offers the most comprehensive platform for enabling privileged and remote access, while defending organisations from constant and evolving threats. More than 16 000 customers and millions of users worldwide trust Bomgar to mitigate internal and external attacks, achieve compliance, and gain operational efficiency. Bomgar clients range from midsize to Fortune 100 companies and include some of the world's most admired and valuable brands. Bomgar is headquartered in Atlanta, Georgia, with offices across the Americas, EMEA, and Asia-Pacific. Connect with Bomgar at www.bomgar.com, the Bomgar Blog, or on Facebook, Twitter and LinkedIn.

BeyondTrust

BeyondTrust is a worldwide leader in privilege-centric security, offering the most seamless and straightforward approach to preventing data breaches related to stolen credentials, hijacked insider accounts and misused privileges.

Our privileged access management platform is the most extensible on the market, enabling organisations to easily scale their privilege security programs as threats evolve across endpoint, server, cloud and network device environments. Only BeyondTrust unifies the industry's broadest set of built-in capabilities with centralised management, reporting and analytics, empowering leaders to take decisive and informed actions to defeat attackers. This is backed by a flexible design that simplifies integration with other best-of-breed solutions and boosts the value of our customers' IT security investments.

With BeyondTrust, organisations gain the visibility and control they need to confidently reduce risk, maintain productivity, and stay out of the headlines. We are trusted by over 4 000 customers and a global partner network. Learn more at www.beyondtrust.com.

Puleng Technologies

Puleng Technologies is a proudly South African B-BBEE level two ICT solutions integration company with its roots firmly planted in building local expertise and providing its customers with "project success" linked to the solutions it designs and supports. The Puleng Blueprint provides its customers with a client-centric strategy to manage and secure the two most valuable assets an organisation has: its data and users, while facilitating IT and business with a platform to build an efficient, collaborative and integrated cyber security program.

To further enhance its strategy, it architects converged infrastructure, which allows it to leverage core strengths across its compute, storage, virtualisation and management teams. Learn more at www.puleng.co.za.