One Id acquires OneLogin to unify id safety for enterprises

One Identity acquires OneLogin to unify identity security for enterprises

The Rework Know-how Summits begin October thirteenth with Low-Code/No Code: Enabling Enterprise Agility. Register now!


One Id, an id and entry administration (IAM) firm owned by Quest Software program, has acquired rival IAM platform OneLogin. Phrases of the deal weren’t disclosed.

Based out of San Francisco in 2009, OneLogin markets a slew of id merchandise spanning single sign-on, multi-factor authentication (MFA), person provisioning, and extra. The corporate had raised some $175 million since its inception, and claimed big-name clients together with Airbus.

One Id’s path to the place it’s right now is considerably circuitous. Its mother or father firm Quest Software program’s roots will be traced again to 1987, and Dell ultimately acquired the Aliso Viejo, California-based firm in 2012 for $2.4 billion, with a view towards extending Dell’s enterprise software program focus into programs administration, safety, knowledge safety, and extra — one in all these merchandise included One Id. Dell bought its software program enterprise 4 years later to Francisco Companions and Elliott Administration, and One Id was later spun out as its personal unbiased model in 2017.

One Id gives a spread of identity-focused safety merchandise spanning privileged entry administration (PAM), endpoint privilege administration (EPM), id governance and administration (IGA), log administration, lively listing administration and safety (ADMS), and extra. Though One Id already touts its IAM capabilities, bolstering its id smarts with OneLogin’s established cloud-native IAM providing will assist One Id promote itself as a “holistic” resolution to id safety, spanning PAM, IGA, ADMS, and IAM.

Id parade

The acquisition follows a flurry of exercise within the IAM house, with Okta lately finishing its $6.5 billion Auth0 acquisition , whereas final week Ping Id snapped up no-code id and safety orchestration platform Singular Key. Throw into the combo a slew of a VC investments flowing into the id administration house, and it’s clear that there’s a large urge for food for know-how that may safeguard firms’ staff and clients’ digital knowledge.

The worldwide IAM market was pegged as a $12.3 billion business in 2020, in accordance to some studies, and is predicted to roughly double in dimension inside 4 years. With companies throughout the spectrum rising their cloud IT spend as a part of ongoing digital transformation efforts, and distant work rising as the brand new norm, this creates a higher must spend money on safety. For enterprises, managing the net identities of their workforce is a key a part of this transition.

“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,” One Id president and common supervisor Bhagwat Swaroop mentioned in a press launch. “By including OneLogin to our portfolio, and incorporating it into our cloud-first unified id safety platform, we may also help clients holistically correlate all identities, confirm every part earlier than granting entry to important property and supply real-time visibility into suspicious login exercise.”

Whereas phrases of the deal weren’t disclosed, a Moody’s report from final month indicated that Seahawk Holdings Restricted, a enterprise entity representing Francisco Companions and an Elliot Administration affiliate, was planning to “increase a $330 million fungible add-on” to help the OneLogin acquisition. Nevertheless, it’s not clear if these funds have been for everything of the transaction, or have been half of a bigger deal constituting funds from elsewhere.

VentureBeat

VentureBeat’s mission is to be a digital city sq. for technical decision-makers to achieve information about transformative know-how and transact.

Our web site delivers important info on knowledge applied sciences and methods to information you as you lead your organizations. We invite you to develop into a member of our group, to entry:

  • up-to-date info on the themes of curiosity to you
  • our newsletters
  • gated thought-leader content material and discounted entry to our prized occasions, equivalent to Rework 2021: Be taught Extra
  • networking options, and extra

Turn into a member

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts