Symark acquires BeyondTrust and adopts company name
Symark announced the acquisition of BeyondTrust. The combined organization will operate under the name BeyondTrust, which reflects the company’s mission to provide a comprehensive product suite that automates Privileged Access Lifecycle Management (PALM) in heterogeneous IT environments.
The new BeyondTrust is a provider of an integrated security and compliance solution for privileged users in Unix, Linux, and Windows environments.
The BeyondTrust PALM solution framework consists of four interconnected privilege management stages running under a centralized and automated platform: access to privileged resources, control of privileged resources, monitoring of actions taken on privileged resources, and remediation of undesirable changes made to privileged resources. The recently announced BeyondTrust PowerSeries Management Console provides a central policy management engine and auditing interface across each of the four stages.
Former BeyondTrust CEO John Moyer is now the EVP and general manager of the BeyondTrust Windows Business Unit. Eric Voskuil will become CTO of the combined company, responsible for the technical direction of product strategy.
“BeyondTrust is the first acquisition in our aggressive but pragmatic growth strategy to consolidate complementary, cross-platform technologies to meet customer’s IT privilege management needs,” said John Mutch, CEO of the new BeyondTrust. “We see continued market acknowledgement and validation of increasing security and compliance risks from loosely managed IT privileges, as well as the need for a centralized management solution to systematically mitigate those risks across heterogeneous computing devices. With the extension to the Windows platform, this acquisition cements our leadership in the Privileged Access Lifecycle Management space.”