One Identity acquires Balabit to bolster PAM solutions
One Identity announced the acquisition of Balabit, terms of the transaction were not disclosed. Balabit’s PAM solution provides protection from threats posed by high-risk, privileged accounts, while its privileged account analytics solution provides an additional layer of protection by collecting and analyzing data from privileged sessions to help identify anomalous activity.
Currently, Balabit’s session management technology is embedded into the recently announced One Identity Safeguard solution through an OEM partnership. With this acquisition, One Identity can further expand its PAM solutions with machine learning-driven, privileged account analytics, which are critical to building a complete PAM and IAM stack.
“Today’s announcement reinforces One Identity’s continued commitment to investing in technology and the business in order to drive innovation, and creates more value for our customers and partners,” said John Milburn, president and general manager of One Identity. “With the addition of Balabit, we ensure that we can continue to deliver best-of-breed privileged session management and privileged account analytics capabilities to our customers and partners, and do so within the context of a modern, PAM solution that combines the best of One Identity and Balabit technology. We’re thrilled to welcome the Balabit team to One Identity, and we look forward to continue delivering the innovative technology and world-class support Balabit’s customers and partners have to come expect.”
“We’re excited to join the One Identity family and add our technology and expertise to One Identity’s rapidly growing portfolio of IAM solutions,” said Zoltan Gyorko, CEO of Balabit. “With today’s announcement, Balabit’s customers, prospects and partners will be able to enjoy our market-leading PAM tools within the broader stack of first-class PAM and IAM solutions in the One Identity portfolio. Together with One Identity, we can create new opportunities for our customers and partners to stay ahead of dangerous internal and external security threats.”
“The addition of privileged account analytics is a perfect complement to the identity analytics capabilities in our recently released One Identity Starling IARI solution,” said Jackson Shaw, senior director of product management at One Identity. “The pairing of our technologies will enable our customers to know what entitlements their employees and privileged users have, and what they are doing with those entitlements. Identity and privileged account analytics – it’s a powerful combination that we’re excited to bring to market.”