The companies join forces to broaden their privileged access management portfolio and will take on the BeyondTrust name.
Privileged access management (PAM) provider Bomgar said it plans to acquire BeyondTrust, a company focused on privilege-centric security, from an affiliate of Veritas Capital.
Bomgar, which was acquired by private equity firm Francisco Partners earlier this year, aims to secure privileged credentials, remote access sessions, and endpoints. BeyondTrust offers a PAM platform designed to scale across endpoint, server, IoT, cloud, and network devices.
The combined company will operate under the name BeyondTrust. Financial terms of the deal were not disclosed; however, the combined business will have about $300 million in total bookings, more than 800 employees, and more than 19,000 customers.
This is the latest in a series of acquisitions by Bomgar to build its PAM portfolio. In February 2018 it bought Lieberman Software, provider of privileged identity and credential management tech. In July 2018, it acquired Avecto for privileged endpoint management.
Read more details here.
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