The combined entity will expand on both companies' privileged access management tools and expects to debut a new brand this year.
Privileged access management (PAM) providers Thycotic and Centrify have completed a merger to form a cloud identity security vendor, operating under the temporary name ThycoticCentrify.
The merger brings together both companies' PAM technologies, an area of the security market expected to grow as organizations struggle with the complexity of securing a number of privileged accounts that continues to increase as more infrastructure and services are moved to the cloud.
ThycoticCentrify plans to create an extensive privileged identity security platform and debut a new brand in the second half of 2021. The combined company is backed by TPG Capital and led by CEO Art Gilliland. Insight Partners, Thoma Bravo, and Public Sector Pension Investment Board (PSP Investments) have taken minority investments.
Read the full release for more details.
About the Author(s)
You May Also Like
Guarding the Cloud: Top 5 Cloud Security Hacks and How You Can Avoid Them
April 4, 2024Cybersecurity Strategies for Small and Med Sized Businesses
April 11, 2024Defending Against Today's Threat Landscape with MDR
April 18, 2024Securing Code in the Age of AI
April 24, 2024
Black Hat USA - August 3-8 - Learn More
August 3, 2024Cybersecurity's Hottest New Technologies: What You Need To Know
March 21, 2024Black Hat Asia - April 16-19 - Learn More
April 16, 2024