Security companies Netwrix and Stealthbits today confirmed their merger. The new company will operate under the Netwrix name and sell seven core products focused on information security.
Netwrix's platform aims to provide visibility and governance for on-premise, cloud, and hybrid environments. The California-based company was founded in 2006 and acquired in October 2020 by private equity firm TA Associates, which will own the combined organization. Netwrix CEO Steve Dickson will continue to lead.
Security software company Stealthbits was founded in 2001 to protect businesses' sensitive data and credentials. The goal of this merger is to leverage one another's expertise to expand product capabilities and improve user experience. Netwrix plans to use Stealthbits' portfolio of data access governance, Active Directory management and security, and privileged access management products to bring enterprise features and a larger tool set to Netwrix customers.
Terms of the deal were not disclosed. Read the full release and FAQ for more details.