January 9, 2024 at 02:00PM
Delinea, a Silicon Valley access management vendor, has acquired Israeli startup Authomize, enriching its product portfolio with identity threat detection and response technologies. The undisclosed but reportedly “several tens of millions of dollars” acquisition aims to combat the surge in identity-related data breaches by providing tools to detect and mitigate abuse across various business identities.
Key takeaways from the meeting notes regarding Delinea’s acquisition of Authomize include:
1. Delinea announced the acquisition of Israeli startup Authomize, expanding its product portfolio to include identity threat detection and response (IDTR) technologies.
2. The acquisition price was not officially released, but reports suggest it was “several tens of millions of dollars.”
3. Authomize, which raised about $22 million in venture capital funding, emerged from stealth in 2021 with ambitious plans in the IDTR space.
4. Delinea aims to address the surge in identity-related data breaches by extending its reach into the identity category and providing technology to help businesses eliminate identity-based threats across SaaS, cloud, and traditional systems.
5. The acquisition aims to enhance Delinea’s flagship PAM (Privileged Access Management) platform, providing tooling for businesses to detect and mitigate abuse across all their identities within integrated SaaS applications and hybrid infrastructure.
These takeaways summarize the key points and implications of the acquisition for Delinea.