Bomgar to Acquire BeyondTrust
September 13th, 2018
The BeyondTrust team is excited to announce that we’re being acquired by Bomgar! The combination of Bomgar and BeyondTrust will strengthen our position as a global leader in Privileged Access Management (PAM) solutions that protect organizations against today’s biggest cyber security threats, while empowering them to push business forward.
The following is from Bomgar CEO Matt Dircks, who will lead the combined company.
Today, I am pleased to announce that Bomgar is planning to acquire BeyondTrust, a recognized front-runner in the Privileged Access Management (PAM) industry.
BeyondTrust’s impressive pedigree as a cyber security vendor spans three decades. Over the years, the company has continuously delivered innovative solutions as it fought its way to the top of the highly competitive PAM field. Today, BeyondTrust’s 4,000 satisfied enterprise customers are testaments to its achievements.
But it’s not just BeyondTrust’s innovative technology and loyal customer base that attracted Bomgar. It’s also the company’s recognition as a top-tier performer by industry analysts; its established global partner network; its talented staff of cyber security professionals; and its exceptional, recognizable brand.
For all these reasons and more, we’ve decided that the combined company will carry forth under the BeyondTrust name. The new BeyondTrust will not only offer customers and partners a more powerful solution portfolio, but also accelerate innovation and increase resources for service and support.
The acquisition will further BeyondTrust’s PAM leadership from day one. And there’s no ceiling. PAM is an ascending sector of the cyber security industry, and according to Gartner Vice President and Distinguished Analyst Neil MacDonald, a Top 10 Security Project for 2018. PAM solves the most common cyber security threats faced by organizations today: stolen or misused privileged credentials, excessive admin rights on endpoints, and unsecured remote access pathways. It’s applicable to companies in every vertical market segment and all regions worldwide.
We will be sharing more about the combined company and solution portfolio in the coming weeks and months, but we’re already well on our way. Bomgar / BeyondTrust is not only here to stay; we’re here to lead, for a long time to come.
– Matt Dircks, CEO of Bomgar