Bomgar to Acquire BeyondTrust

Matt Dircks, Chief Executive Officer & Board Member, Bomgar
September 13th, 2018

Bomgar Acquisition

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

Editor’s Note: Bomgar’s acquisition of BeyondTrust was completed on October 3, 2018. Please read the official announcement and FAQ for more information.

Matt Dircks, Chief Executive Officer & Board Member, Bomgar

As Chief Executive Officer of Bomgar, Matt Dircks is responsible for Bomgar’s long-term market and product strategy and leads the company’s day-to-day operations. He also guides Bomgar’s unique culture that is centered on integrity, transparency, respect, and innovation. Dircks has more than 25 years of experience in the software industry with roles encompassing product strategy, product management, engineering, sales, marketing, and corporate development. Prior to becoming CEO of Bomgar in 2014, he was the Vice President and General Manager of Service Support Products at BMC software, joining BMC through the acquisition of Numara Software in February 2012 where he was Vice President of Products since 2008. Before Numara, Dircks served as General Manager of the Server Virtualization Business at Quest Software. Previously, Dircks was President of Full Armor Corporation, a start-up he helped transform from a single-product business into a highly-scalable multi-product, multi-channel corporation. He also served as Senior Vice President of Products & Markets at NetIQ Corp, and General Manager for the Web Products Group and Director of Worldwide Product Management at Citrix Systems. Dircks holds a Bachelor of Business Administration from the University of Iowa.