In my recent post announcing Bomgar’s acquisition of Avecto, I summarized our ambitions to lead the Privileged Access Management (PAM) market by stating “we’re only getting started.”
I wasn’t kidding. Today, I am pleased to announce that Bomgar is planning to acquire BeyondTrust, a recognized front-runner in the 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, but with the same great Bomgar culture that’s earned us more than 16,000 loyal customers. The combined company will not only offer customers and partners a more powerful solution portfolio, but also accelerate innovation and increase resources for service and support.
The combined Bomgar / BeyondTrust entity will be a PAM industry leader from day one. And there’s no ceiling. PAM is an ascending sector of the 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 remain committed to delivering PAM and Remote Support solutions that help secure your organization while enabling users to quickly and efficiently access systems and support your business.
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.
Read the FAQs to learn more about the BeyondTrust acquisition.
Matt Dircks, Chief Executive Officer & Board Member
As Chief Executive Officer of BeyondTrust, Matt Dircks is responsible for BeyondTrust’s long-term market and product strategy and leads the company’s day-to-day operations. He also guides BeyondTrust’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, which became BeyondTrust in 2018, 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.