It’s a very exciting time at Avecto. Not only are we celebrating our 10-year anniversary this year, but we’re also announcing that Bomgar, a leader in identity and access management solutions, is to acquire the company.
For the past decade, we’ve delivered ground-breaking solutions in a rapidly growing segment of cyber security and, after continuous innovation, Avecto’s technology has become the best-in-class offering for endpoint privilege management. But recently, we felt there has been a piece of the puzzle missing that could make our award-winning privilege management and application control offering even stronger.
Our customers have been asking us for session management and vaulting capabilities to complement the Avecto solution. And with Bomgar’s portfolio, those customers will now be able to benefit from a full Privilege Access Management solution that aligns with the recommendations of Gartner and other analysts firms, with both Privilege Elevation and Delegation Management, and Privilege Account and Session Management from a single vendor.
Put simply, this combined solution is set to be a market-disruptive force that sees Bomgar become a top player in a fast-growing market and at a time when privileged accounts cannot be ignored.
In fact, with 80% of security breaches involving privileged credentials (Forrester), and Microsoft vulnerabilities continuing to rise - a comprehensive solution combining two leaders in the space is as exciting as it is crucial to the PAM market.
“Organizations can come to Bomgar for a complete privileged identity and access management solution. This includes market-leading technology in privileged account auto-discovery, privileged session management, privileged elevation and delegation, and privileged access auditing.” - Matt Dircks, CEO of Bomgar
Bomgar and Avecto are also an ideal cultural match, with a customer-first mentality and commitment to partners. Both companies have an extensive list of highly-satisfied customers across the globe, and a passion for product innovation in the battle against cyber crime.
The award-winning Privileged Identity and Privileged Access components of Bomgar’s PAM product portfolio secure privileged accounts and credentials, while also defending the remote access pathways abused by attackers.
With Avecto’s endpoint privileged management technology, organizations can remove admin rights throughout their organizations, and only elevate privileges for approved applications and actions.
When it comes to addressing a wide variety of use cases related to privileged account security threats, no other vendor in the high-growth PAM industry offers more capabilities and functionality than Bomgar. Through this acquisition, the addition of Avecto’s technology serves as a bold statement to innovate further, continue to grow, and ultimately deliver a best-in-class PAM solution.
For more information, read the press announcement or the FAQ article about the acquisition of Avecto by Bomgar.
We’re moving rapidly to complete a full integration between the two companies and our combined customers and partners can expect to start experiencing the benefits very soon. We’ll keep you posted on developments as the integration progresses. This is only the start…