BOMGAR, owned by PE firm Francisco Partners has recently announced that it has acquired Avecto, a UK based Endpoint Privilege Management (EPM) company. The move coming within 6 months of Lieberman Software’sacquisition by BOMGAR clearly depicts the quest to strengthen its position in the PAM market by offering a full-featured PAM suite.
Originally a provider of ‘remote support’ solutions, BOMGAR offered remote session management capabilities in the market for a while until it acquired Argentina based Pitbull Software in late 2015 to enter the PAM market with its password management technology. Since then BOMGAR has been on an acquisition spree to expand its portfolio of PAM technologies to compete more effectively against the market leaders. Read more.