Late last week, privileged access solution provider Bomgar announced their plans to acquire fellow PAM vendor BeyondTrust. The new IAM provider will go under the name of BeyondTrust, but will be led by Bomgar CEO Matt Dircks. According to sources, Bomgar chose to adopt the BeyondTrust name for its brand recognition in the privileged identity marketplace.

Diricks confirmed this in a blog post, saying: “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.” Read more.