Avecto, a Manchester-based security software company which reduces hacking breaches by restricting employees’ access to only the applications they need, has been bought by American firm Bomgar.

Once touted as a 'unicorn', Wythenshawe-based Avecto was founded 10 years ago by Paul Kenyon (above left) and Mark Austin, who had previously helped to found tech firm Appsense.

The undisclosed deal with Bomgar will result in a "best-in-class Privileged Access Management (PAM) portfolio", essentially providing a more complete solution for companies attempting to defend themselves against hackers using the cover of employees' privileged access credentials. Read more.