One Identity Acquires OneLogin

Computer software company One Identity has obtained id access administration (IAM) alternatives provider OneLogin. 

Information of the acquisition by the Quest Application business enterprise was announced yesterday having said that, the phrases of the deal had been not disclosed. 

A person Identification mentioned that combining OneLogin with its present privileged obtain administration (PAM), identity governance and administration (IGA), and energetic directory management and security (ADMS) options will let consumers “to get a holistic tactic to identification security with trusted, verified technology in each and every main class.”

Together, the client bases of OneLogin and Just one Identification deal with a broad cross-portion of the world’s enterprises. OneLogin manages far more than 40 million identities for 5,500 prospects, when A single Identity normally takes treatment of much more than 250 million identities for 5,000 businesses.

“Joining One particular Id presents us with the skill to additional accelerate our development and provide added value for each of our [companies’] customers,” explained Brad Brooks, CEO of OneLogin. “With OneLogin’s strong unified platform for the two workforce and CIAM, combining forces with 1 Identity’s suite of solutions like their PAM resolution, will make it possible for new and current consumers, on a global scale, to faucet into the market’s only unified identification security system.”

Citing Verizon’s Knowledge Breach Investigations report that uncovered 61% of breaches are prompted by the inappropriate administration of qualifications utilized to accessibility data and purposes, and around 70% are linked to the abuse of accounts with “privileged” entry, Just one Id explained that an conclusion-to-finish technique to identity security was essential to defend the way companies operate.

“With the proliferation of human and machine identities, the race to the cloud and the rise of remote operating, identification is immediately becoming the new edge – and guarding id in an end-to-close method has hardly ever been a lot more vital,” claimed Bhagwat Swaroop, president and general supervisor of One Identity. 

“By introducing OneLogin to our portfolio, and incorporating it into our cloud-1st Unified Identity Security System, we can assist clients holistically correlate all identities, verify anything just before granting accessibility to critical assets and provide actual-time visibility into suspicious login exercise. With identification at the core, prospects can now carry out an adaptive zero belief method and significantly make improvements to their overall cybersecurity posture.”

Some parts of this article are sourced from:
www.infosecurity-magazine.com