Q: What is One Identity announcing today?
A: One Identity is announcing today that it has acquired Balabit.
Q: Why did One Identity acquire Balabit?
A: One Identity acquired Balabit, a leading provider of privileged access management (PAM), privileged account analytics and log management solutions that help businesses reduce the risk of data breaches associated with privileged accounts, for a number of key strategic reasons, including:
Q: Who is Balabit?
A: Balabit is a leading provider of privileged access management (PAM), privileged account analytics and log management solutions that help businesses reduce the risk of data breaches associated with privileged accounts. Balabit’s integrated PAM solution provides protection from threats posed by high-risk, privileged accounts, while its privileged account analytics solution provides an additional layer of protection by collecting and analyzing data from privileged sessions for anomalous activity.
Balabit’s solutions include privileged session management and privileged account analytics, which together help organizations prevent, detect and respond to cyber-attacks involving privileged accounts, including both insider threats and external attacks using hijacked credentials.
Working in conjunction with existing security tools, Balabit’s PAM capabilities enable a flexible and people-centric approach to improving security, without adding additional constraints to working practices.
Balabit was founded in 2000, and since that time, has developed a proven track record that includes 25 Fortune 100 customers and more than 1,000,000 corporate users worldwide. The company is headquartered in Budapest, Hungary, and operates globally with offices across the United States and Europe, together with a network of reseller partners.
Q: What products does Balabit offer?
A: Balabit offers three primary products:
Q: Where will the Balabit products be incorporated into the One Identity portfolio?
A: Generally speaking, our expectation is that Balabit’s products will be integrated within the privileged access management (PAM) section of the current One Identity portfolio. One Identity is a Quest Software business, and is run by John Milburn, President and General Manager.
Q: I’m a Balabit customer, what does this acquisition mean to me, and how do I work with One Identity going forward?
A: Balabit customers can expect to benefit from this acquisition in a number of ways. One Identity and Balabit have been rock-solid OEM partners for quite some time, working together to solve critical challenges for customers and partners. Currently, Balabit’s session management technology is embedded into the recently announced One Identity Safeguard solution.
With this acquisition, One Identity’s PAM solutions will include Balabit’s machine learning-driven, privileged account analytics, which are critical to building a complete PAM and IAM stack. The acquisition also enables us to further develop Balabit technology to create an even more powerful solution organizations can leverage to solve their critical PAM challenges.
Balabit’s customers are assured that Balabit will have a long-term home within One Identity, and that we will continue to invest in the Balabit product line in both short and long term. The addition of Balabit’s technology to the broader One Identity portfolio enables customers to acquire and implement their products within the context of a complete PAM solution, one that will now include privileged password management, privileged session management, advanced analytics, log management, AD bridging technology, and advanced management of UNIX environments.
Balabit customers and partners should continue to contact Balabit technical support as they do today, and to place purchase orders with Balabit and Balabit partners as they do today.
Q: What are One Identity’s plans for Balabit’s log management products?
A: Balabit’s log management products are a critical and valued part of this acquisition, and will function as a standalone business within the broader One Identity family. Zoltán Györkő, CEO of Balabit, will assume the role of vice president of this newly formed business, reporting directly to John Milburn. The business will be staffed with its own sales, marketing and product management resources to ensure continuity and continue building on its track record of growth and success. We will also actively look for opportunities to leverage any synergies that exist between Balabit’s log management products and other solutions in the One Identity portfolio.
Q: Will Balabit product support change?
A: Though our support strategy is still being developed, every effort will be made to ensure that Balabit’s customers and prospects continue to receive the level of high-quality support to which they are accustomed. Our expectation is that Balabit’s customers, prospects and partners will eventually be able to take advantage of One Identity’s global support offerings, including One Identity’s award-winning support website.
Q: I’m a One Identity customer, what does this acquisition mean to me?
A: One Identity customers can expect to benefit from this acquisition in a number of ways. One Identity and Balabit have been rock-solid OEM partners for quite some time, working together to solve critical challenges for customers and partners. Currently, Balabit’s session management technology is embedded into the recently announced One Identity Safeguard solution.
With this acquisition, our PAM solutions will incorporate Balabit’s machine learning-driven, privileged account analytics, which are critical to building a complete PAM and IAM stack. The acquisition also enables us to further develop Balabit technology to create an even more powerful solution organizations can leverage to solve their critical PAM challenges.
The addition of Balabit’s technology to the broader One Identity portfolio enables customers to acquire and implement their products within the context of a complete PAM solution, one that will now include privileged password management, privileged session management, advanced analytics, log management, AD bridging technology, and advanced management of UNIX environments.
Q: I’m a Balabit partner, what does this acquisition mean to me and how do I work with One Identity going forward?
A: We believe that there is the potential for tremendous partner synergy as a result of this acquisition. Both One Identity and Balabit have built an active and loyal network of global partners – partners whose customers count on them to deliver solutions they can trust. Balabit’s global partners can ultimately expand their reach and market penetration by making use of One Identity’s core solutions, while One Identity’s partners can ultimately leverage Balabit’s technology to achieve the same beneficial outcome.
Balabit’s global partner ecosystem will be welcomed into the One Identity Partner Circle. We will have more details on the partner integration process in the coming weeks and months.
As with customers, please note that for the immediate term, the transaction does not change the way partners will work and interact with either One Identity or Balabit.
Q: I’m a One Identity partner, what does this acquisition mean to me?
A: We believe that there is the potential for tremendous partner synergy as a result of this acquisition. Both One Identity and Balabit have built an active and loyal network of global partners – partners whose customers count on them to deliver solutions they can trust. One Identity’s partners will be able to leverage Balabit’s technology to achieve the same beneficial outcome.
As with customers, please note that for the immediate term, the transaction does not change the way partners will work and interact with One Identity.