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:
- Helping customers get IAM right. As a business, we are always looking for opportunities to deliver more value to our customers and partners in the name of helping them get IAM right. The acquisition of Balabit represented a unique opportunity to do just that.
- Further enhancing the portfolio. From the very beginning, we’ve been focused on building the industry’s most complete IAM portfolio. The acquisition of Balabit’s is yet another important step in that direction, one that enables us to further build upon the depth of our PAM solution and our overall IAM portfolio with best-of-breed session management, privileged account analytics and log management capabilities.
- Privileged Access Management (PAM) is more important than ever. The role PAM plays in ensuring an organization is safe from both internal and external threats has never been greater. With Balabit in the fold, we now fully control the future of the privileged session management and privileged account analytics capabilities we deliver to our customers and partners, assuring that we can and will continue to deliver a best-of-breed PAM solution that combines the best of One Identity and Balabit technology for the long term.
- Single-vendor simplicity. Organizations are increasingly seeking to streamline the number of vendors with which they partner. At the same time, few organizations are able to deploy every aspect of a complete IAM solution – such as governance, access management, privileged management and identity as a service – as a single project. By incorporating Balabit’s technology into our already modular and integrated portfolio, we better empower organizations to start their IAM journey from anywhere and build out based on their specific needs.
- Rich partner ecosystem. Like One Identity, Balabit’s customers rely on their trusted partners to deliver technologies they can count on. Balabit has a robust global partner network, one that we can leverage to further expand the reach and market penetration of our own core solutions. Balabit can likewise leverage the One Identity partner network to achieve a similarly beneficial outcome.
- Combining forces to do more. One Identity and Balabit already have a strong OEM partnership, and today’s announcement is a natural evolution of that relationship. By acquiring Balabit into the One Identity business, we can better align its development strategy and roadmap with that of the broader One Identity portfolio, further expand our reach and visibility in the fast-growing PAM market, and become even more responsive to customer and prospect requirements in this increasingly competitive space.