California-based privileged access management vendor Delinea has acquired Israeli startup Authomize to expand its presence in the identity market. Delinea plans to integrate Authomize’s cross-cloud identity capabilities into its access management platform, allowing for greater visibility beyond the firewall. The combination of the two companies will enable customers to detect and mitigate identity threats across SaaS applications, cloud, and hybrid infrastructure. Delinea was ranked highly in Gartner’s privileged access management Magic Quadrant and aims to address the challenges of applying uniform access policies and obtaining visibility into user activity in multi-cloud environments. The terms of the deal were not disclosed.
Identity plays a significant role in data breaches, with the most recent Verizon Data Breach Investigations Report stating that 86% of breaches stem from phishing attacks and credential abuse. This acquisition marks Delinea’s first since its formation through the merger of Thycotic and Centrify in 2022. Authomize, founded in 2019, had previously secured $22 million in venture capital funding and received additional investment from cybersecurity firm Tenable. The Israeli-based Authomize team will become Delinea’s research and development center.