Data security software vendor Netwrix has acquired Remediant, an early-stage startup working on technology in the PAM (privileged access management) category.
Financial terms of the acquisition were not disclosed.
Remediant, based in San Francisco and backed by Dell Technologies Capital and ForgePoint Capital, raised $15 million in Series A venture capital funding in August 2019.
Remediant, founded in 2015 by security practitioners Paul Lanzi and Tim Keeler, built a PAM software product that offered continuous scans for administrator accounts and custom-built technology to protect them from misuse and abuse.
Remediat’s flagship SecureONE product handles privileged access management across Windows, Linux and macOS systems and is positioned as a tool to protect against lateral movement by automatically discovering and removing always-available admin access.
Netwrix said the acquisition would beef up its privileged access management (PAM) portfolio with tools for just-in-time access as part of a zero standing privilege (ZSP) security model.
The Texas-based Netwrix sells a wide range of IT security products covering data access governance, ransomware protection, Active Directory security, and identity and access management.
Netwrix claims a customer base of more than 13,000 companies ranging from Airbus, Virgin and Allianz.
Related: Privileged Access Management Provider Remediant Raises $15 Million
Related: ForgePoint Capital Announces $450 Million Cybersecurity Investment Fund
Related: Data Security Providers Netwrix and Stealthbits Merge
Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series.
Ryan is a veteran cybersecurity strategist who has built security engagement programs at major global brands, including Intel Corp., Bishop Fox and GReAT. He is a co-founder of Threatpost and the global SAS conference series. Ryan’s past career as a security journalist included bylines at major technology publications including Ziff Davis eWEEK, CBS Interactive’s ZDNet, PCMag and PC World.
Ryan is a director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.
Follow Ryan on Twitter @ryanaraine.
Tags:
