Congratulations are in order for the Delinea team. Historically a Privileged Access Management (PAM) company, Delinea recently moved further into the identity space by announcing their acquisition of Identity Governance and Administration (IGA) vendor, Fastpath.
Known as an IGA company, Fastpath is used for provisioning, access reviews and segregation of duties monitoring. They have a special focus on financial apps like Coupa and NetSuite.
In our latest Identity Security Spotlight, Tarun Thakur (Veza Co-Founder & CEO) and Jason Garoutte (Veza CMO) discuss what this acquisition means for the identity industry (watch the full episode above).
Key takeaways from the episode:
- Preceded by Cisco’s announcement of Identity Intelligence earlier this month, Delinea’s acquisition announcement validates our belief that identity is the number one priority for the modern enterprise—2024 is the Year of Identity.
- As a traditional PAM vendor, Delinea’s acquisition supports the belief that PAM alone is not enough to secure identity access. With their other recent acquisition of Authomize, a company known for cloud infrastructure entitlement management, it appears that Delinea is acquiring a portfolio of companies to help them offer a consolidated approach to identity security.
- Pure identity by itself means nothing. You have to go beyond this (to groups and roles) to understand the true picture of access.
We believe that the platform approach is critical for vendors to stay relevant. Since the north star is securing access to data, all this tooling needs to come together to help companies understand the true state of access across all identities and across all systems.
We are constantly building for a better identity security future and it is encouraging to see the market follow suit. Companies like Cisco and Delinea are both in pursuit of answering the most critical question facing modern enterprises: who can take what action on what data? We expect to see more acquisitions from Delinea and others in the year ahead.
Stay tuned to Veza’s Identity Security Spotlight series to stay up-to-date on important developments in the world of identity.
