One Identity has acquired OneLogin, a provider of identity access management solutions. No financial terms were disclosed. OneLogin’s backers included Greenspring Associates, Silver Lake Waterman, CRV, Scale Venture Partners and Blue Cloud Ventures.
ALISO VIEJO, Calif., Oct. 04, 2021 (GLOBE NEWSWIRE) — One Identity, a leader in unified identity security, today acquired OneLogin, a market-leading provider of Identity Access Management (IAM) solutions, to expand the scope of One Identity’s Unified Identity Security Platform. Combined with its existing Privileged Access Management (PAM), Identity Governance and Administration (IGA), and Active Directory Management and Security (ADMS) solutions, the company will now enable customers to take a holistic approach to identity security with trusted, proven technology in each major category.
Taking an end-to-end approach to identity security has never been more important to protect the way organizations work. Some specific challenges that organizations are grappling with today include:
Verizon’s 2021 Data Breach Investigations Report found that 70% of breaches are linked to privileged account abuse, and 61% involve improper management of credentials.
Forrester Research found that 50% of all organizations are challenged to protect their machine identities created by bots.
Cybersecurity Insiders reports that 49% of organizations have users with more privilege than their jobs require
With the addition of OneLogin software, One Identity now offers industry-recognized leading solutions for each of the four pillars necessary to close this critical cybersecurity exposure gap:
Privileged Access Management (PAM): One Identity Safeguard reduces stress and worry with privileged accounts, giving organizations a secure way to store, manage, authenticate, record, audit and analyze privileged access.
Identity Governance and Administration (IGA): One Identity Manager governs identities and access for on-prem, hybrid and cloud environments to satisfy audit and compliance initiatives, and to easily provide management with a clear view of internal, external and privileged accounts.
AD Management and Security: One Identity Active Roles deploys critical AD account management capabilities, such as provisioning, group and roles management, password management, and governance.
Identity & Access Management (IAM): OneLogin’s cloud-first IAM solution provides everything businesses need to secure their workforce, partners, and customers while increasing operational efficiency and accelerating digital transformation efforts. OneLogin provides robust product functionality across both workforce and Customer Identity Access Management (CIAM) use cases, delivering fast time-to-value in the cloud, on-prem, and hybrid environments.
Gartner ® Research places One Identity and OneLogin solutions in the Leaders’ quadrant in the Gartner Magic QuadrantTM reports for PAM, IGA, and IAM, though thousands of companies leverage Active Roles to secure and fortify Microsoft AD and Azure AD. [See references below].
“With the proliferation of human and machine identities, the race to the cloud and the rise of remote working, identity is quickly becoming the new edge – and protecting identity in an end-to-end manner has never been more important,” said Bhagwat Swaroop, president and general manager of One Identity. “By adding OneLogin to our portfolio, and incorporating it into our cloud-first Unified Identity Security Platform, we can help customers holistically correlate all identities, verify everything before granting access to critical assets and provide real-time visibility into suspicious login activity. With identity at the core, customers can now implement an adaptive zero trust strategy and dramatically improve their overall cybersecurity posture.”
The combined OneLogin and One Identity customer bases represent a massive cross-section of the world’s enterprises. One Identity manages more than 250 million identities for 5,000 organizations, whereas OneLogin manages better than 40 million identities for 5,500 customers.
“Joining One Identity provides us with the ability to further accelerate our growth and provide additional value for both of our customers,” said Brad Brooks, CEO of OneLogin. “With OneLogin’s robust unified platform for both workforce and CIAM, combining forces with One Identity’s suite of products including their PAM solution, will allow new and existing customers, on a global scale, to tap into the market’s only unified identity security platform.”
According to a Gartner report, “AM tools have begun to add identity governance and administration (IGA) capabilities to their portfolios, including identity life cycle management, access requests, approval workflows, fulfillment and identity synchronization across user directories. This convergence of PAM and AM (and, potentially, IGA) functionality adds new risk mitigation benefits by adding context attributes and signals for enriching AM adaptive access controls.”
J.P. Morgan Securities LLC served as exclusive financial advisor, Goodwin Procter served as legal counsel to OneLogin and Paul Hastings served as legal counsel to Quest. The terms of the deal were not disclosed.
OneLogin is the number one value-leader in Identity and Access Management. Our Trusted Experience Platform™ provides everything you need to secure your workforce, customers, and partners at a price that works with your budget. Headquartered in San Francisco, OneLogin secures over 5500 customers worldwide, including Airbus, Stitch Fix, and AAA. To learn more visit https://www.onelogin.com.
About One Identity
One Identity provides unified identity cybersecurity that protects the people, applications and data essential to business. We verify everything, so that each user has the right access, at the right time, for the right reason. Our Unified Identity Security Platform brings together best-in-class Privileged Access Management (PAM), Identity Governance & Administration (IGA), and Active Directory and Azure Active Directory (AD/AAD) Management & Security capabilities to mitigate cybersecurity exposure. One Identity is trusted and proven on a global scale – managing more than 250 million identities for more than 5,000 organizations worldwide. For more information, visit http://www.oneidentity.com.