New Unified Company Delivers on Vision of Automated Privileged Access Lifecycle
Management for Heterogeneous IT Environments
AGOURA HILLS, Calif.--(Business Wire)--
Symark International today announced the acquisition of BeyondTrust, a company
that provides least privilege management solutions for Windows platforms,
thereby enhancing security and compliance for enterprise customers. The combined
organization will operate under the name BeyondTrust, which reflects the
company`s mission to provide a comprehensive product suite that automates
Privileged Access Lifecycle Management (PALM) in heterogeneous IT environments.
With the addition of patent-pending Windows-based privileged management
technologies, the acquisition more than doubles the company`s addressable market
and positions the new BeyondTrust for continued growth as a leading IT security
provider for the enterprise market.
"BeyondTrust is the first acquisition in our aggressive but pragmatic growth
strategy to consolidate complementary, cross-platform technologies to meet
customer`s IT privilege management needs," said John Mutch, CEO of the new
BeyondTrust. "We see continued market acknowledgement and validation of
increasing security and compliance risks from loosely managed IT privileges, as
well as the need for a centralized management solution to systematically
mitigate those risks across heterogeneous computing devices. With the extension
to the Windows platform, this acquisition cements our leadership in the
Privileged Access Lifecycle Management space."
The new BeyondTrust is the first provider of a comprehensive, integrated
security and compliance solution for privileged users in Unix, Linux, and
Windows environments. The company`s suite of products enable customers to
maximize security and achieve compliance objectives, while significantly
reducing the cost and complexity of managing privileged access to critical IT
resources. The expansion of its privilege management product families make it
ideal for Unix, Linux and Windows desktops and servers, network devices,
applications and databases.
"Prior to implementing BeyondTrust, many of our users were logging in with
administrative privileges. As a result, we experienced more frequent end user
downtime and a greater number of security issues," said Ben DeGennaro, director
of systems support of Boston University. "Thanks to BeyondTrust, we have been
able to realize the enormous security and standardization benefits of removing
administrator rights and managing privileged access to allow our users to run
authorized applications. The solution is already terrific and we look forward to
the expanded capabilities that the new BeyondTrust will bring."
"Organizations continue to struggle with excessive user privilege as it remains
the primary attack point for data breaches and unauthorized transactions," said
Mark Diodati, senior identity and security analyst at Burton Group. "As a
result, they are looking for holistic solutions that provide consistent
authentication, auditing, and privilege analysis across the Windows, UNIX, Linux
and Mac OS platforms."
The BeyondTrust PALM solution framework consists of four interconnected
privilege management stages running under a centralized and automated platform:
access to privileged resources, control of privileged resources, monitoring of
actions taken on privileged resources, and remediation of undesirable changes
made to privileged resources. The recently announced BeyondTrust PowerSeries
Management Console provides a central policy management engine and auditing
interface across each of the four stages. With multi-platform coverage for PALM,
the BeyondTrust solution helps customers pervasively maximize security to
achieve regulatory compliance with increased efficiency for enterprise
customers.
The acquisition extends the double-digit growth rate of the combined company and
is financially accretive, with minimal customer overlap, resulting in a larger
collective global enterprise customer installed-base. All employees from both
companies will be retained. Former BeyondTrust CEO John Moyer is now the EVP and
general manager of the BeyondTrust Windows Business Unit. Eric Voskuil will
become CTO of the combined company, responsible for the technical direction of
product strategy.
"BeyondTrust grew its revenue by 75 percent over the past year by addressing the
need for Windows-based enterprises across many industries to manage user
privileges," said John Moyer, EVP and general manager of the BeyondTrust Windows
Business Unit. "Combining these Windows capabilities with privileged user access
management for Unix and Linux platforms enables the new BeyondTrust to provide
customers with a uniquely comprehensive range of options for simplifying
security and compliance while reducing costs."
A webcast in which John Mutch, CEO of BeyondTrust, will discuss the details of
the acquisition and company strategy is scheduled for Tuesday, September 22,
2009 at 10:30 a.m. PDT and 4:30 p.m. EDT. Please visit www.beyondtrust.com to
register for the webcast.
About BeyondTrust
Founded in 1985, BeyondTrust is the only provider of Privileged Access Lifecycle
Management (PALM) solutions for heterogeneous IT environments. The BeyondTrust
suite of products reduces the risks associated with insider sabotage and theft
of proprietary data, while documenting accountability to support increasing
demands of regulatory compliance required across many industries.
PALM is a technology architecture framework consisting of four continual stages
running under a centralized automated platform: access to privileged resources,
control of privileged resources, monitoring of actions taken on privileged
resources, and remediation to revert changes made on privileged IT resources to
a known good state.
More than half of the companies listed on the Dow Jones Industrial Average rely
on BeyondTrust to secure their enterprises. BeyondTrust customers include eight
of the world's 10 largest banks, seven of the world's 10 largest aerospace and
defense firms, and six of the 10 largest U.S. pharmaceutical companies, as well
as renowned universities. BeyondTrust's customer retention rate is over 90
percent. The company is headquartered in Los Angeles, California, with East
Coast offices in Greater Boston as well as Washington DC, and EMEA offices in
London, UK. For more information, visit www.beyondtrust.com.
BeyondTrust
Eric Yoshizuru, 818-575-4000
eyoshizuru@beyondtrust.com
or
Gutenberg Communications
Samantha Singh, 408-335-6965
ssingh@gutenbergpr.com
Copyright Business Wire 2009
