Delinea, a pioneering provider of solutions that seamlessly extend Privileged Access Management (PAM), announced a definitive agreement to acquire Fastpath, a pioneer in Identity Governance and Administration (IGA) and identity access rights.
This strategic move follows Delinea's recent acquisition of Authomize and marks a significant expansion in Delinea's capabilities to enhance privileged access, controls, and governance, reducing organisational cybersecurity risk and ensuring compliance.
User access and privileges
By incorporating Fastpath’s expertise, Delinea is poised to offer a robust, AI-driven authorisation security platform making Delinea the definitive source for managing authorisation across infrastructure, applications, and data, providing unmatched insights and control over user access and privileges.
Delinea is poised to offer a robust, AI-driven authorisation security platform making
“This strategic acquisition by Delinea heralds a new era in identity security, establishing pioneering standards for Privileged Access Management in an increasingly digital and interconnected world, where cybersecurity challenges are constantly evolving,” said Art Gilliland, CEO of Delinea. “The addition of Fastpath will empower the Delinea Platform to dynamically control authorizations by assessing user risk. This advanced approach is crucial for securing modern, distributed environments across infrastructure, applications, and data."
Authorisation and policy models
In a landscape, dominated by Infrastructure-as-a-Service and SaaS applications, organisations face a growing attack surface and challenges in managing data and identity sprawl. The combination of Fastpath with Delinea is timely, addressing these challenges head-on. It equips Chief Information Security Officers (CISOs) and their teams with advanced tools for managing the complex interactions between privileged users and corporate data.
"The challenge that CISOs are struggling with is that identities are increasingly decentralised, but that leaves a lot of open gaps for authorisation," said Martin Kuppinger, founder and Principal Analyst at KuppingerCole. "Authorisation and policy models need to be managed and more centralised, especially as privileged users are not limited to traditional admins but expand to line of business users. Solving the challenge of centralising, orchestrating, and automating authorisation is critical to effectively reduce risk and mitigate threats in decentralised environments spanning all identities."
Fastpath's IGA capabilities
Delinea is uniquely placed to offer profound insights and control mechanisms over user access
Combining Fastpath's IGA capabilities with Authomize's Identity Threat Detection and Response (ITDR) technology, Delinea is uniquely positioned to offer profound insights and control mechanisms over user access.
This integration not only identifies overprivileged access and potential threats but also facilitates automated remediation through intelligent access controls, significantly enhancing data security and compliance. “There is a powerful synergy between Fastpath and Delinea,” commented Charles Snellgrove, CEO of Fastpath.
Set of security challenges
Snellgrove added: "In today's landscape, business pioneers face a complex set of security challenges. By bolstering capabilities to enhance privileged access, controls, and governance, organisations can effectively mitigate cybersecurity risks. The collaboration between Fastpath and Delinea marks a transformative milestone in identity security, offering unparalleled insights and control over user access and privileges."
The acquisition is subject to customary closing conditions including regulatory review. Fastpath, a Pamlico Capital portfolio company since 2020, was represented by Raymond James.