Delinea is set to acquire Fastpath in a move that will redefine privileged access and identity governance. Delinea has built a reputation as a leader for solutions that extend Privileged Access Management (PAM), and this latest move follows on from its recent acquisition of Authomize.
The inclusion of Fastpath, an industry leader in Identity Governance and Administration (IGA) and identity access rights, signifies a major expansion of Delinea's capabilities. The enhanced method of governance will bolster cyber risk management and compliance, promote organisational cybersecurity, and improve privileged access and controls.
The imminent fusion of Fastpath's expertise positions Delinea as a principal provider of an AI-driven authorisation security platform. Consequently, this combination will optimise the management of authorisation across infrastructure, applications, and data. This exclusive platform will provide unrivalled insights and control over user access and privileges.
Art Gilliland, CEO of Delinea, believes this latest acquisition will underscore a new epoch in identity security and develop pioneering standards for privileged access management. Gilliland asserts that, "The addition of Fastpath will empower the Delinea platform to dynamically control authorisations by assessing user risk. This advanced approach is crucial for securing modern, distributed environments across infrastructure, applications and data."
Infrastructure-as-a-service and SaaS applications dominate today's landscape, making organisations susceptible to a sprawling attack surface and challenges in managing data and identity. The union of Fastpath and Delinea is both timely and crucial to help Chief Information Security Officers (CISOs) and their teams manage the complex interactions between privileged users and corporate data.
The integration of Fastpath's IGA capabilities with Authomize's Identity Threat Detection and Response (ITDR) technology, positions Delinea to offer profound insights and control mechanisms over user access. This unique integration not only identifies overprivileged access and potential threats but also facilitates automated remediation through intelligent access controls, significantly enhancing data security and compliance.
Martin Kuppinger, founder and Principal Analyst at KuppingerCole, emphasises that centralised management of authorisation and policy models is critical in tackling some of the challenges facing CISOs today. He argues that it is key to reducing risk and mitigating threats in decentralised environments spanning all identities.
Charles Snellgrove, CEO of Fastpath, praised the partnership with Delinea, saying it marks a transformative milestone in identity security. Snellgrove believes the powerful synergy between the two organisations will provide business leaders with an effective strategy to mitigate cybersecurity risks. The CEO declares that the enhanced capabilities to manage privileged access, controls, and governance offer unparalleled insights and control over user access and privileges.
The completion of the acquisition is dependent on customary closing conditions, including regulatory review. Since 2020, Fastpath has been part of the Pamlico Capital portfolio and was represented by Raymond James in the transaction.
