One Identity Acquires OneLogin to Offer Consolidated IAM Suite
One Identity has acquired OneLogin, an IAM (Identity and Access Management) provider, with the goal of offering its customers a suite of end-to-end security applications offering identity correlation, secure access to assets reviews and real-time visibility into suspicious connection activity.
One Identity, which is owned by Quest Software, has so far provided PAM (management of privileged access), IGA (governance and administration of identities) and ADMS (management and security of active directories).
âOur strategic intention to acquire OneLogin is to be truly able to offer an end-to-end identity security portfolio to our customers through one platform rather than having a fragmented approach,â said Bhagwat Swaroop, president of One Identity.
OneLogin presented itself as a budget option within IAM, offering tools to manage internal, partner and customer identities.
âWhile we excel in PAM, IGA and ADMS, OneLogin shines in IAM and is recognized by the industry for it,â said Swaroop. Extending identity in larger markets such as banks which manage customer identities for their online banking portals.
San Francisco-based OneLogin was founded in 2009. Its customers include Airbus, British Red Cross, Dell, NASA and Mitsubishi Electric. The terms of the agreement were not disclosed by any of the parties.
Joining One Identity gives OneLogin the opportunity to accelerate its growth by providing added value to customers of both companies, Brad Brooks, CEO of OneLogin, said in a statement. “With OneLogin’s robust unified platform for the workforce and CIAM [Consumer Identity and Access Management], by combining strengths with One Identity’s suite of products, including its PAM solution, will enable new and existing customers globally to leverage the industry’s only unified identity security platform â Brooks said.
Cloud migration highlights need for IAM
IAM manages the access privileges of individual network entities (users and devices) to a variety of cloud and on-premises applications. As businesses move more and more resources to the cloud, it becomes easy to lose track of thousands of potential identities, and security increasingly relies on IAM to protect the network. As a result, consolidation is brewing in the security product market as vendors seek to strengthen their IAM-related offerings. Earlier this year, for example, Okta acquired Auth0, an identity management platform for application teams, in a stock market transaction valued at approximately $ 6.5 billion.
For its part, One Identity claims to manage around 250 million identities for 5,000 organizations, while OneLogin claims just over 40 million identities for 5,500 customers.
âThis is a marriage between a primarily on-premises Active Directory and an emerging Azure AD leader with a cloud-centric technology complement,â said Jay Bretzmann, program director for security products at IDC. âThe identity security market needs these combinations to move from a siled on-premise approach to something that meets the needs of organizations in transition to a new modern solution that leverages past practices with cloud environments. No removal and replacement required.
The One Identity and OneLogin products are complementary, said Liz Miller, vice president of Constellation Research.
Acquisition unifies complementary security suites
âThis acquisition makes a lot of sense when you look at One Identity’s existing portfolio of identity solutions,â Miller said. âWith a set of tools that covers privileged access management and identity governance and administration, the inclusion of identity and access management complements the full visibility and identity posture of a business seeking understand, end-to-end, where access and identification vulnerabilities might exist. “
While the consolidation of security tools is not all that businesses need to master an insecure identity environment, according to Miller, it is absolutely a step in the right direction for any organization looking for. a single component of understanding where access, identity, and credentials are concerned.
The main goal of IAM systems is a digital identity per individual or device. Once identity is established, it must be maintained, changed, and monitored throughout the access lifecycle of each user or device.
PAM is a suite of privileged account security solutions that covers privileged access storage, management, authentication, registration, auditing and analysis. IGA management controls identities and access for on-premises, hybrid, and cloud environments to support audit and compliance initiatives. ADMS offers features such as provisioning, group and role management, password management, and governance.
One Identity envisions a gradual integration of OneLogin’s different capabilities because it does not want to compromise the latter’s engineering and go-to-market strategies, company officials said. To that end, OneLogin is intended to operate as a separate business unit under One Identity for the next six to nine months. Meanwhile, One Identity will be working in the background to try to merge the different aspects of OneLogin’s business into its existing unified platform.
According to Miller, little impact is expected to be reflected on the customer experience due to the onboarding, except for common enterprise customers, who might see better streamlining of solutions and user experience after onboarding. .
Access Management (AM) Tools have started adding IGA functionality to their portfolios, including Identity Lifecycle Management, Access Requests, Approval Workflows, Identity Execution and Synchronization between user directories. This convergence of PAM and AM (and, potentially, IGA) functionality adds new risk mitigation benefits by adding context attributes and signals to enrich adaptive AM access controls, according to Gartner.
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