Bomgar Acquires Avecto to provide Privileged Access Management Solution

Bomgar, a leader in identity and privileged access management solution for privileged users, recently announced the acquisition of Avecto, a global market leader in endpoint privilege management. For 10 years and counting, Avecto has been delivering innovative solutions in a rapidly growing segment of cyber-security. Avecto adds market-leading endpoint privilege management to Bomgar’s Privileged Identity and Privileged Access solutions, resulting in a best-in-class Privileged Access Management (PAM) portfolio.

Avecto’s Defendpoint technology combines privilege management and application control, making it easy to protect thousands of endpoints by making admin rights removal simple and scalable. Pairing Avecto with Bomgar’s privileged account and session management technology will enable businesses to fully implement the principle of least privilege and defend themselves against today’s most prevalent threats. With this acquisition, the combined solution will enable companies to defend against privileged access threats, and improve compliance, productivity, and performance.

The award-winning Privileged Identity and Privileged Access components of Bomgar’s PAM product portfolio secure privileged accounts and credentials, while also defending the remote access pathways abused by attackers. With Avecto’s endpoint privileged management technology, Bomgar customers can remove excess admin rights throughout their organizations, and only elevate privileges for approved applications and actions.

Forrester Research, through its “Forrester Wave report for Privileged Identity Management” says that 80% of security breaches involve privileged credentials. Privileged accounts are coveted targets for attackers & must be protected from both internal and external threats. Bomgar’s solutions protect privileged accounts, passwords, and credentials, while securing the remote access pathways commonly exploited in these attacks. Avecto’s technology adds another layer of defense at the endpoint by allowing organizations to remove excess admin rights only elevating privileges for approved applications and actions.

The addition of Avecto will also help the thousands of IT admins and support pro’s using Bomgar’s Remote Support solutions to securely manage privileged access to desktops and workstations with minimal user interruption.

The acquisition will result in an integrated PAM offering with market-leading capabilities for:

• Privileged Account Auto-Discovery: Reliably discover and secure the widest range of privileged accounts across enterprises.
• Credential Management & Rotation: Change thousands of privileged passwords across an enterprise in minutes.
• Privileged Session Management: Securely manage, monitor, and control privileged access sessions.
• Privileged Elevation and Delegation: Making the removal of admin privileges and white-listing of trusted applications achievable across all endpoints.
• Audit and Compliance: Record and track all privilege access across your environment.

According to Gartner, “The privileged access threat landscape is growing with a higher risk of enabling cyber attacks and severe consequences.” Gartner recommends that, “in order to deliver effective privileged IAM capabilities technical professionals should… acquire and deploy commercial PAM solutions to automate foundational capabilities such as privilege credential discovery, protection, session monitoring, privilege elevation and delegation, and audit controls.”

Besides defending against cyber-attacks and insider abuse, Bomgar can also help users streamline their PAM implementations through a single vendor. The scope and complexity of PAM deployments continues to increase. But now organizations can come to Bomgar for a complete privileged identity and access management solution. This includes market-leading technology in privileged account auto-discovery, continuous credential rotation, privileged session management, privileged elevation and delegation, and privileged access auditing.

When it comes to addressing a wide variety of use cases related to privileged account security threats, no other vendor in the high-growth PAM industry offers more features and functionality than Bomgar.

Interested to know more about remote support management or the solution with license procurement? We can help you out with that! Contact us at sales@lyrainfo.com or reach us at +91 80 4040 8181 | +91 124 420 6939