One Identity Acquires Balabit to Bolster Privileged Access Management Solutions
One Identity, one of the business units within Quest Software, has announced their first acquisition since Quest was spun back out of Dell EMC in the fall of 2016. They have acquired Balabit, a Hungarian-based maker of session management solutions that play a key role in Privileged Account Management [PAM].
For One Identity, the deal is significant on a couple of level. They were already OEMing Balabit’s core solution, and this will give them additional control over that technology. However, Balabit has additional related technologies which can now be incorporated as well. The go-to-market impact will also be significant, as Balabit brings a significant channel with them, which will greatly enhance One Identity’s efforts to build up their indirect PAM business.