SailPoint Acquires Identity Solutions Startup SecZetta
By: Duncan Riley, SiliconANGLE
SailPoint Technologies Inc. today announced it has acquired identity solutions startup SecZetta Inc. for an undisclosed sum.
Founded in 2019, SecZetta offers a third-party risk solution product designed to assist organizations in implementing a risk-based identity lifecycle process. The company’s solution allows organizations to collect third-party, non-employee data from internal and external sources to create an identity authority for third-party user data.
Using the data gathered, SecZetta’s platform allows organizations to automate key identity processes and improve operational efficiency and accuracy in onboarding. The company says the service streamlines compliance audits, provides identity verification and delivers de-provision access in a timely manner.
Notable SecZetta clients include Airbus SE, the Mayo Clinic, Oregon Health & Science University and Williams-Sonoma Inc.
SailPoint will use SecZetta’s technology to help companies gain better visibility into all types of identities. Coverage will include employee and non-employee identities – from third-party contractors to temporary workers and non-human identities, from a single identity security platform.
Once SecZetta’s solutions are integrated into SailPoint’s Identity Security Cloud platform, SailPoint says it will deliver a unified platform to customers. The combined platform, the company added, will provide context-rich identity information with the right level of intelligence needed to answer the “who should have access to what,” “when” and “why.”
With SecZetta, SailPoint said, it would also be able to further help companies with identity consolidation efforts, merging and organizing workforce data across authoritative sources to create a centralized repository of identities.
“Acquiring SecZetta allows us to quickly address an emerging threat to our customers’ business – and that is this gap in visibility over non-employee identities,” Mark McClain, founder and chief executive officer of SailPoint, said in a statement. “Here at SailPoint, we want to be known as the kind of company our customers can always rely on to anticipate and solve their needs as they continue to evolve.”
Coming into its acquisition, SecZetta had raised $30.5 million in venture capital funding, according to Crunchbase. Investors included Rally Ventures, MassMutual Ventures, SYN Ventures and ClearSky.
SailPoint itself was acquired last year by private equity firm Thoma Bravo LLC in a $6.9 billion deal. The acquisition was completed in August.