PRESS RELEASE
SAN FRANCISCO, February 21, 2024 /PRNewswire/ — Outlinesleading provider of solutions that seamlessly extend Privileged Access Management (PAM), today announced a definitive agreement to acquire Fast route, a leader in identity governance and administration (IGA) and identity access rights. This strategic move follows that of Delinea recent acquisition of Authomize and marks a significant expansion of Delinea’s capabilities to improve privileged access, controls and governance, reducing organizational cybersecurity risk and ensuring compliance.
By incorporating Fastpath’s expertise, Delinea is poised to offer a robust AI-powered permissions security platform, making Delinea the definitive source for managing permissions across infrastructure, applications and data, providing unparalleled insights and control over access and user privileges.
“This strategic acquisition by Delinea heralds a new era in identity security, establishing pioneering standards for managing privileged access in an increasingly digital and interconnected world, where cybersecurity challenges are constantly evolving,” he said Art Gilliland, CEO of Delinea. “The addition of Fastpath will enable the Delinea platform to dynamically control permissions by assessing user risk. This advanced approach is critical to protecting modern, distributed environments across infrastructure, applications and data.”
In today’s landscape, dominated by Infrastructure-as-a-Service and SaaS applications, organizations are facing a growing attack surface and challenges in managing data and identity expansion. The combination of Fastpath with Delinea is timely and addresses these challenges head-on. It provides Chief Information Security Officers (CISOs) and their teams with advanced tools for managing complex interactions between privileged users and corporate data.
“The challenge CISOs are facing is that identities are increasingly decentralized, but that leaves a lot of gaps open for authorization,” said Martin Kuppinger, founder and principal analyst at KuppingerCole. “Authorization and policy models need to be managed and more centralized, especially as privileged users are not limited to traditional administrators but expand to line of business users. Solving the challenge of centralizing, orchestrating and automating authorization is critical to effectively reduce risks and mitigate threats in decentralized environments that span all identities.”
By combining Fastpath’s IGA capabilities with Authomize’s Identity Threat Detection and Response (ITDR) technology, Delinea is uniquely positioned to offer deep insights and control mechanisms over user access. This integration not only identifies overprivileged access and potential threats, but also facilitates automated remediation through intelligent access controls, significantly improving data security and compliance.
“There is a powerful synergy between Fastpath and Delinea,” commented Charles Snellgrove, CEO of Fastpath. “In today’s landscape, business leaders face a complex set of security challenges. By strengthening capabilities to improve privileged access, controls and governance, organizations can effectively mitigate cybersecurity risks. The collaboration between Fastpath and Delinea marks a transformative milestone in identity security, offering unprecedented insights and control over user access and privileges.”
The acquisition is subject to customary closing conditions, including regulatory review.
Fastpath, a Pamlico Capital portfolio company since 2020, was represented by Raymond James. Further information on Fastpath is available at gofastpath.com.
To find out more about Delinea, visit delinea.com.
About Delinea
Delinea is a leading provider of Privileged Access Management (PAM) solutions for the modern, hybrid enterprise. The Delinea platform seamlessly extends PAM by providing authorization for all identities, granting access to an organization’s most critical hybrid cloud infrastructure and sensitive data to help reduce risk, ensure compliance and simplify safety. Delineate removes complexity and defines access boundaries for thousands of customers around the world. Our clients range from small businesses to the world’s largest financial institutions, intelligence agencies and critical infrastructure companies. Find out more about Outline on LinkedIn, TwitterAND Youtube.