Pathlock, a provider of access governance solutions, announces a merger with Appsian, a provider of ERP data security solutions, and Security Weaver, a provider of governance, risk and compliance management (GRCM) software for SAP. In addition to the mergers the combined company, Pathlock, will acquire CSI Tools, a Belgium-based GRCM provider, and Germany-based SAST SOLUTIONS, a holistic solution provider for hardening SAP environments.
“Traditionally, organizations are auditing the controls for their applications and data with a patchwork of manual processes, disparate software tools, and consulting and services organizations,” said Piyush Pandey, former CEO of Appsian and the new CEO of Pathlock. “The combined company from this series of mergers and acquisitions creates a first-of-its-kind, unified, 360-degree platform. Now, organizations can automate their controls across their business applications and mitigate risk in real-time. It is a simplified way for enterprises to protect their data in the face of digital transformation and the cloud era.”
As a part of these transactions, Pathlock also announces it has raised $200M capital led by Vertica Capital Partners. This investment allows Pathlock to expand its application governance and data security capabilities, addressing the surge in demand for governance and protection of cloud and on-premise business applications, and the data within them.
The company’s offerings are going deeper and wider than ever by providing a single unified platform to implement, enforce and manage GRC controls across enterprise applications.
The combined company services more than 1,200 customers across all major industries and will double in size in terms of employees. Additionally, the new company brings with it a global reach and international customer presence with offices across Belgium, Germany, India, Israel, the United Kingdom and The United States.
For details on the company’s strategy and integration plans, join an 11 a.m. (ET), May 24, webcast.