UPDATED 13:27 EDT / JANUARY 12 2023

SECURITY

SailPoint acquires identity solutions startup SecZetta

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.

Photo: SecZetta/Facebook

A message from John Furrier, co-founder of SiliconANGLE:

Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.

  • 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
  • 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.

Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.