Access orchestration solutions provider Pathlock has announced several mergers and acquisitions, as well as raising $200 million as part of these transactions.
Pathlock products are designed to help enterprises secure financial and customer data. The company’s offering includes data governance, identity and access governance, and application security products.
Pathlock on Tuesday announced mergers with ERP data security firm Appsian, and Security Weaver, a company that provides governance, risk and compliance management (GRCM) software for SAP.
In addition, the Flemington, NJ-based company announced the acquisitions of Belgium-based GRCM provider CSI Tools and Germany-based SAP security firm SAST Solutions.
The $200 million raised by the company in a funding round led by Vertica Capital Partners will enable it to further expand application governance and data security capabilities. Pathlock previously raised $20 million in 2021.
The combined company has more than 1,200 customers and is expected to double employee count.
Piyush Pandey, the former CEO of Appsian, has been named the new CEO of Pathlock.
“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. The combined company from this series of mergers and acquisitions creates a first-of-its-kind, unified, 360-degree platform,” Pandey said.
“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,” Pandey added.
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