CONFERENCE Cyber AI & Automation Summit - Watch Sessions
Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Funding/M&A

Akamai Acquires Identity Management Firm Janrain

Internet infrastructure giant Akamai Technologies on Monday announced the acquisition of Janrain, a Portland, Oregon-based company specializing in identity and access management (IAM).

Internet infrastructure giant Akamai Technologies on Monday announced the acquisition of Janrain, a Portland, Oregon-based company specializing in identity and access management (IAM).

Janrain pioneered customer identity access management (CIAM), which helps organizations manage and safeguard their customers’ identities. The company’s solutions have been used by some of the world’s biggest brands, including Samsung, McDonald’s, Philips and Siemens.

By integrating Janrain solutions into its Intelligent Edge Platform, Akamai wants to add new capabilities that should provide enterprises a secure and resilient environment for collecting and storing user data, protecting against identity theft, managing privacy controls, and improving brand loyalty.Akamai acquires Janrain

On the other hand, Akamai says CIAM customers will benefit from anti-bot services that mitigate the risks associated with credential abuse, and intelligence that will enable them to make informed decisions about who can register and log in based on previous online behavior.

“It is challenging to conduct business online without an inherent and expected level of digital trust,” said Rick McConnell, president of Akamai and GM of the company’s Web division. “Janrain’s Identity Cloud, working together with Akamai’s Intelligent Edge Platform, will provide an added layer of security to allow our customers to know more about their end users and potentially drive additional revenues from that deepened relationship.”

The acquisition is expected to close early in the first quarter of 2019. Akamai has not said how much it’s prepared to pay for Janrain, but the company did reveal that it’s an all-cash transaction that is expected to have only minor financial impact.

Financial analysts forecast that Akamai will post roughly $700 million in sales for the current fiscal quarter, which represents an increase of 6 percent compared to the same period of last year.

Related: Akamai to Acquire DNS Security Firm Nominum

Related: Akamai Acquires Bot Detection Startup Cyberfend

Advertisement. Scroll to continue reading.

Related: Akamai Launches New DNS Security Product

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Don’t miss this Live Attack demonstration to learn how hackers operate and gain the knowledge to strengthen your defenses.

Register

Join us as we share best practices for uncovering risks and determining next steps when vetting external resources, implementing solutions, and procuring post-installation support.

Register

People on the Move

Shanta Kohli has been named CMO at Sysdig.

Cloud security firm Sysdig has appointed Sergej Epp as CISO.

F5 has appointed John Maddison as Chief Product Marketing and Technology Alliances Officer.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.