IT services giant ServiceNow announced on Tuesday that it has agreed to acquire identity security company Veza Security.
The Information last week reported [paywalled article] that ServiceNow had been in advanced talks to buy Veza for more than $1 billion.
Contacted by SecurityWeek, ServiceNow representatives said they are unable to disclose the terms of the contract.
However, the lack of an outright denial suggests the reported figure may be accurate. This is also supported by the fact that earlier this year Veza Security raised $108 million in a Series D funding round that brought its valuation to $808 million.
Veza emerged from stealth in 2022 and raised a total of $235 million.
The startup has developed an identity security platform that provides non-human identity management, SaaS access security, identity security posture management, privileged access monitoring, data system access, governance and administration, and cloud access management capabilities.
The platform is powered by a proprietary Access Graph that can map and analyze access relationships across human, machine, and AI identities.
ServiceNow said the acquisition of Veza will enable it to extend the capabilities of its security and risk portfolios, strengthening identity and access controls across applications, data, cloud, and AI agents.
Specifically, Veza “enhances the ServiceNow AI Control Tower by governing what AI agents can access and do across enterprises,” ServiceNow explained.
SecurityWeek’s M&A tracker has cataloged roughly 400 cybersecurity-related deals announced to date this year.
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