Highlights:

  • SecureOne’s Zero Standing Privilege technology demands multifactor authentication for just-in-time resource access and removes blind spots in legacy PAM solutions by prohibiting administrative access sprawl beyond the vault.
  • Customers of Remediant will be offered additional security services through Netwrix’s existing product line, allowing businesses to decrease risk and make more informed security decisions.

Data security company, Netwrix Corp., has purchased the Privileged Access Management (PAM) startup, Remediant Inc. for an unknown sum to bolster its PAM solution.

Remediant, founded in 2015, provides PAM software meant to assist organizations in safeguarding their accounts from misuse and abuse. The software provides zero-trust security protection, real-time monitoring for privileged accounts, and just-in-time administration across IT and security ecosystems.

SecureOne, the company’s flagship program, provides agentless, real-time insight into 24×7 administrative access and one-click removal of unneeded, always-on, always-available privileged accounts.

SecureOne’s Zero Standing Privilege technology demands multifactor authentication for just-in-time resource access and removes blind spots in legacy PAM solutions by prohibiting administrative access sprawl beyond the vault.

In addition, Remediant’s software provides ongoing protection against ransomware, spyware, and other external assaults that utilize stolen or misappropriated credentials.

The service delivers enhanced contextual information about compromised privileged accounts so that security teams may prioritize incident response and repair.

In addition to the acquisition enhancing Netwrix’s PAM service, Netwrix will employ Remediant’s technology to improve its technical capacity in the Identity and Protect functions of the Technology Cybersecurity Framework and National Institute of Standards.

Customers of Remediant will be offered additional security services through Netwrix’s existing product line, allowing businesses to decrease risk and make more informed security decisions.

Steve Dickson, CEO of Netwrix, stated “We are excited to strengthen our offering in privileged access management to empower organizations with even better resistance to advanced threat. Netwrix now is the go-to company for protection from cyberattacks that leverage privileged access and lateral movement techniques.”

Remediant had raised USD 15 million in 2019 and an additional undisclosed sum in 2020 prior to its acquisition. The company’s investors include Dell Technologies Capital and Forgepoint Capital.

Netwrix has been on a buying spree in recent years, acquiring New Net Technologies LLC, Imanami Corp., and MATESO GmbH, among others.