CyberTech Pathlock locks in $200m funding following M&A spree

Pathlock, an access orchestration solutions provider, has revealed it has raised $200m in funding following a recent spate of mergers and acquisitions.

Pathlock integrates into over 100 applications out of the box. The company’s platform monitors all user access permissions for SoD conflicts and data security controls across applications from one panel, while also monitoring all user activities to make sure people are using those permissions appropriately.

According to Security Week, Pathlock recently announced mergers with ERP data security firm Appsian as well as Security Weaver, which is a firm that provides governance, risk and compliance management (GRCM) software for SAP.

Pathlock also acquired Belgium-based GRCM provider CSI Tools and SAP security business SAST Solutions.

Alongside the acquisitions, Pathlock also raked in $200m from a funding round headed by Vertica Capital Partners. This funding, the firm claims, will enable it to further expand application governance and data security capabilities.

Pathlock currently has more than 1,200 and is anticipated to double its employee count.

Piyush Pandey – former CEO of Appsian who has now become CEO of Pathlock – said, “Traditionally, organisations are auditing the controls for their applications and data with a patchwork of manual processes, disparate software tools, and consulting and services organisations. The combined company from this series of mergers and acquisitions creates a first-of-its-kind, unified, 360-degree platform.

“Now, organisations 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.”

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