Data security software vendor Netwrix has acquired Remediant, an early-stage startup working on technology in the PAM (privileged access management) category.

Financial terms of the acquisition were not disclosed. 

Remediant, based in San Francisco and backed by Dell Technologies Capital and ForgePoint Capital, raised $15 million in Series A venture capital funding in August 2019.

Remediant, founded in 2015 by security practitioners Paul Lanzi  and Tim Keeler, built a PAM software product that offered continuous scans for administrator accounts and custom-built technology to protect them from misuse and abuse.

Remediat’s flagship SecureONE product handles privileged access management across Windows, Linux and macOS systems and is positioned as a tool to protect against lateral movement by automatically discovering and removing always-available admin access.

Netwrix said the acquisition would beef up its privileged access management (PAM) portfolio with tools for just-in-time access as part of a zero standing privilege (ZSP) security model.  

The Texas-based Netwrix sells a wide range of IT security products covering data access governance, ransomware protection, Active Directory security, and identity and access management.

Netwrix claims a customer base of more than 13,000 companies ranging from Airbus, Virgin and Allianz.

By Ryan Naraine on Wed, 28 Dec 2022 16:06:10 +0000
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