Delinea Acquires Identity Threat Detection Startup Authomize

The privileged access management vendor said the acquisition will enable greater protection against account takeovers and other identity-based threats.

Privileged access management vendor Delinea announced Tuesday the addition of new identity security capabilities to its platform with the acquisition of Authomize.

Delinea declined to disclose how many employees will be joining from Authomize or the financial terms of its acquisition of the startup. A Calcalist report estimated the acquisition price in the tens of millions of dollars.

[Related: Mimecast Acquires Risk Identification Startup Elevate Security]

It’s the latest in a series of cybersecurity startup acquisitions to lead off 2024. Others have included SentinelOne’s acquisition of PingSafe, SonicWall’s acquisition of Banyan Security and Mimecast’s acquisition of Elevate Security.

In a statement, Delinea said that it will combine Authomize’s identity threat detection and response capabilities with its own privileged access management offering.

The move will “extend the Delinea Platform's reach for comprehensive privileged controls in the cloud while expanding its role to provide a strong defense against identity-based attacks such as account takeovers, insider threats, and lateral movement,” the company said.

Founded in 2019, Authomize had been named by CRN as one of the most-promising cybersecurity startups of 2021.