Bomgar disclosed today it has inked a deal to acquire the endpoint privilege management firm Avecto.
Bomgar declined to reveal the financial details of the deal but did say merging with Avecto will enable Bomgar to defend against privileged access threats, improve compliance, productivity, and performance.
“With the addition of Avecto, Bomgar now offers one of the most comprehensive PAM platforms for managing and protecting privileged access,” said Matt Dircks, Bomgar CEO. We're excited to combine forces with Avecto's team, customers, and partners to develop new, innovative ways to mitigate the risks of privileged threats.”
The merger is expected to close on July 31, 2018.
The companies did not offer any details on the new corporate structure nor any changes related to location or staffing.