Remote access vendor Bomgar has acquired BeyondTrust to create what it claims is the "most comprehensive" privileged access management (PAM) company on the market.
The deal will see Bomgar renamed BeyondTrust, with the combined company having a customer base of 19,000 worldwide.
Bomgar CEO Matt Dircks will remain at the helm of the business.
He said: "We are extremely excited to build on BeyondTrust's privileged access management leadership, and the significant benefits it will bring to our joint customers, partners, and people.
"Both organisations bring talented employees who are passionate about protecting organisations from attacks related to privileged access.
"The greater scale and resources of the combined company will allow us to accelerate innovation and deliver technology that protects our customers from constantly evolving threats."
Bomgar was itself acquired by private equity firm Francisco Partners from Thoma Bravo earlier this year. The vendor went on to acquire end-point privilege management vendor Avecto.
BeyondTrust CEO Kevin Hicky said: "The BeyondTrust family is excited to join the dynamic Bomgar and Francisco Partners teams.
"I am confident that the additional investment and scale resulting from this combination will drive innovation for our customers and new opportunities for our partners as we expand our leadership position in the fast-moving privileged access management market.
"Working with the [previous owner] Veritas Capital team over the last four years, we have transformed the business by strengthening our product offering, enhancing our market position, and generating outstanding growth."
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