UK-based Grey Monarch snapped up by Pathlock

Patchlock says the move helps it expand SAP capabilities

Pathlock says it is expanding its SAP capabilities through its acquisition of Swindon-based firm Grey Monarch.

Grey Monarch is a specialist SAP partner with expertise in SAP security, SAP licence optimisation and secure managed file transfer.

Pathlock claims the deal will see the two companies further help SAP customers streamline audit, compliance and control processes.

CEO of the security applications provider Piyush Pandey said: "We continue to see a strong demand for our globally recognised application security and controls automation solutions, and know that with Grey Monarch's specialisation in SAP process automation we can continue to enable our global customers to revolutionize the way they secure their sensitive financial and customer data."

David Lloyd, director and co-founder of Grey Monarch, added the move will give customers "an unsurpassed visibility into their business applications".

"It's now more imperative than ever for organizations to utilize a holistic view of user access and privileges so they can be managed, monitored and controlled to ensure the maximum protection of data, business processes and intellectual property," he said.

This comes after Pathlock announced a $200m capital raise sponsored by Vertica Capital Partners alongside several mergers and acquisitions.

The company says it has now doubled in size in terms of revenue and employees, with it servicing over 1,400 customers from offices across the US, UK, Belgium, Germany, Israel and India.