Says will extend CA’s security portfolio, will expand customer options for securing IT administrator accounts across hybrid IT environments
CA Technologies said it has signed a definitive agreement to acquire privately held Xceedium, Inc., a provider of privileged identity management solutions that protect on-premise, cloud and hybrid IT environments. Terms of the agreement were not disclosed. The transaction is expected to close within the quarter.
Acquiring Xceedium will extend CA’s security portfolio, giving customers a comprehensive solution for controlling and protecting IT administrator or other privileged user accounts from external attacks or insider mistakes and malicious misuse announced the press release.
“Our digital world gives organizations tremendous opportunity; it also introduces additional regulatory demands and increased risk as bad actors penetrate our networks using stolen credentials which give them the proverbial ‘keys to the kingdom,’” said Steve Firestone, senior vice president and Security general manager, CA Technologies. “The CA and Xceedium combination will reinforce our leadership position in privileged identity management and offer customers a flexible approach to managing privileged identity compliance and risk.”
Xsuite, Xceedium’s innovative privileged identity management solution for hybrid IT environments, offers an identity-centric, proxy-based approach. It provides a centralized point of authentication for administrators, brokering the release of credentials for shared administrative accounts without exposing them to the risk of theft, compromise, or misuse.
“Protecting against attacks on privileged user credentials can be the difference between staying in business and going out of business. It also has become a critical element of our national defense as recent attacks on government systems reveal an escalation in attacks from cybercrime to cyberespionage,” said Glenn Hazard, Xceedium CEO. “We’re excited to join forces with CA to help deliver a next generation threat mitigation suite to the market that directly addresses these devastating data breaches and attacks.”
