Optiv Security Expands Identity and Access Management Leadership Position with Close of Advancive Acquisition
13 April 2016 - 4:05AM
Business Wire
Transaction Brings Together Two Respected IAM
Organizations to Solve Client Identity Problems in New and
Innovative Ways
Optiv Security, a market-leading provider of end-to-end cyber
security solutions, today announced that it has completed its
acquisition of Advancive LLC, a provider of identity and access
management (IAM) services and solutions. The transaction and
resulting combination of people, know-how and best practices,
allows Optiv to continue to expand its IAM expertise and offerings,
and provide new and innovative IAM services and solutions. It also
enables the company to establish a physical global presence to
better help clients plan, build and run holistic IAM and security
programs that meet their specific business needs. The terms of the
transaction are not being disclosed.
“Organizations face numerous cyber security problems when
managing user identities and access requirements,” said Christina
Richmond, program director, security services for IDC. “With the
growing use of cloud, mobile and other new technologies across the
enterprise, it is increasingly challenging for companies to ensure
that only trusted employees, partners and consumers can seamlessly
access the right applications using trusted devices. As such,
companies must find a trusted partner that understands how identity
fits into the broader cyber security landscape, and has the
expertise and capabilities to help develop the right strategy and
execute on that plan.”
This transaction provides Optiv and Advancive clients with
greater benefits through improved access to resources, capabilities
and solutions, including:
- The industry’s deepest and broadest
bench of IAM experts with experience in and capabilities across an
extensive technology portfolio.
- Additional strategic consulting
capabilities that enable the delivery of end-to-end identity
services to help clients build full IAM programs that meet their
business needs.
- More holistic solutions that address
clients’ complex identity management, privileged access management
and identity governance problems in the process of ongoing IT
transformation and migration.
- An increased ability to solve client
IAM problems through a proven comprehensive, consultative and
unified approach that includes people, process and technology.
- An expanded global footprint with a
physical presence in India, allowing a follow-the-sun strategy over
time to more effectively serve clients around the world 24 hours a
day, 7 days a week.
“This transaction aligns with our long-term strategy to be an
innovative leader in the IAM industry by solving client problems
with a programmatic mindset, high quality services, the best
technologies and advanced holistic solutions,” said Bryan Wiese,
vice president of identity and access management for Optiv. “The
complementary strengths of our two companies will position us to
capture the growth opportunities created by the rapidly evolving
IAM industry. I’m excited to welcome the Advancive team and looking
forward to all that we will achieve together.”
Holland & Hart LLP served as advisors to Optiv on the
transaction.
About Optiv SecurityCreated from the merger of Accuvant
and FishNet Security, Optiv is a market-leading provider of
end-to-end cyber security solutions. We help clients plan, build
and run successful cyber security programs that achieve business
objectives through our depth and breadth of cyber security
offerings, extensive capabilities and proven expertise in cyber
security strategy, managed security services, incident response,
risk and compliance, security consulting, training and support,
integration and architecture services, and security technology. A
Blackstone (NYSE: BX) portfolio company, Optiv maintains premium
partnerships with more than 300 of the leading security technology
manufacturers. For more information, visit www.optiv.com or follow
us at www.twitter.com/optiv, www.facebook.com/optivinc and
www.linkedin.com/company/optiv-inc.
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version on businesswire.com: http://www.businesswire.com/news/home/20160412006161/en/
CHEN PRJennifer Torode, 781-672-3119jtorode@chenpr.comorSusan
Vaillancourt, 603-459-8906susan.vaillancourt@optiv.com
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