US-based cybersecurity giant Beyond Trust will acquire Israeli technology startup Entitle in a deal estimated at $100 million to $150 million. The acquisition aims to strengthen BeyondTrust's portfolio in data protection and analytics and expand its presence in the Israeli market. The deal includes cash and stock, but the exact financial details remain private.
The acquisition is expected to close shortly, subject to standard closing conditions and pending regulatory approvals. Post-merger, Entitle's analytical power, combined with BeyondTrust's trusted security, has the potential to reshape the cybersecurity landscape.
Founded in 2021 by two former members of Unit 8200 of the Israel Defense Forces, Entitle provides an innovative access management system that enables enterprises to manage user access to sensitive data in any cloud environment. This unique system leverages time-specific, on-demand conditions to enhance the ability to securely distribute client access.
As part of the acquisition, all 30 Entitle employees will remain, including CEO Ron Nissim. Mr. Nissim will play a key role in BeyondTrust's new Israeli R&D center.
Strengthening Cybersecurity Through BeyondTrust Acquisition
This integration process is expected to foster innovation and foster stronger customer relationships.
If successful, this merger could usher in a new era in the privileged access management (PAM) and identity security markets. A more comprehensive and sophisticated range of products and services is predicted to better meet customer needs. The excitement of both CEOs confirms their optimism about the merger.
BeyondTrust CEO Janine Seebeck believes this acquisition is essential to providing clients with a comprehensive defense system against all privilege-related threats. She emphasizes the importance of a coordinated, integrated approach to effectively protect customer access points. Incorporating Entitle's DeceptionGrid enhances your defensive capabilities and proactive defense efforts.
Cybersecurity is an evolving field, and BeyondTrust's acquisition of Entitle symbolizes the need for companies to stay ahead of the curve. This merger could lead to more thorough and comprehensive protections that address potential security loopholes, and points to a promising future for BeyondTrust, Entitle, and their global customers.
