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New Deal


Announced

Completed

Vertica-backed Pathlock completed the merger with Appsian and Security Weaver.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Merger

Software

ERP data security

data governance software

data security

United States

Domestic

compliance software

Acquisition

Majority

Completed

Private

Friendly

Single Bidder

Synopsis

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Vertica-backed Pathlock, a provider of access governance solutions for business applications, completed the merger with Appsian, a provider of ERP data security solutions, and Security Weaver, a provider of governance, risk and compliance management software for SAP. Financial terms were not disclosed. "Traditionally, organizations are auditing the controls for their applications and data with a patchwork of manual processes, disparate software tools, and consulting and services organizations. The combined company from this series of mergers and acquisitions creates a first-of-its-kind, unified, 360-degree platform. Now, organizations can automate their controls across their business applications and mitigate risk in real-time. It is a simplified way for enterprises to protect their data in the face of digital transformation and the cloud era. I am honored to be leading the charge on this endeavor," Piyush Pandey, Appsian former CEO and Pathlock new CEO.

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