Announced
Financials
Sources
Tags
compliance solutions
Majority
Software
Friendly
Single Bidder
Germany
SAP security
Belgium
Pending
Private
GRCM provider
Acquisition
ERP data security
Cross Border
Private Equity
Synopsis
Vertica-backed Pathlock, a provider of access governance solutions for business applications, agreed to acquire CSI tools, a GRCM provider and SAST, a holistic solution provider for hardening SAP environments. 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, Pathlock CEO.
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