SecureAuth, an identity and access management (IAM) solutions provider, has acquired continuous authentication and passwordless platform company Acceptto. Financial terms of the deal were not disclosed.
This is technology M&A deal number 700 that MSSP Alert and sister site ChannelE2E have covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.
In a prepared statement about this deal, SecureAuth CEO Ravi Khatod said:
“With this new AI-based identity assurance technology from Acceptto, we can expand the SecureAuth Identity Platform to provide a Zero-Trust security model for virtually every situation, simple or complex.”
Accepto Business BackGround
Acceptto has 36 employees listed on LinkedIn. The company is headquartered in Portland, Oregon, with satellite offices in Lisbon, Portugal, and Vancouver, Canada.
Acceptto delivers cloud AI-powered multifactor authentication (MFA) and passwordless solutions that feature real-time threat analytics. Partners and customers can use Acceptto to monitor user behavior, transactions and application activity. They can then create user profiles and verify if access attempts are legitimate or threats.
Acceptto offers a partner program that enables MSSPs and MSPs to incorporate its continuous authentication platform into their portfolios. It also provides a user authentication API that allows partners to develop and launch Accepto integrations.
SecureAuth Business Background
Meanwhile, SecureAuth helps organizations manage and protect access to applications, systems and data. SecureAuth offers a partner program that provides MSSPs and MSPs with tools and resources to help them leverage its IAM solutions to extend their cybersecurity market reach.
SecureAuth has M&A experience. The company merged with Core Security in 2017. That deal included a $200 million cash infusion shepherded by private equity firm K1 Investment Management with participation from existing SecureAuth investor Toba Capital.
After the Core Security deal, SecureAuth employed 360 people and worked with more than 1,600 customers, resulting in an annual run rate north of $95 million. We don't know current revenue or headcount figures.