I also wanted to note a couple of acquisitions.
Seattle cybersecurity company WatchGuard Technologies has acquired the threat analysis startup ActZero for an undisclosed amount, as announced this week. Founded in 1996, WatchGuard has a history of acquiring companies to enhance its security product offerings. ActZero, established in 2019 and based in San Francisco, specializes in managed detection and response security services. WatchGuard’s CEO, Prakash Panjwani, emphasized that this acquisition will boost the company’s capacity and technology, allowing it to expand its services. ActZero’s CEO, Sameer Bhalotra, will serve as an advisor to WatchGuard, while Hal Libby, co-founder of ActZero, will step into the role of general manager of security services in the merged entity.
1Password has acquired Trelica, a provider of software-as-a-service access management tools, marking the largest acquisition by revenue in the company’s 18-year history. While the deal’s financial details remain undisclosed, 1Password aims to enhance its Extended Access Management platform, designed to secure identities and manage access to applications and devices. Founded in 2018, Trelica offers tools for managing SaaS applications, including features for employee onboarding, identifying unmanaged applications, and optimizing spending. With the rise of shadow IT and SaaS sprawl heightening security risks, this acquisition aims to empower organizations to govern access better while improving employee productivity.
Why do we care?
The trend to be a platform continues. These are both platform expansion plays, and notably 1Password has made investments in expanding its channel and MSP business, as I highlighted with an interview with new Channel Chief Jason Eberhardt.