Contact: Scott Denne Garrett Bekker
Veritas Capital’s acquisition of BeyondTrust adds to a flurry of recent deals in the identity and access management (IAM) sector. The transactions continue to flow as CISOs become less reliant on perimeter defenses alone.
At $310m, Veritas is valuing BeyondTrust just a smidge over 3x trailing revenue, putting it below the multiple on Thoma Bravo’s purchase of SailPoint and above the 2.5x that Gemalto paid for SafeNet in its $890m acquisition of that company in August. Other recent deals in this sector include RSA’s pickup of Symplified’s assets and a pair of IAM purchases this summer by IBM.
In a December 2013 survey by TheInfoPro, a service of 451 Research, IAM was the most cited security-related spending priority for IT shops over the next 12 months. Given the increasing role of identity as a key security construct in both cloud and mobile computing architectures, we expect that identity-related technologies will remain fodder for future dealmaking.
Recent IAM transactions
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Source: The 451 M&A KnowledgeBase
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