Pathlock, a NYC-based provider of access governance solutions for business applications, raised $200M in funding.
The capital raise was led by Vertica Capital Partners.
The company also announced a merger with Appsian, a provider of ERP data security solutions, and Security Weaver, a provider of governance, risk and compliance management (GRCM) software for SAP. In addition to the mergers, the newly combined company, Pathlock, is announcing the acquisition of CSI Tools, a Belgium-based GRCM provider, and Germany-based Sast Solutions, a holistic solution provider for hardening SAP environments.
Pathlock intends to use the funds to to further expand its Application Governance and Data Security capabilities, addressing the surge in demand for governance and protection of cloud and on-premise business applications, and the data within them.
Led by Piyush Pandey, former CEO of Appsian and new CEO of Pathlock, the combined company is now servicing over 1,200 customers across all major industries and will double in size in terms of employees. Additionally, the new company brings with it a global reach and international customer presence with offices across the United States, Belgium, the UK, Germany, Israel and India.
FinSMEs
23/05/2022