BeyondTrust acquiring permissions management startup Entitle for $100-150 million
BeyondTrust acquiring permissions management startup Entitle for $100-150 million
The Israeli startup, which raised a $15 million Seed round last February, has developed a privilege management solution that discovers, manages, and automates just-in-time (JIT) access and modern identity governance and administration (IGA) across the entire cloud estate
American cybersecurity company BeyondTrust, which develops intelligent identity and access security solutions, announced on Tuesday the acquisition of Israeli startup Entitle in a cash and stock deal. The value of the deal was not disclosed, but is estimated to be in the region of $100-150 million.
Founded in 2021 by two former members of the Israel Defense Force’s renowned Unit 8200, CEO Ron Nissim and CTO Avi Zetser, Entitle has developed a privilege management solution that discovers, manages, and automates just-in-time (JIT) access and modern identity governance and administration (IGA) across the entire cloud estate. These capabilities enhance a customer’s ability to provision user access to sensitive data and cloud resources on a time-bounded and “as-needed” basis.
The company raised a $15 million Seed round led by Glilot Capital Partners last February. Other investors included Today Ventures, founded by Shay Michel and private investors, including Ariel Maislos, Yinon Costica, co-founder of Wiz, Gil Shklarski and Amit Avner of Operator Partners, Epsagon (acquired by Cisco) co-founders Nitzan Shapira and Ran Ribenzaft, Gil Azrielant, co-founder of Axis Security, and Kmehin VC, which includes a group of 15 security experts.
Nissim will lead BeyondTrust’s new Israel R&D center, with all 30 Entitle employees to retain their roles and receive improved conditions.
"Entitle’s JIT Access and Cloud Permissions Management solution is an emerging leader in the Identity Security market," said Ron Nissim, CEO of Entitle. "This acquisition allows Entitle to continue to grow through BeyondTrust’s years of expertise and dominance in the PAM market - offering significant opportunities for Entitle’s team."
"The BeyondTrust acquisition of Entitle signifies a crucial evolution in our fight to ensure customers can protect all paths to privileges, focusing on identity-first security across all IT environments," said Janine Seebeck, CEO of BeyondTrust. "Adopting a unified, orchestrated approach that incorporates dynamic, just-in-time access is critical for safeguarding our customers' ever-changing paths to privilege. This strategy not only reduces operational friction but also enhances the security of the entire identity infrastructure more effectively."
