#15: Thycotic, Centrify Merge

One of the hottest sectors in cybersecurity is privileged access management (PAM), and one merger this year threatened to shake it to its core.

Thycotic and Centrify coming together could shake up the PAM market, according to Omdia analyst Rik Turner. (Omdia and Channel Futures share a parent company, Informa.)

“This acquisition looks to me to be a move by TPG Capital, (parent company of Thycotic and Centrify) to create a more serious challenger to CyberArk,” Turner said. “Centrify has certainly been an innovator with its more cloud-first approach rather than starting life on customers’ premises. Thycotic’s approach might be summed up as … a kind of ‘good enough’ PAM product that is designed to meet the needs of a significant part of the market.”