1Password buys British cloud-based access management provider
Canadian-based password management company 1Password has bought Trelica, a U.K. headquartered software as a service (SaaS) access management provider, to expand its offerings.
The companies said Tuesday the acquisition will accelerate the delivery of new capabilities in the 1Password Extended Access Management platform. Security teams will be able to discover and manage access to previously unknown and unmanaged apps, they said.
“Trelica’s technology and approach align perfectly with our mission to unleash employee productivity without compromising security,” Jeff Shiner, co-CEO of 1Password, said in a statement “The acquisition of Trelica accelerates our path to delivering the full potential of our Extended Access Management platform, which ensures that employees’ devices, identities, and apps are trusted before access is granted—all without increasing complexity or IT overhead.”
SaaS sprawl and shadow IT increase the risk of security breaches, 1Password argues, leaving organizations vulnerable to unmanaged apps and unauthorized access. The company cites an internal study claiming one in three employees use unapproved apps and tools to boost productivity.
And, it argues, as shadow IT has become the norm, 70 per cent of security pros don’t feel their security protections are adequate. Trelica’s technology addresses these risks, 1Password says, with over 300 direct integrations with leading SaaS vendors, automating app discovery and access management to help organizations identify unmanaged apps across the organization, streamline user provisioning, de-provisioning, and access governance, and enhance adherence to security policies through user-friendly workflows integrated with platforms like Slack and email.
“Joining 1Password opens up incredible possibilities to address the critical security challenges organizations face,” Iain McGhee, co-founder of Trelica, said in a statement. “We’re excited to join 1Password in the mission to secure the modern workforce by enabling employees to safely use the apps they need, while empowering security teams with the visibility, automated onboarding and offboarding, and access governance and controls required to protect their organization.”
No acquisition terms were included in the statement.
1Password says it has over 150,000 business customers including Associated Press, Aldo Group, Canva, IBM, Intercom, Mediacom Communications, Octopus Energy, Slack, Salesforce, Under Armour, and Wish.
Products include Enterprise Password Manager, Extended Access Management and Passage, a passwordless login solution using passkeys. There’s also a personal password manager.
Extended Access Management was launched last May, saying it fills gaps between identity and access management (IAM) and mobile device management. The company says it extends single sign-on (SSO) to every application and website to reduce risk and secure every authentication, applies policies to block access to apps on unhealthy devices and guide end users through self-remediation to regain access quickly and securely stores and shares credentials and sensitive information in the password manager.