Pathlock Wins $200M in New Funding, Announces Merger and Acquisition

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Through this merger and acquisition, Pathlock has combined its channel partner organization.

path lock secured $200 million in new funding and merged with Appsian and Security Weaver. Additionally, it acquired CSI Tools and Sast Solutions.

Appsian provides enterprise resource planning (ERP) data security solutions. security weaver provides governance, risk and compliance management (GRCM) software for SAP. CSI Tools is a Belgium-based GRCM provider, and Germany-based Sast Solutions strengthens SAP environments.

Vertica Capital Partners led Pathlock’s funding round. This funding will allow Pathlock to further expand its application governance and data security capabilities.

The company’s offerings go further and further than ever before. It provides a single unified platform to implement, enforce and manage GRC controls in enterprise applications.

Expand Pathlock Partner Reach

Mike Johnson of Pathlock

Mike Johnson is Pathlock’s Senior Director of Partners and Alliances.

“Pathlock partners will continue to have access to the best solutions they have brought to market over the past 15 years,” he said. “The platform resulting from the vision to combine these solutions will allow them to extend their reach and provide a solution to protect applications, data and quantify risk for all major ERP, HR and relationship management tools. customer (CRM). Pathlock Global Partner Program features include a robust training and activation plan, an asset library, and a deal logging program that rewards partners for positioning our platform. Partners are very excited to be able to deliver business results while using our platform in addition to their own technical and consulting services capabilities. »

There is no other software vendor that can match “our depth and breadth,” Johnson said.

“Additionally, just as importantly, our partners will have the widest range of app support140+ line-of-business applications and a library of controls, literally thousands of controls, ready to deploy,” he said.

Protecting enterprise applications has never been more important

Protecting business applications, especially the transactions and data they host, has never been more important, Johnson said. However, it is still a largely manual process to test, prove, and enforce controls within these applications.

“We saw this opportunity to bring together cutting-edge technologies to create a single 360-degree view of business application risk, with an automated approach to managing that risk,” he said. “Sarbanes Oxley is 20 years old and continues to weigh on organizations. Relatively recent regulations such as the Internal Control of Financial Reporting (ICFR) and the General Data Protection Regulation (GDPR) are proof that internal controls are a key business activity and require purpose-built technology to help meet the needs.

Thanks to this merger-acquisition, path lock combined its channel partner organization, Johnson said. It brings together the best of each program into a single strategy to enable partners to maximize their return on investment.

“Pathlock will now have a strong network of over 100 resellers, SIs and referral partners,” he said.

The combined company now serves more than 1,200 customers across all major industries. In addition, the new company brings with it a global reach and an international presence with customers. It has offices in the United States, Belgium, United Kingdom, Germany, Israel and India.

Philip Vorobeychik is Managing Director of Vertica Capital Partners.

“We are excited to see these major industry players come together to create a global leader in application governance, risk and compliance,” he said. “The merged company, path lockwill now offer the most robust library of product controls for business applications on the market today,”

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