BeyondTrust

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BeyondTrust
Private
IndustryEnterprise Security
Identity Management and Access Control, Vulnerability Management, Compliance Reporting
Founded1985
HeadquartersAtlanta, Georgia, USA
Key people
Matt Dircks, CEO
Janine Seebeck, Chief Financial Officer
Chris Jones, Chief Revenue Officer
Morey Haber, Chief Technology Officer
Dan Derosa, Chief Product Officer
Dave Giles, Chief Customer Success Officer
Liz Shulof, Chief Marketing Officer
ProductsPrivileged and Identity Management
Vulnerability Management
Secure Remote Access
OwnerPrivately held
Number of employees
500-1000
Websitehttp://beyondtrust.com/

BeyondTrust (formerly Symark) is an American company that develops, markets, and supports a family of privileged identity management (PAM), privileged remote access, and vulnerability management products for UNIX, Linux, Windows and Mac OS operating systems.

BeyondTrust was founded in 2006 and provided Least Privilege Management software for the Microsoft Windows OS, before UNIX vendor Symark acquired BeyondTrust in 2009.[1][2] In 2018, the company was acquired by Bomgar, a developer of remote support and PAM software.[3] In both cases, BeyondTrust was adopted as the new company name.[4][5]

History[edit]

Symark[edit]

Symark was founded in 1985 as a VAX/VMS utility software company in Los Angeles' San Fernando Valley. Its name is derived from the initials of its founders, Bob Sommers and Doug Yarrow. Symark was also a client-server computing vendor, before later acquiring a license for the UNIX security product UPM (now owned by Quest Software)[6] and rebranding their version PowerBroker.[7][8] Symark relocated to Westlake Village, California, then again to Agoura Hills.

The company was focused on identity, access, and password management for privileged users on UNIX[9] systems. From 2003—2008 the company expanded in Spain, Portugal, Japan and Latin America. During the same time period they also grew almost 300 percent and were one of the fastest growing private companies in the L.A. area.

The original BeyondTrust[edit]

In 2003, AutoProf introduced the AutoProf Policy maker, which was the first commercial product[10] to build upon Microsoft's built-in Group Policy Objects to make common tasks like mapping network drives or sharing printer connections easier. In 2005, AutoProf grew 90% in revenue over the previous year[11] and changed the company name to DesktopStandard.[12] Four million desktops were under management of DesktopStandard's software across 3,500 customers. Between 2003—2005, DesktopStandard added six products to their portfolio for RBAC, password management, and identity access management on Windows.

Acquisitions[edit]

2009: Symark acquired the Windows-based business of BeyondTrust in 2009 for approximately $20 million[13] and they adopted BeyondTrust as the new company name.[14]

2011: BeyondTrust acquired software from Likewise Software. The acquisition expanded its portfolio of "inside perimeter" security capabilities for Windows and Unix-based systems to include authentication and auditing management for cross-platform and cloud environments.[15]

May 2012: BeyondTrust Acquired Vulnerability Management Pioneer eEye Digital Security.[16]

December 2012: BeyondTrust Acquired Blackbird Group.[17]

September 2014: Veritas Capital acquires BeyondTrust for $310 million.[18]

October 2018: Bomgar acquires BeyondTrust from Veritas.[19][20]

References[edit]

  1. ^ By Steve Ragan, The Tech Herald. "Symark and BeyondTrust – best acquisition ever. September 14, 2009."
  2. ^ By Doug Barney, Redmond Magazine. "Desktop Standard Bought by Microsoft -- Mostly. " October 3, 2006. Retrieved on August 28, 2009.
  3. ^ By Andrew Ross, InformationAge. "Bomgar completes acquisition of BeyondTrust. " October 4, 2018.
  4. ^ By Sean Michael Kerner, eWeek. "Bomgar to Be Renamed BeyondTrust After Acquisition of PAM Vendor. " September 13, 2018.
  5. ^ By Tim Wilson, Dark Reading. "Symark Buys BeyondTrust, Takes BeyondTrust Name. " September 14, 2009.
  6. ^ "PassGo Will Bring Quest Greater Multiplatform Capabilities". www.gartner.com. Retrieved 2017-12-19.
  7. ^ Jeff, Parker. "BeyondTrust PowerBroker Active Directory Tools for PCI/SOX/HIPAA Compliance". ITTSystems.com.
  8. ^ By Alex Woodie, The Linux Beacon. "Symark Tackles Tough Access Control Problems Archived January 9, 2009, at the Wayback Machine. " April 2, 2008.
  9. ^ "Unix Privileged Identity & Access Management". 2016.
  10. ^ Tulloch, Mitch. "Windows Server Hacks: AutoProf Policy Maker". WindowsDevCenter. O'Reilly. Retrieved 31 January 2018.
  11. ^ Press Release. "AutoProf Announces Record Year Revenue Growth. " January 12, 2005. Retrieved on August 28, 2009
  12. ^ Press Release. "Article: AutoProf Announces Name Change and Releases Group Policy Security Product; DesktopStandard Corporation Provides Application-Level Security Product to Satisfy Regulatory Compliance Needs[dead link]. " January 26, 2005. Retrieved on August 28, 2009.
  13. ^ "Archived copy". Archived from the original on 2011-06-07. Retrieved 2010-01-07.CS1 maint: Archived copy as title (link)
  14. ^ By Jackie Noblett, Mass High Tech. "BeyondTrust acquired by Symark Archived 2009-09-22 at the Wayback Machine. September 14, 2009
  15. ^ http://www.networkcomputing.com/wan-security/beyondtrust-acquires-assets-of-likewise/231001292
  16. ^ https://www.reuters.com/article/2012/05/10/idUS166340+10-May-2012+BW20120510
  17. ^ http://www.cmswire.com/cms/information-management/beyondtrust-acquires-blackbird-group-improves-enterprise-security-018713.php
  18. ^ https://www.zdnet.com/article/veritas-capital-snaps-up-security-firm-beyondtrust-for-310-million/
  19. ^ http://www.eweek.com/security/bomgar-to-be-renamed-beyondtrust-after-acquisition-of-pam-vendor
  20. ^ https://www.pehub.com/2018/09/veritas-to-sell-beyondtrust-to-bomgar/