New York, NY — March 2021 — Pathlock (formerly Greenlight Technologies), a leading provider of application access governance software for enterprise ERP environments, today announced a $20 million strategic growth investment from Vertica Capital Partners and a rebrand from Greenlight Technologies to Pathlock.
The investment will fund the company’s product expansion, go-to-market acceleration, and strategic acquisitions as it works to become the definitive platform for application access governance and compliance.
A New Identity for a Growing Mission
The rebrand from Greenlight Technologies to Pathlock reflects the company’s evolving product vision and expanding market scope. While Greenlight was known primarily for SAP access risk analysis and compliance, the Pathlock brand encompasses a broader vision: a unified platform that governs application access, enforces compliance policies, and provides continuous monitoring across all major enterprise applications.
The name Pathlock represents the concept of securing the pathways through which users access sensitive applications and data — ensuring the right people have the right access, and that access is continuously monitored for risk.
Addressing a Growing Market Need
Enterprise organizations face increasing pressure from auditors, regulators, and board members to demonstrate control over who can access what within their business-critical applications. Traditional approaches to access governance — periodic manual reviews, spreadsheet-based analysis, and disconnected point tools — are proving inadequate for the complexity of modern ERP environments.
Pathlock’s platform automates the process of analyzing access risk, enforcing segregation of duties policies, provisioning and de-provisioning access, and generating audit-ready compliance reports. The result is reduced audit costs, lower compliance risk, and faster response to access-related issues.
A Platform for Growth
The investment from Vertica Capital Partners will support Pathlock’s growth across multiple dimensions. The company plans to expand its product capabilities through both internal development and strategic acquisitions, build out its sales and marketing organization, and deepen its partnerships with ERP vendors, system integrators, and audit firms.
“Pathlock is solving one of the most important and underserved problems in enterprise software: governing who can access what within business-critical applications. The market opportunity is enormous, and the team has built a platform that is uniquely positioned to lead this category. We’re excited to support their growth.” — Vitaly Vorobeychik, Managing Director and Co-Founder
About Pathlock
Pathlock (formerly Greenlight Technologies) is a leading provider of application access governance software for enterprise ERP environments. The platform provides access risk analysis, segregation of duties enforcement, continuous compliance monitoring, and automated audit support.
About Vertica Capital Partners
Vertica Capital Partners is a growth equity firm focused exclusively on mission-critical vertical software and tech-enabled service businesses. For more information, visit www.verticacp.com.