New York, NY — May 2022 — Pathlock, a leading provider of application access governance and compliance software, today announced a landmark transaction combining three category leaders — Pathlock, Appsian, and Security Weaver — into a unified platform. The transaction is backed by $200 million in new capital to fund the combination and accelerate growth.
Creating the Definitive Application Access Governance Platform
The three-way merger brings together complementary capabilities that, when combined, create the most comprehensive application access governance and compliance platform available for enterprise ERP environments:
- Pathlock provides continuous compliance monitoring and dynamic access controls for SAP, Oracle, and other business-critical applications.
- Appsian specializes in data security and adaptive authentication for SAP and Oracle ERP systems, providing granular field-level controls and real-time threat detection.
- Security Weaver brings deep expertise in SAP access risk analysis, role design, and segregation of duties (SoD) management, trusted by many of the largest SAP environments in the world.
Together, the combined Pathlock platform can address the full spectrum of application access governance needs — from role design and access provisioning through continuous monitoring and automated compliance — across all major ERP environments.
Meeting a Critical Enterprise Need
As organizations navigate complex regulatory landscapes including SOX, GDPR, and industry-specific compliance frameworks, the need for automated, continuous governance over who can access what data and what transactions they can execute has become acute. Manual, spreadsheet-based approaches to access governance are no longer sufficient for the scale and complexity of modern enterprise environments.
Pathlock’s unified platform addresses this need by automating access risk analysis, enforcing segregation of duties policies, and providing continuous monitoring with real-time alerting — reducing audit costs, minimizing compliance risk, and improving operational efficiency.
“This combination brings together the best teams, the best technology, and the deepest domain expertise in application access governance. The result is a platform that can serve the most complex enterprise environments in the world while making governance simpler and more automated for every customer.” — Vitaly Vorobeychik, Managing Director and Co-Founder
About Pathlock
Pathlock is the leading provider of application access governance and compliance software for enterprise ERP environments. The platform provides continuous compliance monitoring, access risk analysis, dynamic access controls, and automated audit support. Pathlock is backed by Vertica Capital Partners.
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.