IT companies big ServiceNow introduced on Tuesday that it has agreed to accumulate id safety firm Veza Safety.
The Info final week reported [paywalled article] that ServiceNow had been in superior talks to purchase Veza for greater than $1 billion.
Contacted by SecurityWeek, ServiceNow representatives stated they’re unable to reveal the phrases of the contract.
Nevertheless, the shortage of an outright denial suggests the reported determine could also be correct. That is additionally supported by the truth that earlier this 12 months Veza Safety raised $108 million in a Sequence D funding spherical that introduced its valuation to $808 million.
Veza emerged from stealth in 2022 and raised a complete of $235 million.
The startup has developed an id safety platform that gives non-human id administration, SaaS entry safety, id safety posture administration, privileged entry monitoring, information system entry, governance and administration, and cloud entry administration capabilities.
The platform is powered by a proprietary Entry Graph that may map and analyze entry relationships throughout human, machine, and AI identities.
ServiceNow stated the acquisition of Veza will allow it to increase the capabilities of its safety and threat portfolios, strengthening id and entry controls throughout functions, information, cloud, and AI brokers.Commercial. Scroll to proceed studying.
Particularly, Veza “enhances the ServiceNow AI Management Tower by governing what AI brokers can entry and do throughout enterprises,” ServiceNow defined.
SecurityWeek’s M&A tracker has cataloged roughly 400 cybersecurity-related offers introduced to this point this 12 months.
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