Thycotic, a leader in Privileged Access Management (PAM) solutions for more than 12,500 companies worldwide, and Centrify, a leader in advanced solutions for privileged access management for more than half of the Fortune 100, announced today that the companies have announced their have completed previously completed solutions. announced the merger to become a leading provider of cloud identity security. The combined company has now started the integration and will operate under the temporary name ThycoticCentrify.

One of the fastest growing areas of cybersecurity, PAM is expected to double from $ 2.2 billion to $ 5.4 billion by 2025, according to KuppingerCole. Organizations are struggling to keep up with the complexities of protecting the ever-increasing number of privileged accounts that business needs have created to move more infrastructure and services to the cloud. This cloud-centric business transformation has opened up more opportunities for cyber attackers and increased the need for better control and compliance …

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