MARKET MOVEMENT
Delinea announces agreement to acquire Fastpath for its identity governance
Delinea , a provider of solutions that seamlessly extend Privileged Access Management , announced a definitive agreement to acquire Fastpath , a leader in Identity Governance and Administration and identity access rights . This strategic move follows Delinea ’ s recent acquisition of Authomize and marks a significant expansion in Delinea ’ s capabilities to enhance privileged access , controls , and governance , reducing organisational cybersecurity risk and ensuring compliance . By incorporating Fastpath ’ s expertise , Delinea is poised to offer a robust , AI-driven authorisation security platform making Delinea the definitive source for managing authorisation across infrastructure , applications , and data , providing unmatched insights and control over user access and privileges .
“ This strategic acquisition by Delinea heralds a new era in identity security , establishing pioneering standards for Privileged Access Management in an increasingly digital and interconnected world , where cybersecurity challenges are constantly evolving ,” said Art Gilliland , CEO of Delinea .
In today ’ s landscape , dominated by Infrastructure-as-a-Service and SaaS applications , organisations face a growing attack surface and challenges in managing data and identity sprawl . The combination of Fastpath with Delinea is timely , addressing these challenges head-on . It equips Chief Information Security Officers , CISOs and their teams with advanced tools for managing the complex interactions between privileged users and corporate data .
“ The challenge that CISOs are struggling with is that identities are increasingly decentralised , but that leaves a lot of open gaps for authorisation ,” said Martin Kuppinger , founder and Principal Analyst at KuppingerCole .
“ Authorisation and policy models need to be managed and more centralised , especially as privileged users are not limited to traditional admins but expand to line of business users . Solving the challenge of centralising , orchestrating , and automating authorisation is critical to effectively reduce risk and mitigate threats in decentralised environments spanning all identities .”
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HR and fintech platform , RemotePass secures $ 5.5 Million in Series A funding led by 212vc
RemotePass , an HR and Fintech platform that helps companies onboard , manage , pay , and retain remote workers , has secured $ 5.5 million in Series A funding .
The oversubscribed round was led by 212 VC with participation from investors in the US , Europe , and the Middle East , including Endeavor Catalyst , Khwarizmi Ventures , Oraseya Capital , Flyer One Ventures , Access Bridge Ventures , A15 , and Swiss Founders Fund . With this funding , RemotePass ’ s total capital raised surpasses $ 10 million , adding to previous investments from BECO Capital , Wamda Capital , Plug & Play , and Flat6Labs .
Founded by Kamal Reggad and Karim Nadi , RemotePass serves a diverse range of clients , from startups to largelisted enterprises like Spotify , Logitech , Paymentology , and others around the globe , enabling them to onboard , manage , and pay their talent base in countries where they do not have a local legal presence . Its clients can hire full-time employees and contractors in over 150 countries .
In the evolving global landscape of remote work solutions , RemotePass has emerged as a frontrunner by capitalising on its deep understanding of emerging markets , especially the Middle East and Africa and offering a comprehensive suite of benefits through its innovative super app .
This app offers easy access to a range of financial services and benefits tailored to the needs of remote workers in the global marketplace , including multiple payout options , a USD debit card , and easy access to benefits like premium health insurance . Apart from an end-to-end contractor management platform , RemotePass provides businesses with EoR services and relocation support .
“ Our platform helps democratise access to global opportunities , levelling
Kamal Reggad
Karim Nadi
the playing field for skilled individuals and enabling them to compete in a global job marketplace . This funding fuels our mission to empower countless lives and help global teams succeed .” Kamal Reggad , CEO and Co- Founder , RemotePass . •
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