BeyondTrust

BeyondTrust
Private
Industry Enterprise Security
Identity Management and Access Control, Vulnerability Management, Compliance Reporting
Founded 1985
Headquarters Phoenix, Arizona, USA
Key people
 Kevin Hickey, President and CEO
Bryce Hancock, Chief Financial Officer
Brad Hibbert, Chief Technology Officer
Products Privileged and Identity Management
Vulnerability Management
Owner Privately held
Number of employees
 201-500
Website http://beyondtrust.com/

BeyondTrust (formerly Symark) is an American company that develops, markets, and supports a family of privileged identity management and vulnerability management products for UNIX, Linux, Windows and Mac OS operating systems.

BeyondTrust was founded in 2006 and provided Least Privilege Management software for the Microsoft Windows OS, before UNIX vendor Symark acquired BeyondTrust in 2009 and adopted BeyondTrust as the new company name.[1][2][3]

History

Symark

Symark was founded in 1985 as a VAX/VMS utility software company in Los Angeles' San Fernando Valley. Its name is derived from the initials of its founders, Bob Sommers and Doug Yarrow. Symark was also a client-server computing vendor, before later acquiring a license for the UNIX security product UPM (now owned by Quest Software)[4] and rebranding their version PowerBroker.[5][6] Symark relocated to Westlake Village, California, then again to Agoura Hills.

The company was focused on identity, access, and password management for privileged users on UNIX[7] systems. From 2003—2008 the company expanded in Spain, Portugal, Japan and Latin America. During the same time period they also grew almost 300 percent and were one of the fastest growing private companies in the L.A. area.

The original BeyondTrust

In 2003, AutoProf introduced the AutoProf Policy maker, which was the first commercial product[8] to build upon Microsoft's built-in Group Policy Objects to make common tasks like mapping network drives or sharing printer connections easier. In 2005, AutoProf grew 90% in revenue over the previous year[9] and changed the company name to DesktopStandard.[10] Four million desktops were under management of DesktopStandard's software across 3,500 customers. Between 2003—2005, DesktopStandard added six products to their portfolio for RBAC, password management, and identity access management on Windows.

Acquisitions

2009: Symark acquired the Windows-based business of BeyondTrust in 2009 for approximately $20 million[11] and they adopted BeyondTrust as the new company name.[12]

2011: BeyondTrust acquired software from Likewise Software. The acquisition expanded its portfolio of "inside perimeter" security capabilities for Windows and Unix-based systems to include authentication and auditing management for cross-platform and cloud environments.[13]

May 2012: BeyondTrust Acquired Vulnerability Management Pioneer eEye Digital Security.[14]

December 2012: BeyondTrust Acquired Blackbird Group.[15]

September 2014: Veritas Capital acquires BeyondTrust for $310 million.[16]

October 2018: Bomgar acquires BeyondTrust from Veritas.[17][18]

References

  1. ↑ By Tim Wilson, Dark Reading. "Symark Buys BeyondTrust, Takes BeyondTrust Name. " September 14, 2009.
  2. ↑ By Steve Ragan, The Tech Herald. "Symark and BeyondTrust – best acquisition ever. September 14, 2009."
  3. ↑ By Doug Barney, Redmond Magazine. "Desktop Standard Bought by Microsoft -- Mostly. " October 3, 2006. Retrieved on August 28, 2009.
  4. ↑ "PassGo Will Bring Quest Greater Multiplatform Capabilities". www.gartner.com. Retrieved 2017-12-19.
  5. ↑ Jeff, Parker. "BeyondTrust PowerBroker Active Directory Tools for PCI/SOX/HIPAA Compliance". ITTSystems.com.
  6. ↑ By Alex Woodie, The Linux Beacon. "Symark Tackles Tough Access Control Problems Archived January 9, 2009, at the Wayback Machine.. " April 2, 2008.
  7. ↑ "Unix Privileged Identity & Access Management". 2016.
  8. ↑ Tulloch, Mitch. "Windows Server Hacks: AutoProf Policy Maker". WindowsDevCenter. O'Reilly. Retrieved 31 January 2018.
  9. ↑ Press Release. "AutoProf Announces Record Year Revenue Growth. " January 12, 2005. Retrieved on August 28, 2009
  10. ↑ Press Release. "Article: AutoProf Announces Name Change and Releases Group Policy Security Product; DesktopStandard Corporation Provides Application-Level Security Product to Satisfy Regulatory Compliance Needs. " January 26, 2005. Retrieved on August 28, 2009.
  11. ↑ "Archived copy". Archived from the original on 2011-06-07. Retrieved 2010-01-07.
  12. ↑ By Jackie Noblett, Mass High Tech. "BeyondTrust acquired by Symark. September 14, 2009
  13. ↑ http://www.networkcomputing.com/wan-security/beyondtrust-acquires-assets-of-likewise/231001292
  14. ↑ https://www.reuters.com/article/2012/05/10/idUS166340+10-May-2012+BW20120510
  15. ↑ http://www.cmswire.com/cms/information-management/beyondtrust-acquires-blackbird-group-improves-enterprise-security-018713.php
  16. ↑ https://www.zdnet.com/article/veritas-capital-snaps-up-security-firm-beyondtrust-for-310-million/
  17. ↑ http://www.eweek.com/security/bomgar-to-be-renamed-beyondtrust-after-acquisition-of-pam-vendor
  18. ↑ https://www.pehub.com/2018/09/veritas-to-sell-beyondtrust-to-bomgar/
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