IRVINE, CA – MATESO’s password management solution secures access to corporate team and personal passwords from any location.
Netwrix, a cybersecurity vendor that makes data security easy, today announced the acquisition of MATESO, a software manufacturer based in Germany that develops, sells and supports a product that enables customers to reduce the risk of a data breach by securing access to employee credentials.
With this acquisition, Netwrix deepens its expertise in password management and strengthens its position in the identity and access management (IAM) market. Netwrix also enhances its technical capabilities in the Protect function of the NIST Cybersecurity Framework. Terms of the transaction were not disclosed.
Netwrix already has a next-generation privileged access management (PAM) solution — Netwrix SbPAM — that covers privileged accounts. MATESO’s password management application complements it by securing all other credentials while minimizing employee cybersecurity fatigue. The application offers password expiration dates, custom approval workflows, fully automated credential rotation for service accounts and more.
At the same time, MATESO customers will be able to use Netwrix products to ensure protection across not just user identities, but all three primary attack surfaces: data, identities, and infrastructure. In particular, knowing exactly which data is sensitive will help MATESO customers make more informed decisions about how to protect what really matters, and spotting suspicious activity around that data will help them respond effectively to threats.
“We are excited to further strengthen our offering in identity and access management: Netwrix USERCUBE provides identity governance and administration, MATESO’s password management product secures access to those identities, and Netwrix SbPAM ensures that identities are granted privileges only when they are needed. We are delighted to add the MATESO product to the Netwrix portfolio and look forward to combining our teams’ expertise.” – Steve Dickson, CEO of Netwrix.
“According to the Ponemon Institute, account compromise was the most common initial attack vector in 2021, responsible for 20% of breaches. Uniting MATESO’s application with the Netwrix product portfolio addresses this threat to ensure our customers’ data is more secure tomorrow than it is today.” – Sascha Martens, CTO of MATESO.
Learn more about this password management tool by visiting the MATESO website.