Pathlock Secures Announces Acquisition of CSI Tools and SAST SOLUTIONS Securing their Position as the Global Leader in Access Governance
May 2022 by Marc Jacob
Pathlock announced a merger with Appsian, the provider of ERP data security solutions, and Security Weaver, the provider of governance, risk and compliance management (GRCM) software for SAP. In addition to the mergers, the newly combined company, Pathlock, is announcing the acquisition of CSI Tools, a Belgium-based GRCM provider, and Germany-based SAST SOLUTIONS, a holistic solution provider for hardening SAP environments.
As a part of these transactions, Pathlock is also announcing a $200M capital raise led by Vertica Capital Partners. This investment will allow Pathlock to further expand its Application Governance and Data Security capabilities, successfully addressing the surge in demand for governance and protection of cloud and on-premise business applications, and the data within them. The company’s offerings are going deeper and wider than ever before by providing a single unified platform to implement, enforce, and manage GRC controls across enterprise applications.
The combined company is now servicing over 1,200 customers across all major industries and will double in size in terms of employees. Additionally, the new company brings with it a global reach and international customer presence with offices across the United States, Belgium, the UK, Germany, Israel and India.
Raymond James acted as the exclusive financial advisor to Appsian Security. KPMG Investment Banking (dba as KPMG Corporate Finance) acted as the exclusive investment banking advisor to Security Weaver. Hampleton Partners acted as the exclusive financial advisor to Akquinet Enterprise Solutions GmbH (SAST).