SailPoint Buys Whitebox Security

SailPoint_Logo_E_RGB_2013SailPoint, which makes identity and access management software, Thursday announced it has reached an agreement to buy Whitebox Security, another software security company.

The financial terms of the deal were not disclosed.

Whitebox Security, which has more than 70 customers, makes software that identifies and protects sensitive data against hackers and other breaches. SailPoint plans to sell those products under its brand as SecurityIQ.

Whitebox Security, founded in 2007, and based in Sunnyvale, Calif., will join SailPoint.

“Managing access to unstructured data is a growing problem in the market due to disjointed access control models and limited oversight of data creation by end users,” according to SailPoint. “Many organizations struggle with understanding where sensitive data is stored, how it is secured and who has access to it. This creates new exposure points that put the organization at risk of loss of sensitive data, IP theft and even corporate espionage. In fact, the majority of data breaches over the last several years included theft of unstructured data.”

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