Fried Frank acted as counsel to Francisco Partners, through its portfolio company, Bomgar Corporation, in its acquisition of UK-based Avecto Limited
Bomgar, a leader in identity and access management solutions for privileged users, acquired Avecto, a global leader in endpoint privilege management. Avecto’s Defendpoint technology combines privilege management and application control, making it easy to protect thousands of endpoints by making admin rights removal simple and scalable. Pairing Avecto with Bomgar’s privileged account and session management technology will enable businesses to fully implement the principle of least privilege and defend themselves against today’s most prevalent threats.
Forrester estimates that 80% of security breaches involve privileged credentials. Privileged accounts are coveted targets for attackers and must be protected from both internal and external threats. Bomgar’s solutions protect privileged accounts, passwords, and credentials, while securing the remote access pathways commonly exploited in these attacks. Avecto’s technology adds another layer of defense at the endpoint by allowing organizations to remove excess admin rights, only elevating privileges for approved applications and actions.
The addition of Avecto will also help the thousands of IT admins and support professionals using Bomgar’s Remote Support solutions to securely manage privileged access to desktops and workstations with minimal user interruption.
The Fried Frank team was led by corporate partner Dan Oates (Picture) and included corporate associate Matthew Martindale.
Law Firms: Fried Frank Harris Shriver & Jacobson;
Clients: Francisco Partners;