Privileged access management firm ThycoticCentrify has ditched its goofy moniker, as owner TPG Capital renamed it today Delinea Inc.
ThycoticCentrify dates back to the merger of Thycotic Software Ltd. and Centrify Corp. in April. Thycotic and Centrify were acquired by TPG in March — Thycotic from Insight Partners and Centrify from Thomas Bravo.
Delinea’s new brand identity is expected to underscore the combined company’s significant progress and a renewed commitment to delivering comprehensive, cloud-ready solutions that put privileged access at the center of cybersecurity.
Delinea is on a mission to provide security invisible to the user while simultaneously providing IT and security teams with the control they need. According to Delinea, access limits are easily set to help customers reduce risk, ensure compliance and streamline security.
The company says that as organizations continue their digital transformations, they face increasingly sophisticated environments and tougher demands to secure an expansive threat landscape. Legacy access management solutions aren’t designed for today’s hybrid environments, are too complex, and can’t solve today’s privilege management issues, according to Delinea.
Delinea’s solutions are designed to grant access to an organization’s most critical data, devices, code and cloud infrastructure using a centralized dashboard. Users get access when and where they need it, for as long as needed to complete the task.
“A year ago, in partnership with the Thycotic and Centrify teams, we set out to build a dynamic identity security platform that offers one of the most comprehensive product suites on the market,” said Tim Millikin, partner at TPG Capital. “Today’s brand launch marks the next exciting step in this journey. Delinea introduces the next generation of cloud-based privileged access, specifically designed for enterprises operating in today’s ever-changing, edgeless, hybrid world.
Notable Delinea customers include BAE Systems plc, Honda Motor Co., Cisco Systems Inc., US Department of Agriculture, ESPN Inc., BankUnited Inc., HubSpot Inc. and BP plc.
