1Password made headlines on Monday with the announcement of its acquisition of software-as-a-service (SaaS) access management provider, Trelica. The terms of the deal were not disclosed, but 1Password revealed that it marks the largest acquisition in terms of company revenue in its 18-year history.

Known for its password management services, 1Password is looking to bolster its Extended Access Management offering through this acquisition. This platform aims to enhance security by managing access and permissions for applications and devices within organizations. Launched just last year, the Extended Access Management platform is designed to verify the trustworthiness of employee devices, identities, and apps before granting access to enterprise resources.

Trelica, a UK-based company founded in 2018, specializes in tools for managing and securing SaaS applications. These tools include features for employee onboarding and offboarding, identifying shadow IT deployments, optimizing spending related to SaaS, and access management. In today’s landscape where shadow IT and SaaS sprawl pose increased security risks, automated application discovery tools play a crucial role in identifying unmanaged apps, streamlining user provisioning, enforcing security policies, and managing access governance.

1Password CEO Jeff Shiner emphasized the unique value that Trelica brings to the table in a blog post announcing the acquisition. Shiner highlighted how Trelica addresses challenges that traditional solutions like single sign-on (SSO), mobile device management (MDM), and SaaS security posture management (SSPM) have not been able to solve. These challenges include user provisioning and de-provisioning, license optimization, monitoring permission changes, and adjusting access during role transitions. By prioritizing IT administrators’ most time-consuming tasks, Trelica aims to maintain a secure IT environment.

The integration of Trelica’s Shadow IT discovery capabilities into the 1Password Extended Access Management platform is expected to provide organizations with a structured framework for bringing unmanaged apps into compliance under IT and security management. This move will empower employees to leverage productivity-enhancing tools while ensuring full compliance within the organization.

Beyond 1Password, Trelica boasts over 300 SaaS integrations with various providers such as Adobe, Atlassian, Google, Salesforce, Microsoft, and Zoom, among others. These integrations offer a wide range of solutions to streamline operations, enhance productivity, and improve overall security within organizations.

In conclusion, the acquisition of Trelica by 1Password signifies a strategic move to enhance access management and security for organizations dealing with the complexities of managing SaaS applications. By leveraging Trelica’s expertise and solutions, 1Password aims to provide a comprehensive platform that addresses critical IT challenges and ensures a secure environment for users and enterprises alike.

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