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1Password Acquires Kolide, Combining Leading Identity Platform with Contextual Access Management to Secure the Modern Workforce

Feb 20, 2024over 1 year ago

Acquiring Company

1Password

Acquired Company

Kolide

TorontoSomervilleSecuritySoftware Development

Description

1Password, the provider of the most-used enterprise password manager, has announced the acquisition of Kolide, a leader in device health and contextual access management. This acquisition aims to combine leading identity platform with contextual access management to secure the modern workforce, providing businesses with transformative and intuitive new security solutions in response to the rising security challenges of the modern workforce that now works from anywhere and on any device.

Company Information

Company

1Password

Location

4711 YONGE ST.

Toronto, Ontario, Canada

About

1Password offers identity security and access management solutions built for the way people work and live today. 1Password is on a mission to eliminate the conflict between security and productivity while securing every sign-in for every app on every device. As the provider of the most-used enterprise password manager, 1Password continues to innovate on its strong foundation to offer security solutions relied upon by companies of all sizes, including Associated Press, Aldo Group, Canva, IBM, Intercom, Mediacom Communications, Octopus Energy, Slack, Salesforce, Under Armour, and Wish.

FundzWatch™ Score

61
High M&A Activity

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed