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Simeio Announces Strategic Acquisition Of Identity And Access Management Firm Pathmaker Group

Jan 10, 2023•almost 3 years ago

Acquiring Company

Simeio

Acquired Company

Authomize

AlpharettaAlpharettaSecurityInformation TechnologySoftwareComputer and Network Security

Description

Simeio, the leading provider of specialized identity and access management (IAM) services in the cybersecurity industry, has announced the acquisition of Texas-based PathMaker Group (PMG) – a leader in identity management services and solutions..

Company Information

Company

Simeio

Location

Alpharetta, Georgia, United States

About

Simeio is a global managed services provider offering Identity and Access Management solutions delivered as a service and interoperable with leading IAM tools. With 700+ employees worldwide, Simeio secures over 160 million identities globally for large enterprises and government entities. Services and solutions from Simeio include Customer Identity & Access Management, Privileged Access Management, Identity Proofing, Access Management & Federation, Identity Governance & Administration, Application Onboarding, and Simeio Identity Orchestrator. The company has been recognized for its business and technical leadership and highly rated by Gartner, Forrester, and KuppingerCole, and was ranked by Great Places to Work®.

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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