Exostar acquires Pirean

Exostar, the provider of trusted, secure business collaboration in aerospace and defense (A&D), life sciences, and healthcare, has further expanded its global business operations and technology portfolio today with the acquisition of Pirean Limited, a privately held business headquartered in London, UK, with offices in Sydney, Australia, the company said.

Pirean´s Identity-as-a-Service (IDaaS) platform, Access: One, is used by customers worldwide in the banking, financial services, insurance, and government sectors, as well as the energy, retail, and telecom industries. The Access: One platform helps secure business-critical applications and sensitive corporate and personal information by providing easy-to-use and innovative consumer, workforce, and mobile identity and access management (IAM) functionality.

According to IAM industry analyst firm KuppingerCole, the market for IAM/IDaaS solutions is growing at a steady and high rate, with several segments showing a compound annual growth rate (CAGR) above 25%. As the options and devices for how individuals engage with business continue to expand, consumer IAM (CIAM) plays an increasingly important role in defining an organization´s security posture and is becoming one of the fastest growing segments in the overall IAM market.

Under the acquisition agreement, which is effective immediately, Pirean Limited will be known as Pirean, an Exostar company. Financial terms were not disclosed.

Exostar, a Gartner Cool Vendor, offers cloud-based solutions that help companies in highly regulated industries mitigate risk and solve identity and access challenges. Nearly 150,000 organizations leverage Exostar to help them collaborate securely, efficiently, and compliantly with their partners and suppliers. By offering connect-once, single sign-on access, Exostar strengthens security, reduces expenditures, and raises productivity so customers can better meet contractual, regulatory, and time-to-market objectives. www.exostar.com.

Pirean brings employees and applications, consumers and products, and people and devices together to digitally and securely conduct business.