Courion Acquires Bay3129.05.2015 13:26
Courion, the market leading provider of intelligent identity governance and administration solutions, is excited to announce the acquisition of Bay31 AG, an IT start-up based in Zug.
Bay31 is an innovative provider of advanced access governance solutions that helps organizations ensure secure access to business processes and reduce the cost of compliance. The combination of the two companies will enable Courion to extend its technology leadership in identity analytics and enhance the company's product offerings in role mining and role-based access control, particularly for large and complex applications.
Bay31's solutions, which complement and interface with existing identity management products, leverage proprietary in-memory technology and data-mining algorithms that analyze high volumes of access control data in real-time.
Commenting on the acquisition, Chris Sullivan, GM of Intelligence/Analytics at Courion, said, "Bay31's in-memory capabilities will enhance Courion's existing intelligence and analytics offerings resulting in even faster solutions for the largest and most complex applications. This will enable us to solve important problems that the market has not even considered possible."
In response to the acquisition, Cris Merritt, founder of Bay31, said, "We are thrilled to join Courion Corporation. The company's perennial leadership in the Gartner Magic Quadrant for IGA and its installed base of customers will enable us to deliver dynamic analytics capabilities to organizations that need to better manage access to critical information and processes."