Symark acquires BeyondTrust in run up to IPO

September 14, 2009 | Camille Ricketts | Comments | |

Symark Software, maker of security applications that only allow network access to IT professionals, has acquired a smaller rival, BeyondTrust, for a little over $20 million. Following the merger, the company will operate under the BeyondTrust name, hoping that the boost in customers and revenue will carry it to a lucrative public offering next year.

Agoura Hills, Calif.-based Symark is owned by Insight Venture Partners. The deal will also give the company a Windows-version of its technology. Before, it only offered security solutions for Linux and Unix.

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About the Author, Camille Ricketts

Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.

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  • David
    BeyondTrust does something similar (managing admin privileges) for Windows desktops, while Symark does it for Linux/Unix servers. They're not rivals, but they have similar technologies for different markets.

    Also, what they do is manage the access privileges of IT. It's more about limiting the access IT administrators have, rather than making sure they're the only ones that have it.
  • devendra69
    BTW, just to share that BeyondTrust & Symark don't compete in any market space. Symark is in Privileged Password management & BeyondTrust "Elimitaes Admin Privilege". This acquisition simple complement both companies to consolidate products and enhance teh suit of solution.