[ad_1]
Final week, Thales introduced that it had the signature of an settlement to amass OneWelcome, a European chief within the fast-growing market of buyer identification and entry administration (CIAM), for a complete consideration of €100 million. Thales goals to capitalize on OneWelcome’s robust cloud-native software-as-a-service (SaaS) product by extending its market footprint past Europe and promoting it to present Thales purchasers in North America and the Asia-Pacific area.
Complementary Id Acquisition
OneWelcome’s robust digital identification life-cycle administration capabilities will complement Thales’s present identification companies (safe credential enrollment, issuance and administration, know your buyer and so forth.). With this acquisition, Thales will be capable of present an expanded identification platform that can: Be accessible to organizations of all sizes to handle inside and exterior identitiesQuickly convey new companies onlineImprove operational effectivity and buyer experienceMeet or exceed regulatory compliance necessities
It does appear like CIAM is disappearing as a stand-alone pillar and is turning into a significant pillar inside bigger distributors increasing cybersecurity portfolios. Along with Thales’ acquisition of OneWelcome, different notable ones embrace:Ping Id acquired Unbound ID in 2016.SAP purchased Gigya for $350 million in 2017.Akamai acquired Janrain in 2019.CIAM of Curiosity to Expertise Distributors in Varied Sectors
It is attention-grabbing that these acquisitions do not comply with a sample. Thales is arguably the largest vendor in knowledge safety with its encryption capabilities. Ping was already a big participant in enterprise identification administration/IDaaS earlier than it added CIAM, and SAP, after all, has an enormous enterprise useful resource planning (ERP) and buyer relationship administration (CRM) enterprise. And Akamai is a content material supply community (CDN) that has been increasing its safety choices for the most effective a part of a decade.
What they’ve in widespread, nevertheless, is that the acquirers all serve enterprise clients who cope with massive numbers of consumers within the shopper market and their interactions with them have moved more and more on-line, making CIAM an important a part of their safety toolkit. Consider CIAM because the place the place identification administration (IAM and IDaaS) meets CRM, enabling shoppers to entry on-line assets and studying from their behaviors to enhance their expertise and, hopefully, to drive extra gross sales.
Knowledge Safety and CIAM Convergence
Thales is a significant participant within the knowledge safety house and the acquisition of OneWelcome helps it broaden its identification portfolio.
It does appear that an rising variety of distributors are eager to play within the identification house. Solely final month, Microsoft expanded its capabilities in identification with the launch of Entra. The great development potential of CIAM and clamor by large distributors to enter this house can assist to clarify why Omdia tasks this market to extend from $8.1 billion in 2021 to $16.7 billion in 2026.
The world marketplace for CIAM, by revenues ($ Thousands and thousands). Supply: Omdia’s Id Authentication Entry Market Tracker. 1H22
[ad_2]