ServiceNow’s $1 Billion Bet on Veza: Identity Security Just Got a New Sheriff
ServiceNow is making headlines by acquiring Veza Security, a company that specializes in identity security. It seems like ServiceNow is saying, “Veza, join us, and together we shall rule the identity management galaxy!” With Veza’s specialized platform, ServiceNow aims to bolster its security and risk portfolios, enhancing identity and access controls.
Hot Take:
In a world where identity theft is as common as pineapple on pizza, ServiceNow is stepping up its game by acquiring Veza Security. It’s a billion-dollar love story where cloud access management meets AI, and they live happily ever after in a secure, virtual mansion. ServiceNow is basically saying, ‘Who needs superhero capes when you have an Access Graph?’ Expect identity thieves to start crying into their keyboards.
Key Points:
- ServiceNow is acquiring identity security company Veza Security for over $1 billion.
- The acquisition will enhance ServiceNow’s security and risk portfolio capabilities.
- Veza provides a comprehensive identity security platform with a proprietary Access Graph.
- This acquisition marks another entry in the 400+ cybersecurity deals cataloged in 2023.
- Veza Security was valued at $808 million after its Series D funding round earlier this year.