1Password Acquires Trelica in Strategic Move to Enhance Access Management
Deal News | Jan 10, 2025 | Orrick
1Password, a leader in identity security and access management, has acquired Trelica, an innovator in modern SaaS access management. Orrick served as the legal advisor for 1Password during this acquisition. With this acquisition, 1Password aims to enhance its Extended Access Management platform, thus better securing app sign-ins while maintaining employee productivity. The Canadian company's enterprise password manager is already trusted by over 150,000 businesses globally. In 2024, 1Password also acquired Kolide, a next-gen device security solution, further bolstering its commitment to comprehensive security solutions.
Sectors
- Identity Security
- SaaS Access Management
- Legal Advisory
Geography
- Canada – 1Password is based in Canada, making this geography relevant to the article.
- Global – 1Password serves over 150,000 businesses worldwide, indicating a global presence.
Industry
- Identity Security – This industry is relevant as 1Password is a leader in identity security solutions, aiming to secure sign-ins across multiple platforms and devices.
- SaaS Access Management – The acquisition of Trelica highlights the focus on SaaS access management, enhancing 1Password's capabilities in this area.
- Legal Advisory – Orrick's role as the legal advisor in the acquisition deal ties the legal advisory industry to the article.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| 1Password | Bidding Company | Company | 1Password is the acquiring company, focusing on identity security solutions. |
| Trelica | Target Company | Company | Trelica is a company specializing in modern SaaS access management, recently acquired by 1Password. |
| Orrick | Legal Advisor | Company | Orrick is the legal advisor for 1Password in the acquisition of Trelica. |