BetterCloud Expands Through Tricent Acquisition

BetterCloud, the leader in Software-as-a-Service (SaaS) Lifecycle Management, has announced its acquisition of Tricent, a leading file sharing governance company, during the Altitude 2024 Conference in New York. Tricent is known for its solutions that manage file sharing issues within Google Workspace and Microsoft 365 by enabling IT departments to automatically govern and audit file-sharing behavior, thereby mitigating security risks. Jesse Levin, CEO of BetterCloud, highlighted that this acquisition positions BetterCloud as the only comprehensive solution for managing the entire SaaS lifecycle, which includes user automation, spend optimization, and data security. Alongside this acquisition, BetterCloud unveiled several new product features designed to improve IT efficiency and employee satisfaction. These include real-time license savings, a self-service agent within Slack for common IT requests, and streamlined workflow branching capabilities. These developments underscore BetterCloud's strategic focus on driving innovation and customer value, evidenced by its new industry-first platform ROI guarantee. The conference gathered over 150 professionals with presentations by industry leaders such as CIOs from MongoDB and Bazaarvoice.