JumpCloud Acquires Stack Identity to Enhance Identity Security

Deal News | Jan 28, 2025 | Globenewswire

JumpCloud Acquires Stack Identity to Enhance Identity Security

JumpCloud Inc. has acquired Stack Identity, a next-generation identity security and access visibility platform, in a move to enhance its identity-first access management solutions. This acquisition aims to significantly improve JumpCloud's capabilities in Identity Governance and Administration (IGA), Privilege Access Management (PAM), Identity Security Posture Management (ISPM), Identity Threat Detection and Response (ITDR), and Cloud Infrastructure Entitlement Management (CIEM). Stack Identity's advanced data analytics technology helps customers identify unmonitored and unauthorized access pathways, which is increasingly important given the rise in remote and hybrid work environments. Greg Keller, JumpCloud's co-founder and CTO, emphasized that mastering data is essential for secure and frictionless access to corporate resources. This acquisition follows JumpCloud's previous purchase of Resmo and reflects its commitment to addressing the evolving needs of modern IT security. The transaction details have not been disclosed.

Sectors

  • Information Technology
  • Cybersecurity

Geography

  • United States – Both JumpCloud and Stack Identity are based in the United States, and the acquisition is focused on enhancing IT security capabilities within the country.

Industry

  • Information Technology – The acquisition pertains to the enhancement of digital identity security, access management, and IT infrastructure through advanced technology.
  • Cybersecurity – As Stack Identity specializes in identity security and access visibility, this deal is directly related to improving cybersecurity measures across various platforms.

Financials

    Participants

    NameRoleTypeDescription
    JumpCloud Inc.Acquiring CompanyCompanyA company that provides a unified identity, device, and access management platform, helping manage identities, devices, and access across organizations.
    Stack IdentityTarget CompanyCompanyA next-generation identity security and access visibility platform with advanced data analytics technology targeted at reducing security risks in workforce access.
    Greg KellerCo-Founder and Chief Technology OfficerPersonCo-founder and CTO of JumpCloud, providing insights into the strategic benefits of acquiring Stack Identity.
    Sanjay KaleCo-FounderPersonCo-founder of Stack Identity, highlighting the strategic importance of the acquisition for future identity security transformations.