1Password, the renowned password management platform, has announced its largest acquisition to date: Trelica, a UK-based SaaS (Software-as-a-Service) management company. While the financial details remain undisclosed, this strategic move aims to significantly enhance 1Password’s ability to help businesses better manage and secure their growing portfolio of applications.
In today’s rapidly evolving digital landscape, organizations are increasingly adopting numerous SaaS tools to streamline operations. However, this surge in digital adoption often leads to “SaaS sprawl,” where companies lose oversight of active software tools, and “shadow IT,” where employees use unauthorized apps without IT supervision. Both issues heighten security vulnerabilities and inflate operational costs.
1Password’s Extended Access Management (EAM) platform already focuses on managing access to devices and applications. With Trelica’s advanced SaaS management capabilities, 1Password will be better equipped to tackle these growing challenges by offering a more comprehensive security solution.
What Trelica Brings to 1Password
Founded in 2018, Trelica specializes in simplifying SaaS application management. Its tools empower IT teams to streamline software oversight and bolster security. Key functionalities include:
- This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents