Thycotic Rated Ahead of BeyondTrust and CyberArk for Cloud-Based PAM Solutions
Announcement posted by emt Distribution 01 May 2019
Cyber Management Alliance Analysts Cite Key Distinction Between Cloud-Native and Cloud-Ready PAM Solutions
ADELAIDE, Australia, May 1, 2019 -- Thycotic, a provider of privileged access management (PAM) solutions to 10,000 organisations worldwide, today announced its cloud-based PAM solutions, including Secret Server Cloud and Privilege Manager Cloud, topped the Leaderboard of the Cyber Management Alliance (CM-Alliance) in a new report. Entitled, “Securing Your Organisation with Cloud-Based Privileged Access Management (PAM),” CM-Alliance’s report rated Thycotic the Leader, followed by BeyondTrust as Runner Up, and CyberArk as a Contender.
“Thycotic is the clear leader with a Cloud-Native PAM solution that can be implemented today and that features discovery, vaulting, monitoring and control capabilities on par with its flagship on-premise offerings,” said Amar Singh, founder and CEO of CM-Alliance.
The new CM-Alliance report separates cloud-based PAM solutions into two classes: Cloud-Native and Cloud-Ready. The report favours Cloud-Native PAM solutions in part because “they are applications that have been developed for SaaS (Software-as-a-Service) delivery in public or private cloud environments such as Microsoft Azure or AWS. These solutions leverage the scalability and micro-services architectures offered by such public cloud infrastructure vendors.”
“More importantly,” the report continues, “they do not require the operational overhead introduced by managed services for administration. For CM-Alliance, the Cloud-Native approach signals a vendor’s commitment towards innovation that truly transforms the protection and management of privileged credentials by fully leveraging the benefits of cloud computing.”
According to the report, several vendors deliver Cloud-Native PAM applications, including recent market entrants pitching their solutions to smaller businesses. “However, there are only a select few whose Cloud-Native solutions scale and operate at effectiveness levels demanded by Fortune 100 organisations. Based on our review, we recognise several advantages that Thycotic’s Cloud-Native PAM offers.”
These advantages include Thycotic’s commitment as a Cloud-First organisation deploying Cloud-Native technologies that organisations of all sizes can deploy. Unburdened by recent market volatility that resulted in the consolidation of some leading PAM vendors, the report says, “Thycotic appears to be distraction-free and able to deliver on a Cloud-First roadmap designed to penetrate markets that have been underserved by most PAM vendors”.
To get a complimentary copy of the CM-Alliance report, please click here.
For more information about Thycotic and its solutions, visit https://www.thycotic.com/.
About Cyber Management Alliance
Cyber Management Alliance, headquartered in the UK, are trusted advisors and offer their operational and strategic consultancy services to global organisations.
CM-Alliance offers specialist analyst reviews, cybersecurity training and executive workshops in cybersecurity, incident management and response, cyber-crisis planning and data privacy. CM-Alliance is a UK Government’s GCHQ-Certified Training provider and the creator of multiple GCHQ-Certified Training Courses including its highly acclaimed Cyber Incident Planning & Response (CIPR) training.
About Thycotic
Thycotic is the leading provider of cloud-ready privilege management solutions. Thycotic's security tools empower over 10,000 organisations, from small businesses to the Fortune 500, to limit privileged account risk, implement least privilege policies, control applications, and demonstrate compliance. Thycotic makes enterprise-level privilege management accessible for everyone by eliminating dependency on overly complex security tools and prioritising productivity, flexibility and control. Headquartered in Washington, DC, Thycotic operates worldwide with offices in the UK and Australia.
“Thycotic is the clear leader with a Cloud-Native PAM solution that can be implemented today and that features discovery, vaulting, monitoring and control capabilities on par with its flagship on-premise offerings,” said Amar Singh, founder and CEO of CM-Alliance.
The new CM-Alliance report separates cloud-based PAM solutions into two classes: Cloud-Native and Cloud-Ready. The report favours Cloud-Native PAM solutions in part because “they are applications that have been developed for SaaS (Software-as-a-Service) delivery in public or private cloud environments such as Microsoft Azure or AWS. These solutions leverage the scalability and micro-services architectures offered by such public cloud infrastructure vendors.”
“More importantly,” the report continues, “they do not require the operational overhead introduced by managed services for administration. For CM-Alliance, the Cloud-Native approach signals a vendor’s commitment towards innovation that truly transforms the protection and management of privileged credentials by fully leveraging the benefits of cloud computing.”
According to the report, several vendors deliver Cloud-Native PAM applications, including recent market entrants pitching their solutions to smaller businesses. “However, there are only a select few whose Cloud-Native solutions scale and operate at effectiveness levels demanded by Fortune 100 organisations. Based on our review, we recognise several advantages that Thycotic’s Cloud-Native PAM offers.”
These advantages include Thycotic’s commitment as a Cloud-First organisation deploying Cloud-Native technologies that organisations of all sizes can deploy. Unburdened by recent market volatility that resulted in the consolidation of some leading PAM vendors, the report says, “Thycotic appears to be distraction-free and able to deliver on a Cloud-First roadmap designed to penetrate markets that have been underserved by most PAM vendors”.
To get a complimentary copy of the CM-Alliance report, please click here.
For more information about Thycotic and its solutions, visit https://www.thycotic.com/.
About Cyber Management Alliance
Cyber Management Alliance, headquartered in the UK, are trusted advisors and offer their operational and strategic consultancy services to global organisations.
CM-Alliance offers specialist analyst reviews, cybersecurity training and executive workshops in cybersecurity, incident management and response, cyber-crisis planning and data privacy. CM-Alliance is a UK Government’s GCHQ-Certified Training provider and the creator of multiple GCHQ-Certified Training Courses including its highly acclaimed Cyber Incident Planning & Response (CIPR) training.
About Thycotic
Thycotic is the leading provider of cloud-ready privilege management solutions. Thycotic's security tools empower over 10,000 organisations, from small businesses to the Fortune 500, to limit privileged account risk, implement least privilege policies, control applications, and demonstrate compliance. Thycotic makes enterprise-level privilege management accessible for everyone by eliminating dependency on overly complex security tools and prioritising productivity, flexibility and control. Headquartered in Washington, DC, Thycotic operates worldwide with offices in the UK and Australia.