Company Profile: Appsian (a Pathlock Company)

Background

Appsian, now integrated into Pathlock, specializes in providing comprehensive data security and compliance solutions for Enterprise Resource Planning (ERP) applications, including SAP and Oracle. The company's mission is to manage and mitigate risks associated with ERP data, such as hacking, fraud, theft, and business process errors.

Key Strategic Focus

Appsian's strategic focus encompasses:

Dynamic Access Controls: Implementing adaptive access controls to enhance security.

Data Security: Protecting sensitive data through advanced security measures.

User Activity & Transaction Monitoring: Offering real-time monitoring to detect and prevent unauthorized activities.

These solutions aim to strengthen system and data access while providing deep visibility into data access and usage behaviors.

Financials and Funding

In May 2022, Pathlock, the parent company of Appsian, secured $200 million in funding led by Vertica Capital Partners. This capital is intended to expand Pathlock's application governance and data security capabilities, addressing the growing demand for governance and protection of both cloud and on-premise business applications.

Technological Platform and Innovation

Appsian's technological innovations include:

SAML 2.0 Integration: Enabling seamless integration with enterprise identity providers like Active Directory, ADFS, and OKTA for ERP applications such as PeopleSoft and Oracle EBS.

Dynamic Data Masking: Enforcing security and privacy policies by masking sensitive data at the user interface level.

Real-Time Security Analytics: Monitoring data access and usage in real-time to identify and respond to security threats promptly.

Leadership Team

Following the merger, the leadership team includes:

Piyush Pandey: Chief Executive Officer

Damon Tompkins: President

Jonathan Hildrey: Chief Financial Officer

Haviv Rosh: Chief Technology Officer

Carrie Curry: Vice President, Product

Shep Parke: Vice President, Partnerships & Alliances

Guru Deshpande: Senior Vice President, Product Management

Ben Holcombe: Senior Vice President, Sales

Vadim Balandin: Senior Vice President, Marketing

Tony Daubenmerkl: Vice President, Support

Susan Stapleton: Vice President, Customer Advisory

Leadership Changes

In May 2022, Piyush Pandey, former CEO of Appsian, was appointed as the new CEO of Pathlock, following the merger of Pathlock, Appsian, and Security Weaver.

Competitor Profile

Market Insights and Dynamics

The global market for control testing, enforcement, and compliance services is estimated to be nearly $100 billion per year. The cost for each company to achieve SOX compliance alone can be $2 million or more annually.

Competitor Analysis

Key competitors include:

Saviynt: Offers Enterprise Identity Cloud to unify access controls across identities and applications.

SailPoint: Provides lifecycle and compliance management solutions to automate access controls.

Strategic Collaborations and Partnerships

In May 2022, Pathlock merged with Appsian and Security Weaver, and acquired CSI Tools and SAST SOLUTIONS, creating a unified platform for application governance and data security.

Operational Insights

The combined company now services over 1,200 customers across various industries and has doubled its employee count. It has a global presence with offices in the United States, Belgium, the UK, Germany, Israel, and India.

Strategic Opportunities and Future Directions

Pathlock aims to provide a unified, 360-degree platform for automating controls across business applications, enabling organizations to mitigate risks in real-time. This approach simplifies data protection in the era of digital transformation and cloud computing.