Thycotic Announces IBM Security to OEM Privileged Identity Management Technology

Thycotic, a provider of privileged access management (PAM) solutions for more than 7,500 organizations worldwide, today announced that it has entered into an original equipment manufacturing (OEM) agreement with IBM (NYSE: IBM) Security. As part of this agreement, IBM Security will now offer a new privileged access management solution, IBM Security Secret Server, powered by Thycotic’s technology.

Used by system administrators, third-party and cloud service providers, applications and business users, privileged accounts exist in just about every connected device, including operating systems, servers, hypervisors, databases, applications and industrial control systems. With more than 80 percent of cybersecurity breaches involving compromised user passwords and credentials, Thycotic Secret Server delivers an enterprise-class solution that provides the security, transparency, and accountability organizations need to protect these privileged accounts and their users engaged in their daily business operations.

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