URGENT UPDATE: ServiceNow has just announced a major acquisition, signing an agreement to acquire identity security start-up Veza for an undisclosed amount. This move, confirmed on November 2, 2023, aims to enhance ServiceNow’s security offerings by integrating Veza’s innovative Access Graph platform into its existing AI Control Tower dashboard.
This acquisition is a significant step for ServiceNow as it seeks to bolster its identity visibility, intelligence, and governance solutions. Veza’s Access Graph technology, which analyzes access relationships and permissions across human and AI identities, is designed to provide businesses with critical insights into who has access to what and why. By managing these relationships, organizations can effectively identify overprivileged access, ensuring security and compliance.
“In the era of agentic AI, every identity – human, AI agent or machine – is a force for enterprise impact,” stated Amit Zavery, president, COO, and chief product officer at ServiceNow. He emphasized the importance of continuous visibility into each identity’s permissions to maintain trust and security.
The acquisition will also see ServiceNow enhance its security products by incorporating Veza’s capabilities in vulnerability response, incident response, and integrated risk management. These features are crucial for organizations navigating the complexities of modern security threats, especially those driven by AI technologies.
Founded in 2020 by Tarun Thakur, Maohua Lu, and Rob Whitcher, Veza has quickly established itself in the identity security space, serving nearly 150 global enterprises including notable clients like Crowdstrike, Workday, Zoom, Skechers, and Mattel. Thakur, the CEO of Veza, expressed enthusiasm about the partnership, stating,
“With ServiceNow, we will help customers embrace AI with greater confidence.”
This acquisition is expected to transform identity governance and security into a strategic advantage for businesses, allowing them to maintain clear, integrated control over all types of identities, whether human, machine, or AI.
The implications of this deal are profound, as organizations worldwide grapple with increasing threats to their data assets. The integration of Veza’s technology into ServiceNow’s suite will empower Chief Information Security Officers (CISOs) and security teams to make informed access decisions, enhancing the protection of high-value data against emerging AI-powered attacks.
As this story develops, industry experts and businesses will be closely monitoring the integration process and its impact on the cybersecurity landscape. ServiceNow’s commitment to enhancing its platform with Veza’s cutting-edge technology signals a forward-thinking approach to identity security that could redefine best practices in the industry.
Stay tuned for further updates on this urgent development, as the integration of these technologies promises to reshape how organizations manage identity and security in an increasingly digital world.
