Latest news with #EnterprisePasswordManagement
Yahoo
5 days ago
- Business
- Yahoo
Cerby Raises $40M Series B to Automate Identity Security at Scale
Cerby to use new capital to further innovate its entire solution suite and scale operations in North America and EMEA region. Round was led by DTCP with participation from Okta Ventures, Salesforce Ventures, and Two Sigma Ventures. SAN FRANCISCO, May 28, 2025 /PRNewswire/ -- Cerby, the fastest-growing platform for identity security automation globally, has announced today a $40 million Series B funding round. The round was led by DTCP with participation from existing backers including Okta Ventures, Salesforce Ventures, and Two Sigma Ventures. As SaaS, cloud, mobile, and on-premise applications continue to proliferate, the enterprise attack surface has expanded dramatically, making the need for autonomous, scalable, state-of-the-art identity security solutions bigger than ever. Cerby is the first to automate the full identity lifecycle for disconnected applications—from credentials and authentication to lifecycle management and privileged access. It works horizontally across Enterprise Password Management (EPM), Identity and Access Management (IAM), Identity Governance and Administration (IGA), and Privileged Access Management (PAM) systems, helping customers extend protection to the applications and user identities that traditional tools can't reach. Cerby will invest the new capital to expand the Cerby Application Network in response to growing customer demand. This will include continued investment in the company's agentic AI capabilities and making the platform extensible. Cerby will also use the latest funding to further innovate its entire solution suite while scaling go-to-market operations in North America and EMEA. As part of this strategy, Cerby is prioritizing growth in key markets such as Germany, France, the UK., along with strategic Middle Eastern regions, where regulatory pressure and increasing enterprise complexity are accelerating demand for solutions that secure disconnected applications at scale. Belsasar Lepe, co-founder and CEO of Cerby, comments: "From day one, we've been laser-focused on eliminating the operational burden and security risk created by manual identity workflows—automatically, intelligently, and at scale. We're building a world where identity security is fully automated—eliminating human error and ensuring no app is left behind." Lance Matthews, Partner at DTCP, shares: "We are thrilled to be partnering with Cerby to support them in this exciting new stage of growth. The identity security industry is undoubtedly overdue for transformation—and Cerby is leading that shift with a true platform approach. I am confident that together with Belsasar and the team, Cerby will be able to execute on their bold vision, continuing to build on their proven solutions and unique platform." Since raising its Series A less than 20 months ago, Cerby has 10x'd ARR and grown its customer base 5x. The platform now automates identity workflows across more than 2,000 applications and supports over 100 organizations worldwide. Global brands, including L'Oréal, Fox, Allstate, Chime, and Dentsu rely on Cerby's platform to automate critical security workflows across their most complex environments. Media Contact Kekst CNC: dtcp@ About Cerby Cerby is the identity automation platform purpose-built to secure disconnected applications—those that fall outside the reach of traditional identity security tools. By integrating with existing IAM, IGA, and PAM systems, Cerby brings centralized access controls, automates manual security tasks, and extends governance across your entire application ecosystem. IT and security teams gain complete visibility and control, reducing risk and operational overhead. Founded in 2020, Cerby is backed by leading investors and trusted by global enterprises. Meet the Cerby team at the Identiverse conference in Las Vegas from June 3–6 at Booth #709, or book a meeting with our team to learn more. About DTCP DTCP is an investment management firm with $3 billion in assets under management and over 50 professionals. DTCP has offices in San Francisco, Hamburg, Frankfurt, Berlin, London, Luxembourg, and Tel Aviv. DTCP Growth invests in leading companies with a focus on cloud-based enterprise software. The team has made over 42 investments in US, Europe, and Israel, with notable investments including Arctic Wolf Networks, Auth0 (acquired by OKTA), Guardicore (acquired by Akamai), Fastly (NYSE: FSLY), Cohere, LeanIX (acquired by SAP SE), Pipedrive (acquired by Vista Private Equity), and Signavio (acquired by SAP SE). For a full list of portfolio companies please refer to "DTCP" is a trading name for companies for alternative investments as well as distribution, fund advise and service companies. The relevant legally responsible entities, which offer products or provide services to clients or the respective funds, are named in the relevant contracts, marketing documents or other product-specific information. For more information on DTCP, visit View original content to download multimedia: SOURCE Cerby
Yahoo
6 days ago
- Business
- Yahoo
Omega Systems Named a Top Solution Provider by CRN for Fourth Consecutive Year
Leading managed IT and security provider recognized on the CRN 2025 Solution Provider 500 list, reinforcing its position as a trusted partner for managed services, cloud, and cybersecurity solutions READING, Pa., May 27, 2025--(BUSINESS WIRE)--Omega Systems, a leading provider of managed IT and security services, has been named to CRN's 2025 Solution Provider 500 list. This marks the company's fourth consecutive year on the list, which recognizes the top IT solution providers in North America. As organizations face mounting pressure to modernize infrastructure, protect sensitive data, and meet evolving compliance demands, Omega Systems has emerged as a trusted partner for growing and regulated businesses seeking fully managed IT and cybersecurity services. That trust is backed by national recognition from the CRN MSP 500 (Elite 150 category) and the CRN Tech Elite 250, in addition to Omega's continued rise on the Solutions Provider 500 list. Compiled by CRN®, the Solution Provider 500 spotlights firms that are shaping the future of IT through service innovation, strategic guidance, and strong business performance. Together, this year's honorees represent more than $548 billion in annual revenue. "Technology disruptions and security threats continue to grow in complexity and severity, and businesses need more than just a vendor – they need a strategic partner they can count on," said Mike Fuhrman, CEO of Omega Systems. "Earning a spot on the Solution Provider 500 for the fourth year in a row reflects the trust our customers place in us to advise and support them across their entire IT ecosystem – from managed IT to cybersecurity and compliance to cloud and connectivity. We're proud to work side by side with our customers to deliver these forward-thinking solutions that protect their operations, optimize performance, and help them adapt to change with confidence." Omega's ranking follows continued growth within its managed IT, cloud, and security service portfolio, including the recent launch of its fully managed Enterprise Password Management solution. Designed to help businesses combat credential-based threats, the solution further expands Omega's security-first solutions, which also include advanced endpoint protection, managed detection & response (MDR), 24x7 support, and vCISO advisory services. "The Solution Provider 500 list spotlights the technology integrators, managed service providers, value-added resellers and IT consulting firms who bring in the most revenue by leading the way in business and service innovation," said Jennifer Follett, VP, U.S. Content, and Executive Editor, CRN, The Channel Company. "Recognition is reserved for companies demonstrating an unwavering commitment to business agility and sustained growth through rapidly changing industry needs and technology advancements. Congratulations go to each company for earning a well-deserved spot on the Solution Provider 500." The full 2025 list is available at About Omega Systems As a multi-award-winning MSP and MSSP, Omega Systems is passionate about delivering the security and compliance expertise today's businesses need alongside the responsive and reliable managed IT support they deserve. Omega's service-driven IT solutions portfolio includes 24×7 managed IT support, cybersecurity risk management, managed detection & response (MDR), backup and disaster recovery, multi-cloud connectivity, and much more. Omega Systems serves a diverse customer base across the U.S. and in key industries such as financial services, healthcare, professional services, manufacturing, government, and nonprofit. Learn more at About The Channel Company: The Channel Company (TCC) is the global leader in channel growth for the world's top technology brands. We accelerate success across strategic channels for tech vendors, solution providers, and end users with premier media brands, integrated marketing and event services, strategic consulting, and exclusive market and audience insights. TCC is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. For more information, visit Follow The Channel Company: X and LinkedIn © 2025. CRN is a registered trademark of The Channel Company, Inc. All rights reserved. View source version on Contacts Media Contact:Jake Scearboomegasystems@ The Channel Company Contact: Kristin DaSilvaThe Channel Companykdasilva@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
