One week in 2019, Akamai Technologies Inc. has already made its first acquisition of the year.
The heavyweight cybersecurity and content delivery group announced today that it has purchased Janrain Inc., an identity management provider based in Portland. The terms of the agreement were not disclosed, but the price was probably quite high: Janrain had raised more than $ 70 million in financing and counted among his clients dozens of global companies.
The company sells a platform that helps organizations manage users' access to their online services. Janrain Identity Cloud, as it is known, provides registration processing tools and account logins, as well as a portal for administrators to organize user profile data.
But it was the superimposed security features that caught Akamai's attention. Janrain Identity Cloud verifies that users are well what they claim to be by analyzing their location, the device from which they are trying to access an application and other activity data. If, for example, someone tries to log in to an account from a new phone at an unusual time, the platform may block the request until more proof of identity is provided.
This type of adaptive security is proving increasingly necessary in the era of large scale data breaches.
"A poll conducted in 2017 by Pew Research indicated that 39% of users used identical or very similar passwords on all online accounts," said John Summers, chief technology officer at Akamai, in a blog post. "From the point of view of the website owner, this poses a huge problem of digital trust – just because someone or something presents the correct identification information, how can the company do it? believe that is really the owner of the account that is trying to connect? "
The features provided by Janrain should allow Akamai to limit this threat to its corporate customers. This technology will complement Akamai's Bot Manager service, which helps companies block web traffic from non-human sources, such as scripts used by hackers to abuse stolen login credentials.
Akamai has expanded its security portfolio as part of efforts to generate new revenue growth. The company's security unit increased sales by 37 percent last quarter to $ 169 million, well ahead of single-digit growth in its core Web content and multimedia delivery units. Akamai could potentially pursue further acquisitions in 2019 to reinforce this relatively small but growing share of its business.
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