In a monumental move, 1Password has announced its acquisition of Trelica, a company specializing in SaaS access management, marking the largest purchase by revenue in 1Password’s history. This merger aims to bolster security teams’ abilities to discover and manage access to previously unmanaged applications used in workplaces.
Transformative Impact for Partners
David Faugno, co-CEO of 1Password, describes this acquisition as transformative, addressing SaaS sprawl and shadow IT. Trelica’s integration with 1Password will create exciting opportunities for partners to leverage expanded capabilities. With over 300 direct SaaS integrations, partners can now utilize 1Password’s Enterprise Password Manager and Device Trust products in more comprehensive ways. Faugno emphasizes that this move underlines 1Password’s commitment to becoming the preferred vendor for customers and partners alike.
Accelerating the 1Password Extended Access Management (XAM) Strategy
The purchase of Trelica comes on the heels of 1Password’s introduction of its Extended Access Management (XAM) platform strategy in May 2024. The integration aims to close security and productivity gaps for organizations and expand 1Password’s reach across its 150,000-plus business customers. By integrating Trelica’s advanced SaaS access management capabilities, 1Password is better positioned to meet the evolving security needs of modern organizations, offering a comprehensive platform that secures every app on every device.
Broader Value and Passwordless Security
Although Trelica is still early in its commercial journey, it has already assembled an enviable list of customers. 1Password plans to begin cross-selling Trelica’s solutions to its customer base swiftly. Deeper integrations between Trelica and 1Password’s existing products are expected to unlock greater value, including advancements in passwordless security. This positions 1Password as a more comprehensive security partner, ready to serve a broader audience and reinforce its leadership in access management.
Collaborative Future
Iain McGhee, Trelica’s co-founder, expresses his enthusiasm about joining forces with 1Password. He highlights the potential to address critical security challenges by enabling safe app usage and providing security teams with the necessary visibility and controls. This merger promises to enhance partners’ ability to manage SaaS sprawl and shadow IT efficiently, driving productivity and compliance for their clients.
Looking Ahead
In a landmark development, 1Password has unveiled its acquisition of Trelica, a company renowned for its expertise in managing SaaS access. This purchase is notably the largest by revenue in the history of 1Password, underscoring its significance. The primary goal of this merger is to enhance the capabilities of security teams in identifying and managing access to previously unregulated applications within workplaces. By integrating Trelica’s technology, 1Password aims to address the growing need for comprehensive visibility and control over the myriad of SaaS applications used daily by employees. This move is anticipated to streamline operations, reduce security risks, and ensure that all software applications are used within a secure framework. The acquisition reflects 1Password’s commitment to staying ahead in the rapidly evolving cybersecurity landscape. With this strategic move, both companies will likely see increased efficiency and a stronger market presence, ultimately benefiting businesses by providing them with enhanced tools for managing application access securely and effectively.
