Cybersecurity solutions provider Optiv Security, Inc. (previously Accuvant and FishNet Security) has acquired identity and access management (IAM) firm Advancive LLC for an undisclosed sum.

Based in Pasadena, CA, Advancive offers security advisory and solution implementation services focused on identity and access, security risk and compliance management, infrastructure and application security.

The company claims to develop and deliver sustainable solutions for clients that include  Fortune 100 enterprises and large national and regional businesses representing financial services, healthcare, manufacturing, and high-tech industries.

According to Optiv, the acquisition delivers a combination of people, know-how, and best practices, that will allow them to expand its IAM expertise and offerings, and provide new and innovative IAM services and solutions.

“This transaction aligns with our long-term strategy to be an innovative leader in the IAM industry by solving client problems with a programmatic mindset, high quality services, the best technologies and advanced holistic solutions,” Optiv Vice President of Identity and Access Management Bryan Wiese said in a statement sent to SiliconANGLE. “The complementary strengths of our two companies will position us to capture the growth opportunities created by the rapidly evolving IAM industry. I’m excited to welcome the Advancive team and looking forward to all that we will achieve together.”

Growing market

Although by no means a household term, the identity and access management market is a rapidly growing industry and is expected to grow from is expected to grow from $7.2 billion in 2015 to a $12.78 billion in 2020 according to published research.

The acquisition, described more as a merger despite its technical term according to CRN will double Optiv’s IAM business and see their head count grow from 50 to 85 people.

“Within Optiv, we’re aligning our messaging and focus and growth around growing identity to address those concerned customers,” Optiv Vice President Bryan Wiese told CRN. “We’re doing this, not just to tackle the growth we’re seeing but position us for bigger, larger growth going forward.”

The deal is said to deliver more “holistic” solution that addresses clients’ complex identity management, privileged access management and identity governance problems in the process of ongoing IT transformation and migration.

It’s unclear how much Advancive raised prior to acquisition.

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