Aveksa Acquired by EMC in Enterprise Security Deal

7/8/13Follow @gthuang

Aveksa is one of those enterprise technology companies you might have forgotten about over the years. But no longer.

The Waltham, MA-based security software and identity management firm has been acquired by EMC (NYSE: EMC), the data storage giant based in Hopkinton, MA. Terms of the deal weren’t disclosed, but Aveksa will operate within EMC’s RSA security division, according to a press release.

EMC has been interested in Aveksa’s technology, which aims to help businesses control who has access to applications and data and automate key parts of the process over the user lifecycle. This is a growing problem as computer networks and connections continue to expand in the cloud, and it affects industries as diverse as healthcare, finance, retail, and manufacturing.

In the past couple of years, EMC has acquired other security companies, including NetWitness and Silver Tail Systems. The firm has a strong record of growth through big acquisitions such as Data Domain and Isilon Systems. It has a well laid-out strategy for doing mergers and acquisitions, and we’ll see if the move pays off for RSA in this case.

For its part, Aveksa was founded in 2004-05. It has raised a little under $30 million in venture capital (most recently in 2009), led by Charles River Ventures, which seeded the startup in Waltham in 2005. The company’s other investors include FirstMark Capital and FTV Capital. Aveksa is led by CEO Vick Vaishnavi, CTO and co-founder Deepak Taneja, and vice president and co-founder Dan Peterson.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com. Follow @gthuang

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