Akamai to acquire CIAM specialist Janrain
Deal will allow Akamai to integrate Customer Identity Access Management solution with web platform
Akamai will announced an agreement to acquire customer identity access management (CIAM) specialist Janrain.
The Janrain cloud-based identity management solution enables enterprises to enhance digital trust by offloading login and registration workloads, and its integration with Akamai's Intelligent Edge Platform is expected to provide improved security and regulatory compliance at scale for online engagement.
The value of the all-cash deal was not disclosed, although it is expected to close this quarter.
Akamai already secures its customers' websites, apps and APIs from DDoS attacks, application vulnerabilities, bots and other advanced threats, with hundreds of millions of login transactions taking place daily on the Akamai Intelligent Edge Platform. The acquisition is expected to add critical complementary capability that will help Akamai's customers establish and maintain digital trust with their users by providing a highly secure and resilient environment for collecting and storing sensitive user information, managing privacy controls, defending against identity fraud, and improving engagement and brand loyalty.
"It is challenging to conduct business online without an inherent and expected level of digital trust," said Rick McConnell, president of Akamai Technologies and general manager of Akamai's web division. "Janrain's Identity Cloud, working together with Akamai's Intelligent Edge Platform, will provide an added layer of security to allow our customers to know more about their end users and potentially drive additional revenues from that deepened relationship."
Integrating Janrain's Identity Cloud into the Akamai Intelligent Edge Platform is expected to provide immediate security benefits to CIAM customers in two critical areas: bot management and threat intelligence. Akamai Bot Manager mitigates the risks associated with credential abuse by detecting and managing bot activity at login and registration time and reducing fraud without negatively impacting the user experience. By leveraging Akamai threat intelligence, customers can make smart decisions about which users should be allowed to access registration and login pages based on reputation built on past online behaviour.
The integrated technology will also be designed to enable highly accurate, scalable, and secure risk-based adaptive authentication solutions to safeguard against malicious account activities including fraudulent account creation and credential compromise.
"Janrain has been focused on creating an innovative solution for establishing digital trust through authentication and authorization for each individual consumer and even connected devices that interact with a digital enterprise," said Jim Kaskade, chief executive officer, Janrain. "By combining the scale and intelligence of Akamai's Intelligent Edge Platform with Janrain's Identity Cloud, we believe we can realize the promise of delivering a more accurate and sophisticated customer identity management solution and enable trusted digital experiences that are unique for every user."