Acquisition of Tricent strengthens BetterCloud’s position as the only SaaS lifecycle management platform
BetterCloud , the leader in software-as-a-service (SaaS) lifecycle management, announced at Altitude 2024 its acquisition of Tricent , a leader in file sharing governance. File sharing, a powerful productivity and collaboration feature within enterprises, is a security nightmare for IT departments. Unsecured file sharing increases risk for businesses by creating vulnerabilities, compliance issues, loss of intellectual property, and exposure to data breaches and leaks. Tricent’s automated data governance makes it easy for IT departments to create, manage, and audit file sharing behaviors for Google Workspace and Microsoft 365.
“Reducing the business risks of collaborating with cloud applications requires not only setting system and data access permissions, but also regularly rolling back external file sharing,” said Jesse Levin , CEO of BetterCloud. “Tricent enables IT to automatically manage file sharing across thousands of users and millions of files, so businesses can collaborate responsibly across their operating ecosystem. The acquisition of Tricent strengthens our presence in EMEA and positions BetterCloud as the only unified solution that enables IT to manage the entire SaaS lifecycle, including SaaS user automation, spend optimization, and data file security.”
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BetterCloud also announced today a series of product innovations at Altitude 2024:
- Real-time license savings : BetterCloud’s deep understanding of SaaS spend and sophisticated user automation enable IT to reclaim licenses with the click of a button. Automated workflows, including employee notifications and manager approvals, mirror real-world processes. Realize instant savings by automatically reducing the number of hits on SaaS bills.
- Proactive employee empowerment : A self-service agent in Slack empowers employees to self-address common IT needs (password resets, access requests, etc.) and trigger user automation workflows, increasing employee satisfaction and IT productivity.
- Streamlined Advanced Workflows : Workflow branching allows IT professionals to integrate multiple workflow scenarios into a single flow, evaluate multiple sets of conditions, and take appropriate action, further increasing IT productivity.
These advanced capabilities reflect BetterCloud’s continued momentum and industry leadership. Today’s announcement by Tricent caps a year in which the company launched a record number of features and enhancements, and acquired and integrated its spend optimization product. Accelerating innovation and customer value also allowed the company to launch the platform’s first and only ROI guarantee. The BetterCloud 90-Day Triple ROI Guarantee assures new customers that they can quickly identify significant savings on their software spend.
BetterCloud Altitude 2024 brings together more than 150 professionals today in Times Square, New York City. It ’s the premier SaaS management conference designed for IT professionals looking to advance their organizations and careers. Now in its eighth year, Altitude is the destination where emerging industry leaders and leading experts converge to accelerate growth and innovation. This year, Mindy Lieberman , CIO of MongoDB, and Margaret Minter , CIO of Bazaarvoice, delivered keynotes, while GlobalPay, Voi, Kin, Definitive Healthcare, Bullhorn, and Green Dot Public Schools spoke in expert-led and customer-led sessions.
Source: PRNewswire