DLA Piper has advised cybersecurity provider Netwrix on its acquisition of MATESO, a software manufacturer based in Germany that develops, sells and supports a product that enables customers to reduce the risk of a data breach by securing access to employee credentials. The parties have agreed not to disclose the purchase price.

With this acquisition, Netwrix deepens its expertise in password management and strengthens its position in the identity and access management (IAM) market. Netwrix also enhances its technical capabilities in the Protect function of the NIST Cybersecurity Framework. Netwrix already has a next-generation privileged access management (PAM) solution — Netwrix SbPAM — that covers privileged accounts. MATESO’s password management application complements it by securing all other credentials while minimizing employee cybersecurity fatigue.

Netwrix was founded in 2006 and is headquartered in Irvine, California, USA. More than 11,500 organizations worldwide rely on Netwrix solutions to secure sensitive data, realize the full business value of enterprise content, pass compliance audits with less effort and expense, and increase the productivity of IT teams and knowledge workers.

DLA Piper’s core team, led by partner Dr Nils Krause and counsel Dr Moritz von Hesberg included senior foreign associate Dan Li (all Hamburg) and senior associate Alexander Kath (Cologne, all Corporate/M&A). The team also comprised partners Dr Henriette Norda (Employment), Dr Justus Herrlinger (Antitrust, both Hamburg), Dr Burkhard Führmeyer (IPT), Dr Björn Enders (Tax, both Frankfurt), and Prof Dr Ludger Giesberts (Public Law, Cologne), counsel Miray Kavruk (IPT, Frankfurt), Georg Haberkorn (Pensions, Munich) and Dr Thilo Streit (Public Law, Cologne), senior associates Katharina Fischer (Employment, Hamburg) and Alexander Lamers (Real Estate, Frankfurt) as well as associates Annika Heinz (Employment), Ekaterina Filikhina, Dr. Richard Falk (both IPT, all Munich), Louisa Arlette Maier-Witt (Litigation & Regulatory, Hamburg), Clemens Daniel Schlotter (Corporate/M&A, both Hamburg), Dario Westarp (Litigation & Regulatory, Cologne) and Rainer Hartmann (Tax, Frankfurt).