senhasegura Expands Global Reach, Launches Next-Generation PAM Offering In North America

senhasegura, a leading provider of Privileged Access Management (PAM) solutions, officially launched its North American operations with new offices in San Francisco and New York. senhasegura, which translates to ‘secure passwords’ in Portuguese, offers a powerful, best-in-class PAM solution that helps secure an enterprise’s increasingly complex mix of privileged users and machines. senghasegura’s PAM offering is widely recognized by industry analysts for its advanced technical features and by customers for its intuitive, easy-to-use design and low cost of ownership. With its official expansion into the North American market, senhasegura protects thousands of privileged users in more than 55 countries around the world.

According to Verizon’s 2022 Data Breach Investigations Report, privileged access abuse is still one of the leading causes of data breaches, especially as it pertains to ransomware attacks. Privileged Access Management (PAM) is increasingly seen as a critical security technology; Gartner forecasts the market to grow to 2.9 billion by 2024.

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“I’m proud of the success that our company has achieved in Latin America and beyond, and I’m excited to expand our global footprint into the North American market,” said Marcus Scharra, Co-Founder and Co-CEO of senhasegura. “Enterprises around the world are struggling to secure an increasingly complex environment that includes human and machine users, IoT devices, DevOps operations that demand security layers, API connections, and the cloud. Leveraging our global experience and perspective, senhasegura is committed to developing forward-looking, modern PAM solutions that help create secure, resilient organizations and ensure their digital sovereignty.”

Over the last 12 months senhasegura has achieved tremendous growth and success, including the following milestones:

• Over 67 percent year over year revenue growth and 340 percent growth over the past 4 years
• 89 percent growth in customer base, with customers in +55 countries across 5 continents
• The closing of a multi-million-dollar, multi-year project to provide Privileged Access Management for Brazil’s largest national defense contractor
• Increased sales channel and market penetration with more than 150 partners, in over 40 countries, with a year over year growth of 81 percent
• Market leader in Latin America with 39 percent share of PAM market
• Named a Leader for the 4th consecutive year, in the 2022 ISG Provider Lens Quadrant Report for Identity and Access Management
• Awarded the 2022 Frost & Sullivan PAM Best Practices Customer Value Leadership Award
• Named a Market Champion and Product Leader in the 2021 KuppingerCole PAM Leadership Compass
• According to Gartner Peer Insights, received a 5 out of 5 overall rating and 100% rate for Willingness to Recommend over the last 12 months
• Expanded executive team and grew overall company employees by 32% percent in the past year
• Introduced one of the industry’s first DevOps Secrets Manager
• Developed a microservices-based platform that allows for continuous updates without downtime
• Introduced a cloud-native PAM solution, which increases availability and resiliency over on-prem solutions, and can be deployed much more quickly by customers

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