• US-based cloud management platform JumpCloud has acquired the Lebanon-born cyber security company MYKI for an undisclosed amount.
• Founded in 2015 by Priscilla Elora Sharuk and Antoine Vincent Jebara, the now US-based startup is an offline password manager and authenticator that stores users’ passwords, payment cards, notes and IDs, offline and away from the cloud.
• MYKI’s acquisition will provide the JumpCloud platform with superior security, ease of use, and value to its customers, according to JumpCloud’s CEO and founder, Rajat Bhargava.

Press release:

JumpCloud today announced it has acquired MYKI for its technology portfolio, engineering talent, and strong MSP relationships.

“Our directory platform is rapidly becoming the new IT backbone, centralising critical functions around security, access, and identity management,” said Rajat Bhargava, CEO and founder of JumpCloud. “SME IT leaders know that a consolidated platform that handles user access to critical organization data and applications – from any device and anywhere – is far superior to using disparate point solutions in a patchwork approach that is not as robust and certainly not as easy to deploy. The MYKI team shares our vision for the importance of a directory platform. And, they are bringing a wealth of technological innovations and strong engineering talent that will enhance the JumpCloud platform and deliver superior security, ease of use, and value to our customers.”

A cloud directory platform plays a vital role in today’s environment of remote and hybrid work, increasing security threats, and employees who demand the freedom to use the devices they want from the locations where they want to work. JumpCloud’s acquisition of MYKI will accelerate the company’s expansion of its cloud directory platform with great technology, people, and distribution relationships.

JumpCloud did not disclose the terms of the deal, which has already closed. MYKI employees have all been offered employment with JumpCloud. Current MYKI MSPs are being invited to join the JumpCloud MSP programme.