JumpCloud Stock

The JumpCloud Directory Platform helps IT teams ‘make remote work happen’ (a term it has sought to coin) by centralizing management of user identities and devices, enabling small and medium-sized enterprises to adopt zero-trust (nothing is authentic, until it’s authenticated) security models. The company explains this as helping employees jump to their assets, whether this is someone working on their laptop with their applications authorized, as well as cloud assets that must be kept secure.

JumpCloud Inc., a directory-as-a-service technology platform, has acquired competing password-management system Myki for an undisclosed sum. The Louisville-based company, which achieved unicorn status last year with a $1-billion-plus valuation, said in a news release that it bought Myki for its managed service provider relationships, technology portfolio and engineering talent.

JumpCloud today announced winning gold in three categories of the 2022 Cybersecurity Excellence Awards; Multi-Factor Authentication, Secure Remote Access, and Policy and User Management. This recognition comes only days after the company announced its inclusion in G2’s 2022 Best Software Awards, and the addition of JumpCloud Patch Management to its cloud directory platform.