THG Lists IDTrust on IBM Cloud Catalog in Global Partnership

Oppenheimer initiated coverage of cybersecurity firm SailPoint with an Outperform rating and a $30 price target, sending shares up 1.3% in premarket trading on Wednesday. Analyst Ittai Kidron wrote that SailPoint offers differentiated technology well-positioned for a critical role in AI agent identity security, and that AI security adoption offers meaningful upside versus management's FY29 ARR target that is mismodeled by consensus. Kidron noted that strong management execution could drive share appreciation despite the roughly 85% ownership overhang from private equity firm Thoma Bravo, and said a strategic buyer may emerge if the valuation discount versus peers persists. He added that SailPoint's shift to software-as-a-service from on-premises represents roughly $1B in incremental annual recurring revenue, which could pressure near-term reported revenue and free cash flow but strengthens recurring revenue growth and long-term margins. Over a 12-18-month horizon, Kidron said he anticipates AI security proof points to emerge along with positive revenue and ARR revisions and multiple expansion toward the 11x multiple embedded in his price target.

A new survey from Yubico and Okta found that 43% of cybersecurity and IT professionals still rely on passwords at work even though most know passkeys are more secure. The annual 2026 Global State of Authentication report, conducted by Talker Research, surveyed nearly 2,000 cybersecurity and IT professionals across nine countries, and found that 52% inherited passwords on their first day, establishing legacy onboarding defaults that dictate long-term security habits. The survey also found that 44% suffered an AI-driven attack in the last 12 months, with Singapore experiencing the highest rate globally at 58%, compared with Japan at 30% and Germany at 38%, while 39% of security professionals failed to distinguish AI-generated text from human writing. India at 68%, Australia at 60%, and the U.S. at 56% showed the highest proportion of workers very familiar with passkeys, yet 50% of U.S. security pros still use passwords at work, leading all surveyed markets in legacy password dependency. Yubico and Okta said they are partnering to streamline how enterprise identity systems issue, manage, and enforce hardware-backed credentials, embedding phishing resistance into modern access management platforms to help IT teams eliminate password dependencies without adding operational friction.

Tiny Ltd. has completed its acquisition of the assets comprising Oso Cloud, an enterprise software business specializing in authorization and access control, for approximately $1.9 million in cash consideration. The deal closed on October 1, 2026, and was funded with Tiny's balance sheet cash, comprising approximately $1.2 million paid at closing and an aggregate holdback of approximately $0.7 million for transition services and transaction adjustments. Founded in 2019, Oso Cloud had approximately $5.3 million in annualized recurring revenue at closing and served approximately 80 customers in security, fintech and developer software on recurring subscription contracts, including several multi-year agreements. Including Oso Cloud, Tiny's pro forma annualized recurring revenue would rise approximately 7.6 percent, from $70.0 million to approximately $75.4 million. Chief Executive Officer Austin Singhera said controlling access to sensitive data and critical systems is fundamental to how large enterprises operate securely, especially as new applications and AI tools reshape how work gets done.

Forter announced it is a launch partner for Salesforce Commerce's new Storefront Next offering, extending its trust intelligence across more Salesforce commerce offerings. Brands adopting Storefront Next gain Forter's fraud prevention, abuse protection and payment optimization across every path to purchase the platform supports, including its Shopper Agent and Commerce Cloud Client experiences. Forter is also teaming with Salesforce to protect loyalty programs, combining Forter's Account Protection with Salesforce Loyalty Management to block bad actors, account takeovers and policy abuse. The expansion follows Forter being named Salesforce's 2027 Partner of the Year for Transform & Scale. Forter said the collaboration will be shown at its IMPACT 2026 conference on Oct. 14 in New York City.