Thycotic has released Secret Server Cloud, a comprehensive cloud-based privileged account management solution. Secret Server Cloud is engineered to keep organizations’ most valued assets in the cloud by allowing enterprises to discover, manage, and protect their privileged accounts. Along with the release of Secret Server Cloud, Thycotic has simultaneously made available a free version of the solution that gives organizations vault capabilities and active directory integration for up to 100 users — Secret Server Cloud Free.

According to The 2016 Gartner Market Guide for Privileged Access Management, by 2019, 30% of new PAM purchases will be delivered as a service or run in the cloud (up from less than 5% today). This growth suggests that the need for managed virtual infrastructure and cloud services will become more critical. Growing businesses require a mature focus on protecting the network and data from crippling threats that take advantage of unmanaged privileged accounts to gain undetected access to the network.