LabTech Adds First Password Management Application to Boost Security Protocol

TAMPA, Fla., Sept. 16, 2014 (GLOBE NEWSWIRE) -- LabTech Software, the only powerful, robust-featured remote monitoring and management (RMM) platform developed by an IT service provider for IT service providers, today announced integration with Thycotic Secret Server, an enterprise password management software that protects user credentials from external and insider threats. Through this addition, IT professionals can now reference shared credentials from a single information source on the LabTech platform, enabling them to quickly access secure client devices, protect privileged accounts and drive greater efficiencies.

"Security is at the forefront of everything we do at LabTech," said Matt Nachtrab, CEO, LabTech Software. "By expanding our offering to include a password management solution, we give LabTech partners the ability to strengthen their security posture and diminish exposure to risk."

Manufactured by Thycotic, Secret Server is used by IT service providers worldwide to secure passwords and other sensitive data as a way to increase security, improve productivity and reduce potential for harmful breaches. The technology allows risk mitigation professionals to store, organize and manage privileged and confidential accounts in an on-domain, web-based vault. Additional benefits include:

  • Improved Efficiency – lost passwords should not cause work to be halted, with Secret Server, passwords are easily accessible, but stored securely.
  • Strong Adoption Rates – Secret Server provides an intuitive user interface which allows for smooth adoption and makes it easier to enforce password best practices.
  • Compliancy – software meets compliance requirements by bringing full accountability to the use of privileged, shared account passwords.

"Organizations are facing mounting security threats on a daily basis, as evidenced by the constant headlines of yet another company data breach," noted Jonathan Cogley, CEO of Thycotic. "By combining the remote monitoring features of LabTech with Secret Server's privileged account management capabilities, IT administrators can now secure, store, distribute, monitor and audit user credentials through a single interface."

LabTech Software strives to extend the value of the LabTech RMM platform for its partners by aligning with industry-leading technology providers to offer integrated solutions. Each new product offered integrates with LabTech to leverage the power of automation and provides its partners with more choices to suit specific needs.

To learn more about the LabTech-Secret Server integration, please visit www.labtechsoftware.com/thycotic.

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About LabTech Software

LabTech Software is the developer of the only remote monitoring and management (RMM) platform developed for IT service providers by IT service providers. Designed and developed by system administrators with years of experience in the IT services industry, LabTech's focus is to drive the power of IT automation. This affordable agent-based platform closely emulates what technicians do in the field by performing IT support and management tasks and processes remotely, efficiently and non-intrusively. LabTech is the most powerful, feature-rich and widely-sought RMM platform in the IT service provider space today. For more information please visit www.labtechsoftware.com or call 877-522-8323.

About Thycotic

Thycotic creates intuitive, reliable solutions that empower companies to remove the complexities associated with proper control and monitoring of privileged accounts. A 2013 Inc. 5000 company, Thycotic is trusted by more than 100,000 IT professionals worldwide – including members of the Fortune 500, enterprises, government agencies, technology firms, universities, non-profits and managed service providers. For more information please visit www.thycotic.com.

CONTACT: Matt Weaver Greenough for LabTech Software mweaver@greenoughcom.com 617.275.6514