One Identity to spin out as standalone company with Cork HQ

One Identity said June 24, 2026, it plans to operate independently and name its Cork, Ireland office as its new global headquarters. The move is aimed at speeding its push in identity governance and privileged access management as AI and non-human identities expand the attack surface.

Why it matters: - Identity security is becoming a core cybersecurity control as organizations manage more identities, more cloud apps, and tougher compliance demands. - One Identity is betting that a standalone structure will let it move faster in a market shaped by AI, automation, and non-human identities. - The company is positioning Cork as the center of a broader European operating base.

What happened: - One Identity announced plans to become an independent company. - The company will designate its Cork, Ireland office as its new global headquarters. - The announcement was made June 24, 2026. - CEO Praerit Garg said the standalone structure gives One Identity the focus and speed needed to address identity security challenges.

The details: - One Identity said the combined identity governance and administration and privileged access management markets are worth about $10 billion. - KuppingerCole estimates the privileged access management market at $5.4 billion. - Gartner estimates the identity governance and administration market grew 10.7% between 2024 and 2025. - More than 80% of One Identity's engineering organization is based in Europe. - Key leadership roles are also based across Europe. - The company cited NIS2 and DORA as regulations that have raised identity governance requirements across Europe. - One Identity said it has grown alongside many of the region's largest enterprises. - The company has long-standing investment across the United Kingdom, Germany, Ireland and the broader European footprint. - Recent executive additions include Chief Financial & Operating Officer Mike Henricks, Chief Product & Marketing Officer Randy Menon and Chief Technology Officer Gihan Munasinghe. - Those executives will lead the company with Garg through the transition. - One Identity says it is trusted by 80 of the Fortune 100. - The company says it serves enterprises with flexible deployment options, from self-managed to fully managed. - One Identity says its solutions are designed to protect every identity, human and non-human, and align governance and compliance at scale. - The company lists the website More information. - The company's LinkedIn page is here.

Between the lines: - The move suggests One Identity wants to sharpen its identity-security story around a single market category rather than sit inside a broader corporate structure. - Cork's elevation reflects how much of One Identity's engineering and leadership footprint is already in Europe. - The emphasis on AI and non-human identities shows where the company sees the next wave of demand and risk.

What's next: - One Identity said additional milestones will be shared as the standalone transition continues through 2026. - The company will likely use the independence process to clarify leadership, operating structure and market positioning.

The bottom line: - One Identity is turning its European center of gravity into a standalone identity-security platform built for a market expanding beyond human users.