Balabit was a Hungarian security firm specializing in the development of IT security systems and related services that help businesses reduce the risk of data breaches associated with privileged accounts. Balabit claims to have more than 1,000,000 corporate users worldwide. The company operates globally with offices across the United States and Europe, together with network of reseller partners. In January 2018, Balabit was acquired by One Identity, a U.S.-based provider of identity and access management solutions.