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Centrify Lands $16 Million to Expand Cloud Security Offerings

Centrify Corporation, a provider of Active Directory-focused security and compliance solutions, today announced that it has raised $16 million in a Series D round of financing. The funding announced today brings the total funding raised to date to $52 million.

Centrify LogoThe funding round follows a record year for the Sunnyvale, California based company in terms of revenue and profitability. It plans to use the fresh cash injection to expand distribution of its solutions and to accelerate growth in new areas, including cloud environments.

Centrify helps organizations control, secure and audit access to cross-platform systems and applications mainly through leveraging and extending Microsoft Active Directory, a very widely deployed technology.

The Series D round was led by Index Ventures led, with current investors Mayfield Fund, Accel Partners, INVESCO Private Capital and Sigma Partners also participating in the round. Mike Volpi, Index Ventures partner and former senior executive at Cisco, served as the lead investor on the round. In its previous round of funding, the company raised $15 million in March 2007.

“Customer acquisition and our growth have been very encouraging for us,” said Centrify CEO Tom Kemp. “We were also pleased with the tremendous interest from the investment community in Centrify and their validation of our opportunity going forward. Index and Mike Volpi are the ideal partners for Centrify and we look forward to leveraging their expertise as we expand our market leadership of securing on-premise systems to also securing infrastructure and applications deployed in the cloud.”

The company claims more than 3,500 organizations as customers and says it has experienced sales growth of approximately 75 percent over its prior fiscal year.

Previous Centrify Funding Rounds Include:

• Series A: June 2004 Raising $7

• Series B: July 2005 Raising $14 million

• Series C: March 2007 Raising $15 million

• Today’s Series D: $16 million

Read More in SecurityWeek's Cloud Security Section