Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

PE Firm Thoma Bravo Buys Majority Stake in Centrify

Private equity investment firm Thoma Bravo said it will acquire a majority interest in identity and access management (IAM) solutions firm Centrify.

Private equity investment firm Thoma Bravo said it will acquire a majority interest in identity and access management (IAM) solutions firm Centrify.

Financial details of the transaction were not disclosed, and the transaction is expected to close in the third quarter of this year.

Founded in 2004, Centrify has raised a total of $94 million in funding to date, and offers a unified platform that provides Privileged Identity Management (PIM) and Identity-As-A-Service (IDaaS). 

The Santa Clara, California-based company serves over five thousand customers around the world in industries including defense, banking, energy, retail, manufacturing and health care.

Thoma Bravo has made several large investments in the cybersecurity space over the years. In May 2018, it announced that it would acquire a majority interest in Security Information and Event Management (SIEM) solutions vendor LogRhythm. Other cybersecurity investments include SonicWall, SailPoint, Hyland Software, Deltek, Blue Coat SystemsImprivata, Bomgar, Barracuda Networks, Compuware and SolarWinds.

“With Thoma Bravo’s extensive sector experience and insight in the enterprise security software space, Centrify is in a strong position to provide our products, services and unique expertise to meet the rising need for identity-based cybersecurity technology in today’s global environment,” Tom Kemp, co-founder and CEO of Centrify, said in a statement.

Written By

For more than 15 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is founder and director of several leading cybersecurity industry conferences around the world.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Learn how to utilize tools, controls, and design models needed to properly secure cloud environments.

Register

Event: ICS Cybersecurity Conference

The leading industrial cybersecurity conference for Operations, Control Systems and IT/OT Security professionals to connect on SCADA, DCS PLC and field controller cybersecurity.

Register

People on the Move

SaaS security company AppOmni has hired Joel Wallenstrom as its General Manager.

FTI Consulting has appointed Brett Callow as Managing Director in its Cybersecurity & Data Privacy Communications practice.

Mobile security firm Zimperium has welcomed David Natker as its VP of Global Partners and Alliances.

More People On The Move

Expert Insights