Private equity investment firm Inverness Graham said on Wednesday that it has acquired enterprise data management software maker Identity Finder, LLC.
Identity Finder’s software helps organizations discover and protect sensitive data such as personal information, medical records, credit card accounts, and intellectual property stored across the enterprise and the cloud.
Founded in 2006, New York City-based Identity Finder is also known for its number crunching analysis of data dumps from high profile breaches such as the recent Sony breach, and even the Stratfor breach back in 2011
“The combination of the explosion of data and the growing number of data breaches over the past few years has created a unique opportunity within the security software/SaaS segment, an area proactively targeted by Inverness Graham,” said Trey Sykes, Managing Principal of Inverness Graham. “Managing and reducing the sensitive data footprint greatly minimizes the risk of substantial losses, especially when data breaches are so commonplace in today’s environment. We are excited to partner with an outstanding management team, who retained a substantial ownership position and will continue to manage the business operations.”
“Our new partnership with Inverness Graham, with the relationships and resources they bring to bear, will enable us to drive growth and accelerate value for both our customers and shareholders,” said Todd Feinman, President and CEO of Identity Finder. “We will not only be able to accelerate the expansion of our product capabilities, but also substantially broaden our partnership opportunities with companies providing complementary product offerings.”
Newtown Square, Penn.-based, Inverness Graham has over $250 million of assets under management and acquires high growth manufacturing and services companies.
Terms of the acquisition were not disclosed.