Thoma Bravo Completes Majority Investment in Centrify
SAN FRANCISCO and SANTA CLARA, Calif., Aug. 15, 2018 — Thoma Bravo, a leading private equity investment firm, today announced that it has become the majority investor in Centrify, the market-leading next-generation Identity & Access Management platform. Thoma Bravo acquired the interest from Centrify’s venture capital investors, led by Mayfield, Accel Partners, Jackson Square Ventures and Index Ventures. Financial details were not disclosed.
Founded in 2004 and headquartered in Santa Clara, Calif., Centrify serves over five thousand customers spanning the public and private sectors, including blue-chip Global 2000s, across diverse industries such as defense, banking, energy, retail, manufacturing and health care and is the only “Leader” in both The Forrester Wave™ Privileged identity Management (PIM) and Identity-As-A-Service (IDaaS) reports.
“We consider Thoma Bravo to be the premier partner when it comes to investing and growing cybersecurity companies,” said Tom Kemp, CEO at Centrify. “Working alongside their team, we’re confident that 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.”
“Centrify has the qualities of a sweet-spot investment for us,” said A.J. Rohde, a Partner at Thoma Bravo. “We get to partner with a team who has built the company from scratch, in a market that we believe is among the most strategic in security, and get to work in partnership to implement our process to grow the company organically and inorganically given market fragmentation.”
Kirkland & Ellis served as Thoma Bravo’s legal advisor, and Golub Capital provided financing for the transaction. Sidley Austin is Centrify’s legal advisor, and Barclays served as its financial advisor.