Courion, a Westborough, MA-based provider of intelligent identity governance and administration (IGA) solutions, received a strategic equity investment from K1 Investment Management.
The amount of the transaction was not disclosed.
The company is using the funds to grow its sales organization and expand operations by hiring staff for a variety of positions.
Led by Chris Papadakis, Chief Operating Officer, Kurt Johnson, Vice President of Corporate Strategy, and Chris Sullivan, Vice President of EMEA Operations, Courion provides identity governance and administration (IGA) solutions, from provisioning to governance to identity analytics and intelligence (IAI). The company’s products are used by large enterprises and organizations from a variety of industries such as financial services, manufacturing, education and healthcare to provide open and compliant access to thousands of employees while protecting critical company data and assets from unauthorized access. Courion has offices and operations in the USA, Europe, Middle East and Asia.