Thoma Bravo completed its strategic growth investment in Venafi, a Salt Lake City, UT-based provider of machine identity management solutions.
The deal valued the company at $1.15 billion.
Financing for the transaction was provided by Truist Securities, Interbank, Nomura Corporate Funding Americas LLC and Barclays. Existing investors, TCV and Foundation Capital, will remain shareholders.
The investment is expected to accelerate Venafi’s technology innovation.
Led by Jeff Hudson, CEO, Venafi is a provider of solutions for machine identity management, securing machine-to-machine connections and communications. The company’s platform protects machine identity types by orchestrating cryptographic keys and digital certificates for SSL/TLS, SSH, code signing, mobile and IoT providing global visibility of machine identities and the risks associated with them for the extended enterprise—on premises, mobile, virtual, cloud and IoT—at machine speed and scale. With more than 30 patents, the company delivers innovative solutions for the world’s most demanding, security-conscious Global 5000 organizations and government agencies.