Netwrix, a Frisco, TX-based cybersecurity vendor focused on data security, received a strategic investment from Centerbridge Partners.
The amount of the deal was not disclosed. The transaction is expected to close in the third quarter of 2023. TA Associates remains the majority shareholder, with members of Netwrix’s senior management team and Updata Partners retaining minority positions in the business.
The company intends to use the funds to expand operations and its business reach of its data security solutions.
Led by Steve Dickson, CEO, Netwrix provides solutions that help security professionals identify and protect sensitive data to reduce the risk of a breach, and detect, respond to and recover from attacks, limiting their impact. The company’s offerings span data access governance (DAG), identity and access management (IAM), privileged access management (PAM) as well as Active Directory security and Ransomware protection. More than 13,000 organizations worldwide use Netwrix’ solutions to strengthen their security and compliance posture across all three primary attack vectors: data, identity and infrastructure.
FinSMEs
09/05/2023