Centrify Sets Out on New Course with Single Financial Backer

Company converges identity-as-a-service and privileged identity solutions into a unified Next-Gen Access platform for Zero Trust Security. Centrify, an established star in the enterprise security software business and the technology behind Samsung’s on-device Knox identity and access management platform, has simplified the financial foundation for its business. Thoma Bravo, a high-profile private equity investment firm, on July 10 announced it will acquire a majority interest in Centrify from its venture capital investors, led by Mayfield, Accel Partners, Jackson Square Ventures and Index Ventures. The transaction is expected to close in the third quarter of this year; financial details of the transaction were not disclosed. “While we loved our venture capital partners, it is a lot simpler and easier to run the business when you’re dealing with one big checkbook,” CEO Tom Kemp told eWEEK. “TB is very experienced at this, especially in the security sector, and having them as our backers gives us a lot of flexibility in how we operate going forward. They’ve taken companies to successful exits, including IPOs, so we’ll see where this takes us.”