Thoma Bravo Announces Strategic Growth Investment in Venafi
SAN FRANCISCO and SALT LAKE CITY December 10, 2020 Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, today announced a strategic growth investment in Venafi
®, the inventor and leading provider of machine identity management, valuing the company at $1.15 billion. Thoma Bravo’s investment is expected to accelerate Venafi’s technology innovation to capitalize on machine identity management’s growing importance as a cybersecurity trend. Existing investors, TCV and Foundation Capital, will remain shareholders.
“Machine identity management is a top priority in cybersecurity because it is foundational for digital transformation,” said Jeff Hudson, CEO of Venafi. “Humans use usernames and passwords to identify themselves to machines. Machines also need to identify themselves to each other, but they use machine identities. Venafi created the ca