Thoma Bravo Announces Completion of Strategic Growth Investment in Venafi
SAN FRANCISCO & SALT LAKE CITY–(BUSINESS WIRE)–#Cybersecurity–Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sectors, today announced the completion of its strategic growth investment in Venafi
®, the inventor and leading provider of machine identity management.
“We are thrilled to partner with Thoma Bravo at a time when companies around the world are realizing that the foundation of security for all digital transformation initiatives is a solid machine identity management program,” said Jeff Hudson, CEO of Venafi. “Thoma Bravo’s strategic investment will allow us to build on this momentum and deliver machine identity protection solutions to an expanded customer base, while continuing to drive product innovation and growth.”
Whether they worked with her, taught with her, volunteered with her or served with her, friends and colleagues of longtime educator and public servant Pam Thomas remembered one thing: her love for Onslow County.
“Pam was a pillar of our community, a mentor and a leader,” Onslow County Board of Education member Ken Reddic said.
Onslow County’s education community lost a great advocate with Thomas’ death and the community as a whole lost a great public servant, Reddic said.
Thomas, who was admitted to the hospital in late November after being diagnosed with COVID-19, died early Sunday morning.
Thomas worked as a teacher, coach and supervisor with Onslow County Schools for 34 years and after her retirement was elected to the Board of Education. She joined the school board in 2004 and served as chairman from 2010 until her final term, which ended this month.
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
Machine Identity Management Unicorn: Thoma Bravo Majority Stake Drives Venafi Valuation To $1.15B
“Thoma Bravo invests in category creators and leaders,” said Venafi CEO Jeff Hudson. “That ($1.15 billion) valuation is a good valuation. It makes us a Unicorn.This is a pivotal moment for us. We have done a lot to get to this place and now the market is exploding.” By Steven Burke December 10, 2020, 07:22 PM EST
Private equity powerhouse Thoma Bravo continued its security software investment blitz by buying a majority stake in machine identity management software provider Venafi.
The controlling stake officially marks Venafi’s debut as a “unicorn” with the privately held company’s valuation breaking the $1 billion barrier to $1.15 billion.
Thoma Bravo kündigt strategische Wachstumsinvestition in Venafi an finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.