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TPG-Led Investor Group Announces Combination of Thycotic and Centrify to Create a Leading Cloud Identity Security Vendor

Press release content from Business Wire. The AP news staff was not involved in its creation. TPG-Led Investor Group Announces Combination of Thycotic and Centrify to Create a Leading Cloud Identity Security Vendor March 2, 2021 GMT SAN FRANCISCO & WASHINGTON & SANTA CLARA, Calif. (BUSINESS WIRE) Mar 2, 2021 TPG Capital, the private equity platform of alternative asset firm TPG, announced today that it has signed a definitive agreement to combine Thycotic, a next-generation, cloud-first company with innovative identity security solutions, and Centrify, a trusted PAM market leader. The combination creates a dynamic identity security provider offering scalable, world-class products in an environment where cyber-attacks are increasing in frequency and sophistication. The acquisition of Thycotic from Insight Partners and subsequent merger follows TPG’s previously announced acquisition of Centrify, which has now closed.

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TPG buys Thycotic, immediately merges it with Centrify to create ~$230m access management monster

TPG buys Thycotic, immediately merges it with Centrify to create ~$230m access management monster
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Thycotic and Centrify to Merge In $1 4B Deal

TPG Capital will combine privileged access management providers into one company.

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It s Official: Centrify-Thycotic Merger To Form Identity Superstar

It s Official: Centrify-Thycotic Merger To Form Identity Superstar
crn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crn.com Daily Mail and Mail on Sunday newspapers.

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TPG Agrees to Acquire a Majority Stake in Centrify from Thoma Bravo

Share: Seasoned software and security executive Art Gilliland to join Centrify as CEO TPG Capital, the private equity platform of global alternative asset firm TPG, today announced that it has signed a definitive agreement to acquire a majority stake in Centrify, a leading provider of modern privileged access management (PAM) solutions. TPG will acquire its stake from Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sectors. Terms of the agreement were not disclosed. In connection with the transaction, Art Gilliland has agreed to join Centrify as CEO . Gilliland brings a wealth of leadership experience in security and enterprise software, having most recently served as Head of Symantec Enterprise where he led the development, sales, delivery, and support of all security products and services delivered by the Symantec Enterprise Division. Gilliland succeeds Flint Brenton, who will transition from his role as President an

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