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Thoma Bravo Announces Completion of Strategic Growth Investment in Venafi

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.” ....

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Thoma Bravo Announces Strategic Growth Investment in Venafi

Thoma Bravo Announces Strategic Growth Investment in Venafi
on December 11 2020 12:00 AM
SAN FRANCISCO & SALT LAKE CITY (BUSINESS WIRE) #Cybersecurity 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 ....

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