The combined company has now begun integrations and will operate under the temporary name ThycoticCentrify. Now more than ever, organizations are looking to strengthen their capabilities to ensure improved protection from the ever-increasing risk of cyber-intrusions. Backed by TPG Capital, Delinea was formed in April 2021 through the merger of established PAM leaders Thycotic and Centrify. The combined company has now begun integrations and will operate under the temporary name ThycoticCentrify. TPG has long believed that this sector is poised for rapid growth, and we believe this new company will drive the adoption of this essential software., Aruba, a Hewlett Packard Enterprise Company, AMD & Supermicro Performance Intensive Computing, purchase Washington D.C.-based Thycotic from Insight Partners, TPG Capital To Buy Thycotic For $1.4B, Merge It With Rival Centrify: Report. "The accelerated use of cloud services has skyrocketed in recent years, and we believe ThycoticCentrify is uniquely qualified to meet the evolving identity security needs across all industries," said Art Gilliland, CEO, ThycoticCentrify. As Delinea, we look forward to welcoming new customers on board, and providing our existing customers with an even more extensive range of privileged access management solutions, and the same customer-centric service and support theyre accustomed to. With their world-class leadership, we remain extremely bullish on Thycotic and Centrifys combined future.. Our customers range from small businesses to the world's largest financial institutions, intelligence agencies, and critical infrastructure companies. About TPGTPG is a leading global alternative asset firm founded in 1992 with more than $91 billion of assets under management and offices in Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul, and Singapore. ThycoticCentrify expects to debut a new brand in the second half of 2021, which references both companies' rich legacies and communicates modern identity security. Evercore declined to comment, while Thycotic, Centrify, TPG and Insight Partners didnt immediately respond to CRN requests for comment. Davis Polk & Wardwell served as legal counsel to TPG, and Willkie Farr & Gallagher served as legal counsel to Insight Partners. Thycotic empowers more than 12,500 organizations across the world to manage privileged access and has a history of deployment speed and leadership in the cloud. TPG Capital has agreed to purchase privileged access management (PAM) vendor Thycotic for $1.4 billion and combine it with recently acquired competitor Centrify, PE Hub reported. after an extensive rebranding exercise. Our combined organization will deliver comprehensive PAM solutions built in the cloud, for the cloud that our customers require to enable their business transformation.. The company increased its global channel sales by 28 percent and partner deal registrations by 17 percent in 2020 thanks to new educational initiatives, enhanced customer service and marketing support for partners, Thycotic said. Your email address will not be published. San Francisco, Washington DC, and Santa Clara, Calif. March 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 . Conversational Geek eBooks provide best practices for organizations to accelerate PAM maturity for New Conversational Geek eBook provides best practices to protect servers from cyberattacks. Privileged access management (PAM) innovator Thycotic has confirmed that its integration with Centrify has begun in earnest, following the TPG Capital-driven merger announced in March. is a registered trademark of Thycotic Software, LLC. Gilliland will serve as the CEO of the newly expanded business. With the ongoing support and resources of TPG Capital, ThycoticCentrify is well-positioned for continued growth. Delinea Inc. (formerly Centrify Corporation) 2022. The purchase of Thycotic by TPG Capital and its plan to merge the company into its existing property, Centrify, is one of investments that don't immediately fit into the first category. The move. Toronto, Ontario, Canada Account Manager . to form a leading cloud identity security vendor. We are providing privileged access without the excess.. ThycoticCentrify is trusted by over 14,000 leading organizations around the globe including over half of the Fortune 100, and customers include the worlds largest financial institutions, intelligence agencies, and critical infrastructure companies. The top alternatives for Centrify cyber-security tool are Stripe Identity with 78.65%, Symantec with 10.67%, McAfee with 4.79% market share. The combination of Thycotic and Centrify creates a leader in one of the most important and strategic sub-sectors of security software, said Tim Millikin, a partner at TPG Capital. The combined company will deliver one of the most comprehensive product offerings in the business with the ability to adopt and scale to meet the evolving needs of customers.. February 1, 2022 TPG Capital acquired Thycotic and Centrify in early 2021. James Legg, who has led Thycotic since July 2015, will be named president of the combined business. TPGs investment platforms are across a wide range of asset classes, including private equity, growth equity, impact investing, real estate, secondaries, and public equity. Discover, manage, protect and audit privileged account access, Detect anomalies in privileged account behavior, Manage credentials for applications, databases, CI/CD tools, and services, Discover, secure, provision, and decommission service accounts, Manage identities and policies on servers, Workstation endpoint privilege management and application control, Monitor, record and control privileged sessions, Secure remote access for vendors and third-parties, Seamlessly extend Privileged Access Management to provide just-in-time access with easy, adaptive controls, Seamless privileged access without the excess, Here to help you define the boundaries of access, Proven leader in Privileged Access Management, We work to keep your business moving forward, Implement and operationalize PAM programs, Making your privileged access goals a reality, Try one of our PAM solutions free for 30 days, Free Privileged Account Security and Management Tools, Were here to give you pricing when youre ready, ThycoticCentrify is now Delinea, a Privileged Access Management Leader Providing Seamless Security for Modern, Hybrid Enterprises. About CentrifyCentrify delivers modern Privileged Access Management (PAM) solutions based on Zero Trust principles to enable digital transformation at scale. Darber sprach Netzpalaver via Remote-Session mit Thomas Mller, DevOps Technical Spe.- Oua o Interview mit IBM - Was luft schief in puncto Security bei DevOps? de Netzpalaver Podcasts instantaneamente no seu tablet, telefone ou navegador - sem fazer qualquer download. Santa Clara, Calif. and Washington, D.C. April 13, 2021 Thycotic, a leading provider of privileged access management (PAM) solutions for more than 12,500 organizations worldwide, and Centrify, a leading provider of modern privileged access management solutions to over half of the Fortune 100, today announced that the companies have completed their previously-announced merger to form a . The merger's completion marks a time of significant momentum for ThycoticCentrify, following TPG Capital's acquisitions and subsequently-announced combination of the companies in the first quarter of 2021. ThycoticCentrify's deployment speed and PAM-as-a-Service offerings, paired with its strong identity bridging capabilities and deep experience operating in highly complex environments, creates one of the broadest SaaS offerings that enables organizations of all sizes to meet the needs of their customers in an efficient, safe, and compliant way. Centrify and Thycotic: PAM Merger Chatter TPG Capital acquired Centrify from Thoma Bravo in January 2021. In April 2021, we announced that Centrify and Thycotic merged to become one: ThycoticCentrify. Register to Play in the Bracket Challenge! The company generated $120 million in revenue - $100 million of which is recurring on an annual basis - and is nearly breakeven on earnings before interest, taxation, depreciation and amortization (EBITDA), according to PE Hub. For more information, visit www.tpg.com and on Twitter @TPG. ThycoticCentrify's industry-leading privileged access management (PAM) solutions reduce risk, complexity, and cost while securing organizations' data, devices, and code across cloud, on-premises, and hybrid environments. Okta is acquiring Auth0 for identity, single sign-on, multi-factor authentication and passwordless security technologies. Financial terms were not disclosed. When typing in this field, a list of search results will appear and be automatically updated as you type. This cloud-centric business transformation has created more opportunities for cyber-attackers and driven a greater need for better control and compliance around these types of accounts. Thycotic and Centrify 2021. Delineas solutions grant access to an organizations most critical data, devices, code, and cloud infrastructure using a centralized dashboard. Meanwhile, Centrify in October 2018 named Tim Steinkopf as its next CEO, replacing Tom Kemp, who co-founded the company in 2004 and grew it to nearly 500 employees during his almost 15 years as CEO. The accelerated use of cloud services has skyrocketed in recent years, and we believe ThycoticCentrify is uniquely qualified to meet the evolving identity security needs across all industries, said Art Gilliland, CEO, ThycoticCentrify. With the ongoing support and resources of TPG Capital, ThycoticCentrify is well-positioned for continued growth. Note: Because Centrify and Thycotic are still in the process of completing their upcoming merger, they are listed separately here. For more information, visit www.tpg.com or @TPG on Twitter. Backed by the financial strength of TPG Capital, the combined company brings together complementary product capabilities, best-in-class technology, and deep expertise to better enable and protect the modern, hybrid enterprise in an environment defined by ever-increasing, identity-based cyber-attacks. Thycotic and Centrify to Merge In $1.4B Deal TPG Capital will combine privileged access management providers into one company. TPG in January announced its intention to acquire a majority stake in privileged access management (PAM) vendor Centrify from fellow private equiteer Thoma Bravo. The acquisition of Thycotic from Insight Partners and subsequent merger follows TPG's previously announced acquisition of Centrify, which has now closed. The combination of Thycotic and Centrify creates a leader in one of the most important and strategic sub-sectors of security software, TPG Capital Partner Tim Millikin said in a statement. 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