Thoma Bravo Invests in Security Firm DigiCert
The private equity firm takes a majority interest in leading SSL/TLS certificate authority vendor DigiCert.Private equity firm Thoma Bravo is once again wading into the security arena, this time picking up a majority interest stake in security vendor DigiCert. As part of the deal, in which financial terms have not been publicly disclosed, Thoma Bravo is acquiring the majority interest in DigiCert, with existing shareholder TA Associates remaining on-board as a minority shareholder. Current management at DigiCert will remain in place to oversee day-to-day operations. "DigiCert represents an outstanding investment opportunity to back a market leader with a tremendous management team in a sector we know well," Seth Boro, managing partner at Thoma Bravo, said in a statement. DigiCert has emerged in recent years to become one of the world's leading Secure Sockets Layer/Transport Layer Security (SSL/TLS) certificate authorities. SSL/TLS is the foundational technology used to encrypt data in motion across the Internet. Having proper valid certificate authority (CA)-issued SSL/TLS certificates is key to maintaining the integrity and authenticity of the SSL/TLS system. DigiCert is a well-known and well-respected CA, and its customer base includes IBM, Sony, Facebook, VMware, Intel and Harvard University.
DigiCert itself acquired the CyberTrust Enterprise SSL business from Verizon Enterprise Solutions in June of this year. As part of the Verizon transaction, DigiCert gained new technologies and customers, as well as control of several root certificates along with intermediate certificates that Verizon had been managing.