Thoma Bravo has invested an undisclosed amount in identity management start-up Venafi, transporting it to unicorn status.
Venafi provides machine identity management. Essentially, this means it provides global visibility of machines’ identities, as well as the risks associated with them. Be that on premises, mobile, virtual, cloud and Internet of Things (IoT).
[CEO of Venafi:] “They [Thoma Bravo] are investing right at time when we have gone from nobody knowing anything about this when I joined the company to now it is taking off… For the channel this is really great because we are just now seeing the world’s corporations starting to get into this, because of the proliferation of machines.”