SecurityWorldMarket

20/10/2019

Clearlake Capital completes Digicert acquisition

Lehi, Ut

Clearlake Capital Group, L.P. and TA Associates have completed their previously announced investment in Digicert. Terms of the deal are not being disclosed.

“Digicert is excited to work with Clearlake and TA Associates as our new lead investors, and to continue our leadership in providing the best TLS/SSL products and solutions, focused on improving and automating certificate management,” said Digicert CEO John Merrill. “We are confident in our vision for growth and the increasing value we’ll bring to our customers.”

TA Associates made its first investment in Digicert seven years ago.

“TA has had a front-row seat to Digicert’s impressive rise as the industry leader in its space, and we look forward to continuing to work closely with the management team to invest in and support Digicert’s innovation and growth efforts,” said Jason Werlin, a Managing Director at TA Associates. “Digicert has a unique opportunity to capitalise on new growth initiatives that we believe will help them better serve their customers and their industry.”

“Digicert has an exciting business and a compelling vision for internet security based on the company’s legacy of innovation and roadmap for building trust in identity and digital interactions,” said Behdad Eghbali, Co-Founder and Managing Partner, and Prashant Mehrotra, Partner, of Clearlake. “We are ready to leverage Clearlake’s O.P.S. framework to help the company to continue to build upon its product offerings for customers and fuel new growth through organic investments and acquisitions.”


Tags


Product Suppliers
Back to top