DigiCert, Inc., a provider of TLS/SSL, PKI and IoT security solutions for identity and encryption, received a strategic growth investment of undisclosed amount.
Backers included Clearlake Capital Group and TA Associates. As a part of the transaction, the two firms will become equal partners in DigiCert.
Jason Werlin, a managing director at TA Associates, will become chairman of the DigiCert Board of Directors upon the closing of the transaction, and Hythem El-Nazer, a managing director at TA, will join the Board of Directors.
The transaction is expected to close in the second half of 2019, pending customary regulatory approvals and closing conditions.
The company will continue to be led by CEO John Merrill and the current management team, who are investing alongside Clearlake and TA in the transaction.
DigiCert provides certificate management platforms and customer support in multiple languages through a diverse staff, with offices located across the globe. The company combines a modern infrastructure with locally focused solutions to enhance security for its customers anywhere they conduct business and in compliance with local requirements.
FinSMEs
09/07/2019