Identification Unification Chief Radiant Logic Receives Strategic Investment decision from TA Associates | Business enterprise
5 min readNOVATO, Calif.–(Business WIRE)–May well 10, 2021–
Radiant Logic, the id unification pioneer, today announced that it has been given a strategic investment from TA Associates, a top world-wide expansion non-public fairness company, positioning the company for further advancement. Money terms of the transaction had been not disclosed.
No matter if it be in aid of digital transformation, mergers or next-degree partnerships, Radiant Logic is the initially move in swiftly and price tag-properly enabling companies to execute initiatives that involve genuine-time identification. The company’s field-foremost id integration and unification system, RadiantOne, is a dynamic technological innovation that lets companies to establish a one resource of real truth for identities for today’s elaborate hybrid cloud environments.
“We have monitored Radiant Logic’s consistent growth rate for a long time, and we think there is an enjoyable long run for identification unification as the foundation for electronic transformation,” claimed Nicholas Leppla, a Senior Vice President at TA. Extra Ashutosh Agrawal, a Taking care of Director at TA, “We want to thank founder Michel Prompt for all that he’s completed in making Radiant Logic into a sector-primary enterprise, and we’re enthusiastic to work with the Radiant Logic team throughout the company’s upcoming stage of development.”
Due to the fact it debuted the initial virtual directory in 2000, much more than 270 business and authorities shoppers are using RadiantOne to simplify complicated unification needs across the IAM spectrum, together with identity governance and synchronization to the cloud, accessibility administration and client-experiencing deployments. Today’s Zero Belief architectures rely even more closely on a single resource of identity details, making id insight the cornerstone of present day deployments.
“Radiant Logic’s sizeable advancement over the final 18 months has proposed that the time was appropriate for even more expenditure in accelerating growth,” claimed Radiant Logic founder Michel Prompt. “We’re so happy of the know-how and the group that we have constructed. The investment decision from TA and the firm’s go-to-industry know-how will permit the RadiantOne system to supply focused alternatives to even much more enterprises and authorities organizations.”
Founding CEO Michel Prompt will continue to be with Radiant Logic in an advisory potential. Seasoned cybersecurity government Joe Sander will be stepping into the CEO role. Sander has successfully led three companies as CEO for investor-backed organizations. His skills lies in foremost corporations that address elaborate challenges by way of the use of revolutionary engineering for worldwide enterprises, and he’s passionate about offering benefit for prospects.
“Today marks an fascinating new chapter for what has long-been a business recognized for its stellar technological abilities,” claimed Joe Sander, incoming CEO of Radiant Logic. “Radiant Logic is acknowledged for market management, ground breaking spirit and a earth-class dedication to its prospects. This funds infusion from TA will support speed up Radiant Logic’s expansion trajectory and grow its item offerings to meet the desires of our prospects.”
A Industry Leader with a Developing Purchaser Foundation
Radiant Logic’s options are foundational to lots of of the world’s most complex enterprises. The company’s buyer base contains a lot of Fortune 500 companies, seven of the 10 greatest U.S. healthcare vendors, and a lot of federal agencies. RadiantOne is the marketplace regular for id synchronization and management resources, and the platform is effectively-positioned to guidance additional corporations in their shift to hybrid and cloud environments. Radiant Logic improves mainstream identity administration providers by giving the one resource of fact about identities that fulfills demanding protection and regulatory compliance, making the vital foundation of a Zero Have faith in globe.
Current Radiant Logic consumers can anticipate the same large stage of personalised assistance, and a variety of impactful new product or service offerings will be announced later in the 12 months.
“Radiant Logic has crafted a robust business, with strong technical acumen, around a lot of several years. We believe that that they uniquely address a big problem that is only likely to get even worse as huge enterprises accelerate their electronic packages,” says Gary Rowe, CEO and Principal Consulting Analyst at TechVision Research. “This financial investment from TA will permit the enterprise to provide a broader industry.”
Id Innovation to Be Showcased at Gartner IAM Summit
Radiant Logic is a platinum sponsor at the digital Gartner Identity & Entry Management Summit, which usually takes position from May possibly 11-12, 2021. Rajnish Bhatia and Pankaj Khatri of Comcast Corporation will host a speaking session, “How Comcast Corporation Designed a Strategic Identification Infrastructure.” The session will examine the rules they applied to permit the roll-out of a new system with IGA, federation and entry management components that serves 190,000 consumers. The session will air on Wednesday, Might 12 from 12:30pm-12:50pm ET. Convention attendees can e-book a assembly with one of Radiant Logic’s experts by using the Gartner Exhibitors Zone.
About Radiant Logic
As a current market-top supplier of federated id methods dependent on virtualization, Radiant Logic provides simple, expectations-based access to all id inside of an business. The RadiantOne FID federated identity and directory company allows customizable identity views constructed from disparate facts silos—along with scalable sync and storage—to drive crucial authentication, authorization, and provisioning decisions for WAM, federation, cloud, and cloud directory deployments. Numerous Fortune 1000 providers depend on RadiantOne FID to supply fast ROI by lowering administrative exertion, simplifying integration and storage, and creating a versatile infrastructure to meet up with modifying organization requires. For far more information and facts, stop by www.radiantlogic.com
About TA Associates
TA is a foremost world progress private equity agency. Focused on targeted sectors within 5 industries – engineering, health care, money solutions, purchaser and small business solutions – the company invests in lucrative, developing providers with options for sustained progress, and has invested in a lot more than 500 providers all over the environment. Investing as possibly a majority or minority investor, TA employs a lengthy-term approach, employing its strategic assets to assistance management teams construct long lasting value in substantial good quality progress companies. TA has raised $33.5 billion in cash given that its founding in 1968 and is committing to new investments at the pace of over $3 billion per calendar year. The firm’s more than 100 expenditure gurus are based in Boston, Menlo Park, London, Mumbai and Hong Kong. Extra information about TA can be discovered at www.ta.com.
See supply version on businesswire.com:https://www.businesswire.com/information/residence/20210510005081/en/
Contact: For Radiant Logic:
Heather MacKenzie
415-209-6800 ext. 8430
[email protected] TA Associates:
Marcia O’Carroll
TA Associates
+1 617-574-6796
[email protected] Nunes
BackBay Communications
+1 617-391-0792
Key word: UNITED STATES NORTH The united states CALIFORNIA
Sector Key word: Computer software NETWORKS Net FINANCE Facts Management Specialist Providers Engineering Safety
Supply: Radiant Logic
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PUB: 05/10/2021 06:00 AM/DISC: 05/10/2021 06:00 AM
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