TPG buys Thycotic, immediately merges it with Centrify to create ~$230m access management monster

TPG buys Thycotic, immediately merges it with Centrify to create ~$230m access management monster

Private equity group TPG has acquired security vendor Thycotic and announced it will merge it with another recent acquisition, Centrify.


TPG in January announced its intention to acquire a majority stake in privileged access management (PAM) vendor Centrify from fellow private equiteer Thoma Bravo. Both parties were too polite to discuss the amount of money that changed hands in that transaction.

TPG was also shy about Thycotic, but numerous reports say it will cost.


We can say with certainty that Thycotic will be merged with Centrify because TPG said so in a canned statement.

“The combination of Thycotic and Centrify creates a leader in one of the most important and strategic sub-sectors of security software,” said Tim Millikin, a partner at TPG Capital. “Identity security is mission-critical to any organi ..

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