Ric Opal Reacts to Thoma Bravo Buying Majority Stake In Centrify

July 18, 2018   //   News

Thoma Bravo, a private equity powerhouse, has agreed to buy a majority stake from early investors in identity management vendor Centrify.

The change in ownership is not expected to impact day-to-day operations.

A growth-focused investor is extremely important for companies in the identity management space, which face challenges not only from other security vendors, but also the public cloud giants that drive much of their business

-Ric Opal, Vice President at SWC Technology Partners

More than 5,000 of Centrify’s customers are using the service to secure access to Microsoft’s Azure cloud. But Microsoft is balancing support for ISVs in its ecosystem with aggressive development of native identify management solutions –

Formidable products like Azure Active Directory Premium and single sign-on and those motions.

-Ric Opal, VP at SWC Technology Partners

There’s a dynamic of “coopetition” with cloud providers and ISVs in their ecosystems — and the providers have a built-in advantage, because “customers don’t want to deal with finger-pointing” to other vendors.

-Ric Opal, VP at SWC Technology Partners

All that means is the smaller specialists in access management services like Centrify and Okta must “invest in innovation, and continue to provide solutions that are relevant in the market where there’s a need. Thoma Bravo could help Centrify do that.

-Ric Opal, VP at SWC Technology Partners

Visit CRN to read the full article: “Thoma Bravo To Buy Majority Stake In Cybersecurity Vendor Centrify