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The 10 Biggest Cybersecurity Acquisitions Of 2021 (So Far)

Michael Novinson

Private equity goliaths, SPACs, and pure-play security mainstays spent nearly $31 billion on the year‘s top cybersecurity acquisitions, placing big bets on securing networks and endpoints as well as managing employee and customer access.

T-4. TPG Capital Acquires Thycotic

Purchase Price: $1.4 Billion (PE Hub)

TPG Capital in April purchased privileged access management (PAM) vendor Thycotic from Insight Partners and combined it with recently acquired competitor Centrify. The joint company is for now being called ThycoticCentrify, and is led by former Symantec Enterprise Head and Skyport Systems CEO Art Gilliland, who in January was announced as Centrify’s next CEO.

James Legg, who led Thycotic since July 2015, is serving as president of the combined business. Thycotic has been the fastest-growing company in the PAM market, growing at 40 percent year over year. The company generated $120 million in revenue - $100 million of which is recurring on an annual basis - and is nearly breakeven on earnings before interest, taxation, depreciation and amortization, PE Hub said.

Thycotic empowers more than 12,500 organizations across the world to manage privileged access and has a history of deployment speed and leadership in the cloud. Meanwhile, Centrify has strong identity bridging capabilities and a history of operating in highly complex environments, and counts the world’s largest financial institutions, intelligence agencies, and critical infrastructure firms among its customers.

 
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