Thoma Bravo has made an investment to back portfolio company Imprivata’s acquisition of SecureLink, a provider of critical access management solutions. No financial terms were disclosed. When the deal closes, SecureLink’s current majority backer Cove Hill Partners will retain a minority stake in the combined company. UPDATE: Vista Equity Partners participated in this transaction, according to a source familiar with it.
SAN FRANCISCO, April 11, 2022 /PRNewswire/ — Thoma Bravo, a leading software investment firm, today announced that it has made an additional strategic investment in its portfolio company Imprivata, a digital identity company for mission- and life-critical industries, to fund Imprivata’s acquisition of SecureLink, the leader in critical access management with elite patient privacy monitoring. Upon closing, Cove Hill Partners, SecureLink’s existing majority investor, will retain a minority stake in the combined company.
Thoma Bravo acquired Imprivata in September 2016 in a transaction valued at approximately $544 million and has provided the operational, strategic and sector expertise to help further Imprivata’s continued growth and leadership position as an innovator in digital privacy. Together with SecureLink’s capabilities, Imprivata is uniquely able to provide a single source to enable and protect digital identities, spanning enterprise to third parties.
“Our long-term partnership with Imprivata reflects our passionate belief in the business-enabling power of security in the digital future,” said Scott Crabill, a Managing Partner at Thoma Bravo. “With the addition of SecureLink’s capabilities, Imprivata is creating a new class of cybersecurity providers that unlocks digital freedom across platforms and applications by seamlessly securing identity interactions at every access point.”
“Adding SecureLink’s capabilities empowers Imprivata to address a critical need gap in digital identity verification across healthcare networks, which contain the most private of all personal information,” said Andrew Almeida, a Partner at Thoma Bravo. “Since our initial investment in Imprivata in 2016, the company has successfully delivered on both its organic and inorganic initiatives, and we look forward to continuing to support its strong growth trajectory for years to come.”
For more information about Imprivata’s acquisition of SecureLink, visit www.imprivata.com/securelink.
About Thoma Bravo
Thoma Bravo is one of the largest private equity firms in the world, with more than $103 billion in assets under management as of December 31, 2021. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging the firm’s deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. The firm has offices in Chicago, Miami and San Francisco. For more information, visit www.thomabravo.com.