Trivest Partners invested in IDMWORKS, a identity and access management service provider. Financial terms of the deal were not disclosed. The IDMWORKS transaction represents the 9th platform company investment in Trivest Fund V, a $415 million fund dedicated to investing in founder and family-owned businesses.
MIAMI, Feb. 18, 2016 /PRNewswire/ — Trivest Partners (“Trivest”) announces an investment in IDMWORKS, a top identity and access management (“IAM”) service provider. Paul Bedi and Todd Rossin, IDMWORKS’ co-Chief Executive Officers, will continue to lead daily operations. The IDMWORKS transaction represents the 9th platform company investment in Trivest Fund V, a $415 million fund dedicated to investing in Founder/Family-owned businesses.
IDMWORKS has been recognized by Gartner as one of the top IAM service providers in the cyber-security market today. With strong leadership and a highly cohesive team of over 125 IAM and data center consultants, engineers and architects in North America, IDMWORKS has achieved exponential growth since its inception in 2004. The company’s client base is comprised of some of the world’s most recognized brands encompassing banking & finance, commercial & retail, healthcare, higher education, government agencies, transportation and utilities. Trivest’s investment will allow IDMWORKS to expand its capabilities through strategic acquisitions and investments in personnel, services and technology. Further, the Company intends to redouble its efforts to develop new IdentityForge connectors which complement the most in-demand IAM software platforms.
“The partnership with Trivest will allow IDMWORKS to expand key vendor partnerships, our IdentityForge platform, and our international customer base,” said IDWMORKS’ CEO Paul Bedi. “Trivest’s investment will further solidify IDMWORKS as the market leader in the IAM space. We are very enthusiastic about the partnership.”
Forest Wester, partner with Trivest, commented, “We are very excited to partner with Paul and Todd and the IDMWorks team, which have demonstrated a commitment to excellence within the cyber-security industry for over a decade.” Brian Connell of Trivest added, “IDMWorks is well-positioned to continue its long track record of growth across multiple avenues, and Trivest intends to assist the Company in the active pursuit of acquisition opportunities that fit its strategic goals.”
About Trivest Partners:
Trivest Partners is a private investment firm that focuses on partnering with founder/family owned businesses in the United States and Canada. Since its founding in 1981, Trivest has completed more than 225 transactions, totaling in excess of $5.5 billion in value. For additional information, visit www.trivest.com.
IDMWORKS is a top identity and access management consultancy with over 600 successful IAM engagements. It deploys and supports the leading IAM technology stacks, provides managed services and database management and migration. For additional information, visit www.idmworks.com or contact firstname.lastname@example.org