The TPG unit has agreed to pay an undisclosed amount to Thoma Bravo for a majority stake in the Samsung, NTT Docomo and Fortinet-backed identity management software provider.

Private equity group TPG has agreed to acquire a majority stake in Centrify, a US-based identity verification technology developer backed by corporate investors Samsung, NTT Docomo and Fortinet.

TPG subsidiary TPG Capital will pay an undisclosed sum to private equity firm Thoma Bravo, which has been majority owner of the company since 2018 when it purchased its stake from investors including Accel Partners, Index Ventures, Jackson Square Ventures (formerly Sigma West) and Mayfield.

Centrify was founded in 2004 and…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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