Private equity firm TA Associates has completed a majority investment in DigiCert, a provider of enterprise security solutions.
Terms of the investment were not disclosed.
Founded in 2003, DigiCert provides online authentication and encryption services primarily through Secure Socket Layer (SSL) certificates to companies, government agencies, financial institutions, and educational and medical institutions worldwide. SSL protocol enables applications to transmit information securely.
DigiCert is the world’s third largest issuer of high-assurance certificates, serving more than 60,000 clients in 176 countries. The company is headquartered in Lindon, Utah.
“DigiCert offers a compelling value proposition to its customers,” says Jason P Werlin, a principal at TA Associates who will join the company’s board of directors. “The company’s differentiators include excellent customer service, best in class security and user-friendly tools, all offered at an affordable price. As a result, DigiCert has seen very strong growth over the past several years. We look forward to working closely with the company’s talented management team to continue that growth.”
“We have known the professionals at TA Associates for many years and are pleased to welcome the firm as an investor in DigiCert,” says Nicholas Hales, chief executive of DigiCert. “DigiCert has grown through strategic product development, key partnerships, an unrelenting focus on customer success and attracting strong talent to strengthen DigiCert’s corporate infrastructure. A partnership with a deeply experienced firm like TA fits squarely within that focus and we are confident this will prove to be a highly beneficial and productive relationship for DigiCert.”
O’Melveny & Myers provided legal counsel to TA Associates. Goodwin Procter served as legal counsel and William Blair served as a financial adviser to DigiCert.
