TA Associates makes majority investment in Netwrix

TA Associates (TA), a global growth private equity firm, has completed a majority investment in Netwrix, a cybersecurity vendor that makes data security easy. 

TA, together with the Netwrix executive management team, plans to accelerate Netwrix’s growth as the company aims to expand its portfolio of easy-to-use data security solutions to its customers globally. Members of Netwrix senior management and existing Netwrix investor Updata Partners will invest alongside TA, and will maintain a significant equity interest in the company. Financial terms of the transaction were not disclosed.

“Netwrix is thrilled to be working alongside TA as we enter our next phase of growth,” says Steve Dickson, chief executive officer of Netwrix. “The partnership with TA will provide Netwrix access to the firm’s global add-on acquisition origination and integration capabilities and deep experience in the security and horizontal application software markets, which we believe will position us for substantial organic and inorganic growth.”
While able to scale to the unique needs of large enterprises, Netwrix’s business model is ideal for the mid-market, which is defined as organisations with 500 to 10,000 employees. This underserved segment is in need of easy-to-use data security solutions to address growing security and privacy concerns. Until recently, governmental regulations, such as Sarbanes-Oxley, applied only to larger enterprises. However, with the growing number of privacy regulations, such as the GDPR and the CCPA, organisations of all sizes, including mid-market businesses, must take data security seriously.
“With its powerful, easy-to-use products and streamlined business model, Netwrix has become a leading provider of data security products for the mid-enterprise market,” says Michael Libert, a senior vice president at TA Associates. “Netwrix has an abundance of security, audit and compliance experience and more than 7,000 paying organisations that are deriving value from their experience with Netwrix.”
“Given the ongoing growth in the global data security market, we see ample new business opportunities for Netwrix,” adds Harry Taylor, a managing director at TA Associates. “We are pleased to partner with Netwrix’s management team, alongside Updata Partners, and to collaborate on the company’s continued profitable growth.”

“It has been a pleasure working with the Netwrix team for the past three years and aiding in the company’s impressive and transformative growth,” says Jon Seeber, a general partner at Updata Partners. “With what we believe to be superior products and services, Netwrix has become a valued provider in security and compliance. We are pleased to welcome TA as an investor, and to continue our partnership with Netwrix.”
Joining the Netwrix board in conjunction with this transaction are Michael Libert, Harry Taylor and Amit Jain of TA Associates; and independent directors Dan Mayleben, chief executive officer at 2ndWave Software, and Matt Dircks, chief executive officer at BeyondTrust. They join existing board members Jon Seeber of Updata Partners, independent director Brian Turner and Steve Dickson of Netwrix.