Identity unification specialist Radiant Logic secures strategic investment from TA Associates
Radiant Logic, an identity unification pioneer, has secured a strategic investment from TA Associates, a global growth private equity firm, positioning the company for further growth. Financial terms of the transaction have not been disclosed.
Whether it be in support of digital transformation, mergers or next-level partnerships, Radiant Logic is the first step in quickly and cost-effectively enabling organisations to execute initiatives that require real-time identity. The company’s industry-leading identity integration and unification platform, RadiantOne, is a dynamic technology that allows organisations to build a single source of truth for identities for today’s complex hybrid cloud environments.
“We have monitored Radiant Logic’s consistent growth rate for years, and we believe there is an exciting future for identity unification as the foundation for digital transformation,” says Nicholas Leppla, a Senior Vice President at TA. Added Ashutosh Agrawal, a Managing Director at TA, “We want to thank founder Michel Prompt for all that he’s accomplished in building Radiant Logic into a market-leading company, and we’re excited to work with the Radiant Logic team during the company’s next stage of growth.”
Since it debuted the first virtual directory in 2000, more than 270 enterprise and government customers are using RadiantOne to simplify complex unification needs across the IAM spectrum, including identity governance and synchronisation to the cloud, access management and customer-facing deployments. Today’s Zero Trust architectures rely even more heavily on a single source of identity information, making identity insight the cornerstone of modern deployments.
“Radiant Logic’s significant growth over the last 18 months has suggested that the time was right for further investment in accelerating growth,” says Radiant Logic founder Michel Prompt. “We’re so proud of the technology and the team that we’ve built. The investment from TA and the firm’s go-to-market expertise will enable the RadiantOne platform to provide targeted solutions to even more enterprises and government agencies.”
Founding CEO Michel Prompt will remain with Radiant Logic in an advisory capacity. Seasoned cybersecurity executive Joe Sander will be stepping into the CEO role. Sander has successfully led three companies as CEO for investor-backed businesses. His expertise lies in leading companies that solve complex challenges through the use of innovative technology for global enterprises, and he’s passionate about delivering value for customers.
“Today marks an exciting new chapter for what has long-been a company known for its stellar technical expertise,” says Joe Sander, incoming CEO of Radiant Logic. “Radiant Logic is known for market leadership, innovative spirit and a world-class commitment to its customers. This capital infusion from TA will help accelerate Radiant Logic’s growth trajectory and expand its product offerings to meet the needs of our customers.”