- DigiCert, a Lehi, Utah-based leading provider of TLS/SSL, IoT and PKI solutions, announced it received a strategic investment from Clearlake and TA Associates
DigiCert — a Lehi, Utah-based leading provider of TLS/SSL, IoT and PKI solutions, announced that leading private equity firms Clearlake Capital Group, L.P. and TA Associates have completed its previously announced investment in DigiCert. The terms of the deal were undisclosed.
“DigiCert is excited to work with Clearlake and TA Associates as our new lead investors, and to continue our leadership in providing the best TLS/SSL products and solutions, focused on improving and automating certificate management,” said DigiCert CEO John Merrill. “We are confident in our vision for growth and the increasing value we’ll bring to our customers.”
TA Associates made its first strategic investment in DigiCert seven years ago.
“TA has had a front-row seat to DigiCert’s impressive rise as the industry leader in its space, and we look forward to continuing to work closely with the management team to invest in and support DigiCert’s innovation and growth efforts,” added Jason Werlin, a Managing Director at TA Associates. “DigiCert has a unique opportunity to capitalize on new growth initiatives that we believe will help them better serve their customers and their industry.”
DigiCert is known for having a history of industry leadership, including being the first certificate authority to provide post-quantum cryptography for digital certificates, the first to launch an independent log for Google Certificate Transparency, and the first to offer TLS for the TOR browser. And the company’s award-winning certificate management platform called DigiCert CertCentral automates the tasks of certificate issuance, renewal, discovery, and remediation, with features including ACME protocol. DigiCert is used by 89% of the Fortune 500 and 97 of the top 100 global banks.
“DigiCert has an exciting business and a compelling vision for internet security based on the company’s legacy of innovation and roadmap for building trust in identity and digital interactions,” explained Clearlake Capital Group partners Behdad Eghbali and Prashant Mehrotra. “We are ready to leverage Clearlake’s O.P.S. framework to help the company to continue to build upon its product offerings for customers and fuel new growth through organic investments and acquisitions.”
DigiCert also leads with its certificate-based encryption, authentication, integrity, and identity for the IoT. And DigiCert operates PKI for enterprise authentication and many IoT device industry consortia and manufacturers. Plus it has issued billions of device certificates to-date. Currently, DigiCert is developing solutions in related emerging technologies such as blockchain.
