Announced
Completed
Financials
Sources
Tags
United States
access management
enterprise identity
Security Services
Private Equity
Private
Friendly
Majority
Single Bidder
Acquisition
Completed
Domestic
Disposal
Synopsis
Private equity firm ZMC completed the acquisition of Simeio Solutions, a provider of IAM solutions to enterprises, from Welsh, Carson, Anderson & Stowe for $240m. "ZMC is thrilled to partner with Simeio’s management team, which has successfully built a market leading platform of IAM solutions for sophisticated customers. ZMC has been impressed by the Company’s growth and leadership position and is excited to support a strategy of accelerating organic growth, investing in product and technology innovation and continuing to scale the delivery platform," Andrew Vogel, ZMC Managing Partner and Co-Chief Investment Officer.
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