ZMC completed the acquisition of Simeio Solutions from Welsh, Carson, Anderson & Stowe for $240m.

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.