Thoma Bravo, a private equity investment firm focused on the software and technology-enabled services sector, completed an investment in Venafi, a privately held cybersecurity company that develops software to secure and protect cryptographic keys and digital certificates, from TCV, a private equity firm, at a $1.15bn valuation. “We are thrilled to partner with Thoma Bravo at a time when companies around the world are realizing that the foundation of security for all digital transformation initiatives is a solid machine identity management program. Thoma Bravo’s strategic investment will allow us to build on this momentum and deliver machine identity protection solutions to an expanded customer base, while continuing to drive product innovation and growth," Jeff Hudson, Venafi CEO.