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Insight Partners-backed Keyfactor completed the merger with PrimeKey.

Synopsis

Insight Partners-backed Keyfactor, a provider of secure digital identity management solutions, completed the merger with PrimeKey, a network security company. Financial terms were not disclosed. "The market is recognizing that securing machine identities is a fundamental pillar of a modern identity governance program. The IAM market is shifting its focus from human to machine identities, and this merger positions Keyfactor to stay on the leading edge of this evolution. Independently, Keyfactor and PrimeKey offer a forward-thinking approach to conventional IAM. Combined, the companies deliver a future-proof management solution for every machine identity," Thomas Krane, Insight Partners Principal.

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