AllianceBernstein-backed AB Private Credit Investors led a $205m funding round in Saviynt.

AllianceBernstein-backed AB Private Credit Investors, a middle market direct lending platform of AllianceBernstein, led a $205m funding round in Saviynt, a provider of intelligent identity and access governance solutions. The company will use this funding to meet the market’s growing demand for its converged identity platform and accelerate innovation. “I am thrilled to return to Saviynt. Modern enterprises now realize they require a converged approach to identity security, one that is agile, cloud-based and will seamlessly scale to manage and mitigate risk. Saviynt anticipated this need when it was founded in 2011. Today, the company is positioned to meet this demand and accelerate our disruption of legacy identity security providers, including SailPoint. The new funding allows us to extend our Enterprise Identity Cloud platform advantage through continued innovation, enhance user experience, expand the platform to support emerging technologies such as OT and IoT and grow our technology partner ecosystem," Sachin Nayyar, Saviynt Founder and CEO.