Announced
Completed
Financials
Tags
Single Bidder
Friendly
Private
Minority
Private Equity
Domestic
Completed
Software
cybersecurity
United States
Acquisition
Synopsis
Summit Partners, a private equity investment firm that invests in a broad range of companies, completed the investment in Insight Partners-backed Keeper Security, a provider of zero-trust and zero-knowledge cybersecurity software. Financial terms were not disclosed. "While the current economic environment has led to a contraction in many areas of technology investment, the demand for secure and accessible cybersecurity solutions continues to accelerate. Summit has invested in security software for more than thirty years. We are impressed with the breadth of the Keeper product portfolio as well as the Company's growth, and we are excited to see Keeper work to further disrupt the cybersecurity industry," Len Ferrington, Summit Partners Managing Director.
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