Netwrix receives majority investment from TA Associates

Netwrix, a cybersecurity vendor that makes data security easy, today announced that TA Associates (“TA”), a leading global growth private equity firm, has completed a majority investment in the company. TA, together with the Netwrix executive management team, plan to accelerate Netwrix’s growth as the company aims to expand its portfolio of easy-to-use data security solutions to its customers globally. Members of Netwrix senior management and existing Netwrix investor Updata Partners will invest alongside TA, and will maintain a significant equity interest in the company. Financial terms of the transaction were not disclosed.

Netwrix is thrilled to be working alongside TA as we enter our next phase of growth. The partnership with TA will provide Netwrix access to the firm’s global add-on acquisition origination and integration capabilities and deep experience in the security and horizontal application software markets, which we believe will position us for substantial organic and inorganic growth.
Steve Dickson, chief executive officer of Netwrix

While able to scale to the unique needs of large enterprises, Netwrix’s business model is ideal for the mid-market, which is defined as organizations with 500 to 10,000 employees. This underserved segment is in need of easy-to-use data security solutions to address growing security and privacy concerns. Until recently, governmental regulations, such as Sarbanes-Oxley, applied only to larger enterprises. However, with the growing number of privacy regulations, such as the GDPR and the CCPA, organizations of all sizes, including mid-market businesses, must take data security seriously.

With its powerful, easy-to-use products and streamlined business model, Netwrix has become a leading provider of data security products for the mid-enterprise market. Netwrix has an abundance of security, audit and compliance experience and more than 7,000 paying organizations that are deriving value from their experience with Netwrix.
Michael Libert, a senior vice president at TA Associates

Given the ongoing growth in the global data security market, we see ample new business opportunities for Netwrix. We are pleased to partner with Netwrix’s management team, alongside Updata Partners, and to collaborate on the company’s continued profitable growth.
Harry Taylor, a managing director at TA Associates

It has been a pleasure working with the Netwrix team for the past three years and aiding in the company’s impressive and transformative growth. With what we believe to be superior products and services, Netwrix has become a valued provider in security and compliance. We are pleased to welcome TA as an investor, and to continue our partnership with Netwrix.
Jon Seeber, a general partner at Updata Partners

Joining the Netwrix board in conjunction with this transaction are Michael Libert, Harry Taylor and Amit Jain of TA Associates; and independent directors Dan Mayleben, chief executive officer at 2ndWave Software, and Matt Dircks, chief executive officer at BeyondTrust. They join existing board members Jon Seeber of Updata Partners, independent director Brian Turner and Steve Dickson of Netwrix.

About TA Associates

TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $2 billion per year. The firm’s more than 90 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

CONTACTS:

Erin Jones
Avista PR for Netwrix
P: 704.664.2170
E: pr@netwrix.com

Marcia O’Carroll
TA Associates
P: 617.574.6796
E: mocarroll@ta.com

Philip Nunes
BackBay Communications for TA Associates
P: 617.391.0792
E: phil.nunes@backbaycommunications.com