IRVINE, CA – We are pleased to share that TA Associates has made a majority investment in Netwrix. Updata V and our LP co-investors purchased control of Netwrix in February 2017. Since then, we have worked closely with the Company to build out the management team, construct a world-class board of directors, evolve the business model from perpetual license to subscription, and execute the Company’s first add-on acquisition. As part of the transaction, Updata and our co-investors will receive significant liquidity proceeds while maintaining an ownership stake in this well-performing business.
Netwrix makes data security easy by simplifying how professionals can control sensitive, regulated and business-critical data, regardless of where it resides. More than 10,000 organizations worldwide rely on Netwrix solutions to secure sensitive data, realize the full business value of enterprise content, pass compliance audits with less effort and expense, and increase the productivity of IT teams and knowledge workers. Founded in 2006, Netwrix has earned more than 150 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S.
The Company announced the transaction this morning. We are pleased with the outcome and looking forward to assisting in the company’s next chapter of growth.
The Company’s press release can be found here.