ProofID Acquires Regatta Solutions Group

September 26, 2023

ProofID, a Maven-backed identity and access management (IAM) specialist, has acquired Austin-based Regatta Solutions Group, an Identity Governance and Administration (IGA) integrator, to broaden its IGA capabilities and launch a combined IAM managed services offering across Europe and North America. The combined business is projected to generate more than £27 million (approximately $32 million) in 2023; Maven Capital Partners and related Maven funds provided additional equity to part‑fund the transaction. Regatta’s 35 identity specialists will be integrated into ProofID, adding an Austin, Texas base to ProofID’s existing US presence in Colorado Springs.

Buyers
ProofID, Maven Capital Partners, Maven UK Regional Buyout Fund, Maven Investor Partners
Targets
Regatta Solutions Group
Platforms
ProofID
Industry
Cybersecurity
Location
Texas, United States
Transaction Type
Addon

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