Thycotic and Centrify Merge to Form ThycoticCentrify, Backed by TPG Capital

TPG Capital Acquires Majority Stake in Centrify from Thoma Bravo

January 28, 2021

Cybersecurity

TPG Capital has signed a definitive agreement to acquire a majority stake in Centrify, a provider of privileged access management (PAM) solutions, from Thoma Bravo. Terms were not disclosed; as part of the transaction Art Gilliland will join Centrify as CEO and TPG said it will build on Centrify's leadership in identity security and privileged access management.

TPG Capital Backs Merger of CollabNet VersionOne and XebiaLabs

January 21, 2020

Software

CollabNet VersionOne and XebiaLabs have combined to create an integrated Agile DevOps platform, in a transaction backed by private equity firm TPG Capital. The combined company will be led by new CEO Ashok Reddy; existing XebiaLabs shareholders Susquehanna Growth Equity and Accel sold their stakes as part of the transaction.

Thycotic Acquires Onion ID to Extend PAM Cloud Capabilities

June 2, 2020

Cybersecurity

Thycotic, a provider of privileged access management (PAM) solutions, has acquired Onion ID to add three cloud-focused PAM products — Remote Access Controller, Cloud Access Controller and Database Access Controller — to its portfolio. The acquisition strengthens Thycotic's PAM cloud and remote-access capabilities and supports Zero Trust controls for remote workers and third-party access.

Park Place Technologies Acquires CentricsIT Professional Services and TPM Assets

December 6, 2022

IT Services

Park Place Technologies has acquired the TPM and Professional Services assets (global services division) of CentricsIT, strengthening Park Place’s professional services, project management and IT lifecycle capabilities. CentricsIT will retain its server, storage and networking resale business following the asset sale; the deal enhances Park Place’s IMAC, ITAD, remote-hands and deployment service offerings and adds a professional services portal and experienced PMO staff.

TPG Acquires Forcepoint Global Governments and Critical Infrastructure (G2CI) Business

July 10, 2021

Cybersecurity

TPG, through its TPG Capital private equity platform, acquired Forcepoint's Global Governments and Critical Infrastructure (G2CI) cybersecurity business and established it as an independent company focused on defense, intelligence and critical infrastructure customers. The transaction separates Forcepoint's Commercial and G2CI businesses; Francisco Partners will retain a minority stake in the newly independent G2CI business and Sean Berg was named CEO with Peter Leav joining as Executive Chairman.

Cerberus Affiliate Acquires NetCentrics Corporation

October 12, 2021

Cybersecurity

An affiliate of Cerberus Capital Management, L.P. has acquired NetCentrics Corporation, a Herndon, Virginia-based provider of cybersecurity, enterprise IT, and telecommunications services to the U.S. government and private sector. The Cerberus investment provides NetCentrics with additional capital to strengthen financial flexibility and support capability investments and long-term growth; Kenny Cushing was named CEO in connection with the transaction.