ZMC’s Strategic Investment Will Support Simeio’s Continued Innovation and Expansion in the Identity and Access Management (“IAM”) Industry
Affiliates of private equity firm ZMC have acquired Simeio Solutions from Welsh, Carson, Anderson & Stowe (“WCAS”). Simeio is the leading provider of IAM solutions to enterprises, delivering its unique Identity-as-a-Service (“IDaaS”) solution through its proprietary Identity Orchestrator (“IO”) technology platform and its global, multi-site Identity Intelligence Center. Terms of the transaction were not disclosed.
“The investment in Simeio fits ZMC’s thematic focus on managed service providers in the growing data security market. As the risk and complexity of data security continues to increase, more companies will look to specialist partners like Simeio for technical expertise and a comprehensive platform to protect mission critical information”
Founded in 2007, Simeio is recognized as a top IAM provider by industry analysts. The Company’s IDaaS offering delivers a comprehensive suite of services to manage industry leading IAM software, resulting in a highly secure, scalable and technology agnostic solution for enterprise clients. Simeio partners with industry leading IAM software vendors to provide access management, identity governance and administration, privileged access management and risk intelligence services across on-premise, cloud, and hybrid technology environments.
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“ZMC is thrilled to partner with Simeio’s management team, which has successfully built a market leading platform of IAM solutions for sophisticated customers,” said Andrew Vogel, Managing Partner and Co-Chief Investment Officer at ZMC. “ZMC has been impressed by the Company’s growth and leadership position and is excited to support a strategy of accelerating organic growth, investing in product and technology innovation and continuing to scale the delivery platform.”
“The investment in Simeio fits ZMC’s thematic focus on managed service providers in the growing data security market. As the risk and complexity of data security continues to increase, more companies will look to specialist partners like Simeio for technical expertise and a comprehensive platform to protect mission critical information,” added Ripan Kadakia, Principal at ZMC.
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Founder and CEO, Hemen Vimadalal, said “This is an exciting time for Simeio as we transition into our next phase of growth. Together with ZMC, we intend to continue scaling and innovating to better serve our current customers and execute numerous large growth initiatives.”
William Blair & Company and Guggenheim Securities, LLC acted as financial advisors and Ropes & Gray LLP acted as legal advisor to Simeio. Sidley Austin LLP acted as legal advisor to ZMC.
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