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Identity Unification Leader Radiant Logic Receives Strategic Investment From TA Associates

  • Growth Investment Further Positions Radiant Logic at the Forefront of Security

Radiant Logic, the identity unification pioneer, announced that it has received a strategic investment from TA Associates, a leading global growth private equity firm, positioning the company for further growth. Financial terms of the transaction were not disclosed.

“We’re so proud of the technology and the team that we’ve built. The investment from TA and the firm’s go-to-market expertise will enable the RadiantOne platform to provide targeted solutions to even more enterprises and government agencies.”

Whether it be in support of digital transformation, mergers or next-level partnerships, Radiant Logic is the first step in quickly and cost-effectively enabling organizations to execute initiatives that require real-time identity. The company’s industry-leading identity integration and unification platform, RadiantOne, is a dynamic technology that allows organizations to build a single source of truth for identities for today’s complex hybrid cloud environments.

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“We have monitored Radiant Logic’s consistent growth rate for years, and we believe there is an exciting future for identity unification as the foundation for digital transformation,” said Nicholas Leppla, a Senior Vice President at TA. Added Ashutosh Agrawal, a Managing Director at TA, “We want to thank founder Michel Prompt for all that he’s accomplished in building Radiant Logic into a market-leading company, and we’re excited to work with the Radiant Logic team during the company’s next stage of growth.”

Since it debuted the first virtual directory in 2000, more than 270 enterprise and government customers are using RadiantOne to simplify complex unification needs across the IAM spectrum, including identity governance and synchronization to the cloud, access management and customer-facing deployments. Today’s Zero Trust architectures rely even more heavily on a single source of identity information, making identity insight the cornerstone of modern deployments.

“Radiant Logic’s significant growth over the last 18 months has suggested that the time was right for further investment in accelerating growth,” said Radiant Logic founder Michel Prompt. “We’re so proud of the technology and the team that we’ve built. The investment from TA and the firm’s go-to-market expertise will enable the RadiantOne platform to provide targeted solutions to even more enterprises and government agencies.”

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Founding CEO Michel Prompt will remain with Radiant Logic in an advisory capacity. Seasoned cybersecurity executive Joe Sander will be stepping into the CEO role. Sander has successfully led three companies as CEO for investor-backed businesses. His expertise lies in leading companies that solve complex challenges through the use of innovative technology for global enterprises, and he’s passionate about delivering value for customers.

“Today marks an exciting new chapter for what has long-been a company known for its stellar technical expertise,” said Joe Sander, incoming CEO of Radiant Logic. “Radiant Logic is known for market leadership, innovative spirit and a world-class commitment to its customers. This capital infusion from TA will help accelerate Radiant Logic’s growth trajectory and expand its product offerings to meet the needs of our customers.”

A Market Leader with a Growing Customer Base

Radiant Logic’s solutions are foundational to many of the world’s most complex enterprises. The company’s customer base includes many Fortune 500 companies, seven of the ten largest U.S. healthcare providers, and many federal agencies. RadiantOne is the industry standard for identity synchronization and management tools, and the platform is well-positioned to support more companies in their shift to hybrid and cloud environments. Radiant Logic enhances mainstream identity management companies by providing the single source of truth about identities that meets rigorous security and regulatory compliance, creating the critical foundation of a Zero Trust world.

Existing Radiant Logic customers can expect the same high level of personalized support, and a number of impactful new product offerings will be announced later in the year.

“Radiant Logic has built a robust business, with strong technical acumen, over many years. We believe that they uniquely solve a major problem that is only going to get worse as large enterprises accelerate their digital programs,” says Gary Rowe, CEO and Principal Consulting Analyst at TechVision Research. “This investment from TA will allow the company to serve a broader market.”

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