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.
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โWeโre so proud of the technology and the team that weโve built. The investment from TA and the firmโs go-to-market expertise will enable the RadiantOne platform to provide targeted solutions to even more enterprises and government agencies.โ
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 companyโs 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 todayโs complex hybrid cloud environments.
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โWe have monitored Radiant Logicโs consistent growth rate for years, and we believe there is an exciting future for identity unification as the foundation for digital transformation,โ said Nicholas Leppla, a Senior Vice President at TA. Added Ashutosh Agrawal, a Managing Director at TA, โWe want to thank founder Michel Prompt for all that heโs accomplished in building Radiant Logic into a market-leading company, and weโre excited to work with the Radiant Logic team during the companyโs next stage of growth.โ
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. Todayโs Zero Trust architectures rely even more heavily on a single source of identity information, making identity insight the cornerstone of modern deployments.
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โRadiant Logicโs significant growth over the last 18 months has suggested that the time was right for further investment in accelerating growth,โ said Radiant Logic founder Michel Prompt. โWeโre so proud of the technology and the team that weโve built. The investment from TA and the firmโs go-to-market expertise will enable the RadiantOne platform to provide targeted solutions to even more enterprises and government agencies.โ
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 heโs passionate about delivering value for customers.
โToday marks an exciting new chapter for what has long-been a company known for its stellar technical expertise,โ said Joe Sander, incoming CEO of Radiant Logic. โRadiant 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 Logicโs growth trajectory and expand its product offerings to meet the needs of our customers.โ
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A Market Leader with a Growing Customer Base
Radiant Logicโs solutions are foundational to many of the worldโs most complex enterprises. The companyโs 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.
โRadiant 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,โ says Gary Rowe, CEO and Principal Consulting Analyst at TechVision Research. โThis investment from TA will allow the company to serve a broader market.”
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Identity Innovation to Be Showcased at Gartner IAM Summit
Radiant Logic is a platinum sponsor at the virtual Gartner Identity & Access Management Summit, which takes place from May 11-12, 2021. Rajnish Bhatia and Pankaj Khatri of Comcast Corporation will host a speaking session, โHow Comcast Corporation Built a Strategic Identity Infrastructure.โ The session will explore the principles they used to enable the roll-out of a new platform with IGA, federation and access management components that serves 190,000 users. The session will air on Wednesday, May 12 from 12:30pm-12:50pm ET. Conference attendees canย book a meeting with one of Radiant Logicโs expertsย via the Gartner Exhibitors Zone.
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