TA Associates, a global growth private equity firm, has made a strategic investment in Radiant Logic, an identity unification company.
“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.
“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.”
“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.”
“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.”
Kirkland & Ellis advised TA Associates.