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ThycoticCentrify Merger News

May 17, 2021

It’s now been just over 30 days since we merged Centrify and Thycotic together and begun integration under our interim name, ThycoticCentrify.

Continuing our promise to consistently communicate progress, below are two Day-30 updates:

Thycotic Centrify Merger - Hands

April 13th, 2021

The acquisition of Thycotic by TPG Capital was finalized and the integration with Centrify has begun under the temporary name ThycoticCentrify.

We will provide frequent and consistent integration updates here for operations, technology integration, go-to-market, and more, and these will be mirrored on a similar page at Centrify.com. Please bookmark this page and check back frequently for more information.

Today, you can find the following assets for more information:

FREQUENTLY ASKED QUESTIONS:

Below, you will find an FAQ about the merger and integration as ThycoticCentrify.

On March 2, 2021, TPG announced its intention to merge recently-acquired Centrify with Thycotic, which TPG announced it was also acquiring. Effective April 13, 2021, the acquisition of Thycotic is now complete and the integration process has begun under the new interim name ThycoticCentrify.

A: The combination of Thycotic and Centrify creates the most extensive platform in the identity security market, bringing together complementary product capabilities, best-in-class technology, and unmatched expertise to better enable, and protect the modern, hybrid enterprise. ThycoticCentrify will benefit from a shared commitment to innovation, strengthening of clients’ cyber defense, and to assemble leading cybersecurity talent. 

A: Art Gilliland, formerly CEO of Centrify, is now the CEO of ThycoticCentrifyJames Legg, Thycotic’s former CEO, is now President of the combined business. We have not made any other executive leadership team announcements at this time. 

A: The new name is an easier way to talk about the combined company, and makes sense for the time being as both brands continue to operate in a “business-as-usual” manner in the near-term. Looking further down the road, we expect to re-brand the combined company with a new name that is aspirational, references the rich legacies of both companies, and communicates modern identity security. 

A: Our customers are our highest priority, and we’re confident that this combination will enable us to better serve you through an enhanced and diversified product suite – a comprehensive platform uniquely built to enable, and protect the modern, hybrid enterprise.

In the near-term you should expect no changes or impact on your relationship with Thycotic or Centrify. For the most part, both companies will continue to operate separately as we begin the integration process. All products are still accessible, your account representative has not changed, your service agreement is unchanged, your professional services team is unchanged, and you can expect the same great support and service that you have always known from our teams.

A: Due to the just-completed regulatory review, we are just beginning the integration process. Our intention is to keep you consistently and frequently updated regarding both operational integration and technology integration processes. Our initial plan is to have a draft integrated roadmap available for review with our advisory board customers, partners, and select industry analysts. The final, resourced roadmap and integration plan will be published for all customers and partners within 90 days, no later than the end of July. Both companies have added Merger Status Update pages to our web sites that will provide the most updated info as we have it.

A: Our partners are vital to our success, and we believe that the combined company and solutions will create a more valuable and attractive offering to solve the modern identity security needs in the market. For the time being, you will continue to work with Centrify and Thycotic as separate partners. We are committed to keeping you apprised of the integration, the technology roadmap and integration, and the go-to-market strategy from ThycoticCentrify.

A: This expanding market opportunity is being driven by evolving IT trends. Digital transformation and accelerated cloud migrations are creating complexity, and many organizations are currently facing complex security scenarios exacerbated by the ongoing pandemic. There has never been more demand for cloud-first identity management solutions to secure the modern threatscape and protect human and non-human identities. Given that, we will explore additional opportunities to create more value for our customers.

Today, however, our focus is on ThycoticCentrify and ensuring a smooth and successful integration.