MIAMI, FL – (February 16, 2016) Trivest Partners (“Trivest”) announces an investment in IDMWORKS, a top identity and access management (“IAM”) service provider. Paul Bedi and Todd Rossin, IDMWORKS’ co-Chief Executive Officers, will continue to lead daily operations. The IDMWORKS transaction represents the 9th platform company investment in Trivest Fund V, a $415 million fund dedicated to investing in Founder/Family-owned businesses.
IDMWORKS is one of the most respected IAM service providers in the cyber-security market today. The Company has been recognized by Gartner as best-in-class in IAM with a team that is comprised of over 125 IAM and data center consultants, engineers and architects in North America. With strong leadership and a highly cohesive team, IDMWORKS has achieved exponential growth since its inception in 2004. The company’s client base is comprised of some of the world’s most recognized brands in a wide range of industries including banking & finance, commercial & retail, healthcare, higher education, government agencies, transportation & utilities. Trivest’s investment will allow IDMWORKS to expand its capabilities through strategic acquisitions and investments in additional personnel, services and technology. Further, the Company intends to redouble its efforts to develop new IdentityForge software products which complement the IAM software platforms that are most in-demand today.
“The partnership with Trivest will allow IDMWORKS to expand its key vendor partnerships, our IdentityForge product platform, and our international customer base,” said Paul Bedi, “Trivest’s investment will further solidify IDMWORKS as the market leader in the IAM space. We are very enthusiastic about the partnership.”
Forest Wester, partner with Trivest, commented, “We are very excited to partner with Paul and Todd and the IDMWorks team, which have demonstrated a commitment to excellence within the cyber-security industry for over a decade.” Brian Connell of Trivest added, “IDMWorks is well-positioned to continue its long track record of growth across multiple avenues, and Trivest intends to assist the Company in the active pursuit of acquisition opportunities that fit its strategic goals.”
About Trivest Partners:
Trivest Partners is a private investment firm that focuses on partnering with founder/family owned businesses in the United States and Canada. Since its founding in 1981, Trivest has completed more than 225 transactions, totaling in excess of $5.5 billion in value. For additional information, please visit www.trivest.com.
IDMWORKS has been recognized by Gartner as a top identity and access management consultancy. With over 600 IAM engagements, IDMWORKS has worked with the most recognizable names in finance and banking, retail, higher education, health care, utilities and government. We heavily invest in training and resources to maintain the highest level of certification for deployment and support of all of the leading IAM technology stacks. For additional information, please visit www.idmworks.com.