Lehi-based global online security leader, DigiCert Inc., recently announced Clearlake Capital Group, L.P., a leading private investment firm, and TA Associates, an existing investor and leading global growth private equity firm, reached a definitive agreement to make a strategic growth investment in the company.
DigiCert is the world’s leading provider of digital certificates that help encrypt data exchanged on the internet through websites, email, other business applications, and many devices connected to the web, such as medical devices, smart consumer devices, airplanes and automobiles. DigiCert certificate solutions also identify and authenticate legitimate websites and devices from fake ones to protect data and users from fraud.
DigiCert is privately owned and employs more than 1,000 workers, with support from offices in California and internationally. The company secures more than 26 billion web connections daily.
“Though the terms of this agreement are not public and available to GOED, we believe it positions DigiCert as one of Utah’s strongest and highest-valued private companies and one with a strong path for continued growth,” says Val Hale, executive director of the Utah Governor’s Office of Economic Development.
DigiCert provides digital certificate management platforms and industry-best customer support in multiple languages. The company combines modern technology infrastructure with locally-focused solutions to enhance security for its customers anywhere they conduct business.
“DigiCert continues to experience strong growth and we are addressing the needs for improved automation and certificate management,” says DigiCert CEO John Merrill. “We’re excited to continue our partnership with TA and welcome Clearlake to accelerate our growth, advance our industry leadership and continue to innovate for our customers.”
“We look forward to continuing to provide support to DigiCert and working collaboratively with management alongside Clearlake as the company enters its next phase of growth,” said Jason Werlin, a managing director at TA Associates.
Added Behdad Eghbali, co-founder and managing partner, and Prashant Mehrotra, partner, of Clearlake Capital Group: “We are pleased to join TA as partners in DigiCert and to support the team in continuing to aggressively grow the company organically and through acquisition.
DigiCert, along with dozens of other companies in southern Salt Lake and northern Utah counties, is part of Utah’s burgeoning tech industry and what’s known as Silicon Slopes.