December 21, 2020
Clearsight Advises Identropy in its Acquisition by Protiviti
Clearsight Advisors, Inc. (“Clearsight” ) is pleased to announce another transaction for its Cybersecurity Services practice. Clearsight served as the exclusive financial advisor to Identropy, Inc. (“Identropy” or “The Company”), a portfolio company of Osage Venture Partners and Activate Venture Partners, in its acquisition by Protiviti, Inc. (“Protiviti”), a subsidiary of Robert Half International, Inc. This transaction represents a milestone identity and access management deal for Clearsight.
Identropy is a leading security consulting firm that specializes in advisory, implementation and managed services for identity and access management (IAM) and access governance solutions. The Company serves several industries including retail, healthcare/pharmaceuticals and financial services through its suite of SaaS platforms. With this acquisition, Protiviti strengthens its ability to meet the growing need to combat data breaches and provide clients with pragmatic and innovative IAM services. Together, Identropy and Protiviti will deliver mission critical-consulting services to their Fortune Global 500 and Fortune 1000 customers.
“Clearsight was instrumental to helping us negotiate this transaction and ensure that we achieved a successful outcome. The Clearsight team provided expert guidance and execution throughout the entire process.” said Ashraf Motiwala, Identropy Managing Partner and Co-founder.
John Rakowski, Clearsight Managing Director commented, “We are proud to have advised Identropy, Osage Venture Partners and Activate Venture Partners on this successful transaction. The identity and access management space is an emerging business imperative and Identropy is at the forefront of bringing these services to customers. Ashraf and everyone on the Identropy leadership team should be proud of the business they’ve built and we look forward to the value this transaction will add for the customers of both companies.”
For more information on this transaction, see the full press release on PR Newswire.