Delinea (TPG) - StrongDM

Delinea Inc. (Delinea), a company ultimately controlled by funds managed and/or advised by affiliates of TPG Inc. (TPG), proposes to acquire 100% of the issued share capital in StrongDM, Inc (StrongDM).

TPG is a global alternative asset manager firm founded in San Francisco.

Delinea is a software business specialising in solutions for identity security through its identity platform that enables enterprises to securely vault credentials, efficiently manage access for human and machine identities, assign appropriate access levels, detect irregularities, manage identity lifecycles, and respond to threats in real-time.

StrongDM is a provider of just-in-time based Privileged Access Management (PAM) software primarily deployed and operated in cloud environments. StrongDM's products allow temporary access to IT resources which is granted at a specific time to a specific identify for a specific purpose.

Delinea and StrongDM supply software focused on validating the identity of users to enforce policies regarding the authorisation of users to specific IT resources and distributed business systems, known as Identity and Access Management (IAM) software. IAM products verify and manage digital identities and govern, administer, and enforce user and machine access rights to systems, applications, and data across on-premises and cloud environments. Delinea and StrongDM supply PAM solutions, which are a subset of IAM, which provide an elevated level of technical access.