TA Associates is making a sizable strategic investment in Radiant Logic. Radiant Logic is a digital identity specialist that is best known for the RadiantOne solution that provides enterprises and other large organizations with unified identity services. RadiantOne covers both cloud and on-premises deployments, delivering simple access control for employees and customers alike.
The two parties did not disclose the size of the TA Associates investment, but did reveal that the company would make some changes at the executive level. Most notably, Radiant Logic founder Michel Prompt will be stepping down as CEO, and will hand the position over to incoming CEO Joe Sander. However, Prompt will stay with Radiant Logic in an advisory capacity.
TA is expected to help refine Radiant Logic’s go-to-market strategy and boost overall growth. The company already has more than 270 enterprise and government clients, and hopes that that number will increase as more companies move forward with their digital transformations.
“We have monitored Radiant Logic’s consistent growth rate for years, and we believe there is an exciting future for identity unification as the foundation for digital transformation,” said TA SVP Nicholas Leppla.
“Radiant Logic is known for market leadership, innovative spirit and a world-class commitment to its customers,” added Sander. “This capital infusion from TA will help accelerate Radiant Logic’s growth trajectory and expand its product offerings to meet the needs of our customers.”
Radiant Logic indicated that it would share more details about several new product offerings sometime later in the year. In the meantime, Radiant Logic is acting as a platinum sponsor at this month’s virtual Gartner Identity & Access Management Summit. The company’s unified identity technology was showcased during a Comcast presentation that took place on May 12 at 12:30pm.