Exclusive financial advisor to Security Weaver LLC
KPMG Corporate Finance LLC acted as exclusive financial advisor to Security Weaver LLC
KPMG Corporate Finance LLC is pleased to announce the merger of Security Weaver LLC (“Security Weaver” or the “Company”) with Pathlock to create an industry leading access governance and application security solution. Pathlock has raised $200M from Vertica Capital Partners to expand its application governance and data security capabilities.
"We are thrilled to see these major players in the industry come together to create a global leader in the Application Governance, Risk, and Compliance space," said Philip Vorobeychik, Managing Director, Vertica Capital Partners.
About Security Weaver
Founded in 2004 and headquartered in Levi, Utah, Security Weaver's suite of products includes tools for the management of enterprise wide segregation of duties (SOD) conflicts, full automation of user provisioning process, control of privileged user access, configurable process controls, and advanced audit analytics integrated with robust reporting and workflow capabilities. Serving over 175 global enterprise customers spanning across a diverse set of industries, Security Weaver supports organizations throughout the world with a robust GRCM framework while providing Finance, IT and Audit with the tools and visibility they need to reduce the risk of fraud and ensure compliance.
About Pathlock
Pathlock is a leading provider of unified access orchestration, enabling Zero Trust to secure critical applications and infrastructure. Pathlock is a portfolio company of Vertica Capital Partners, a leading software-focused private equity firm headquartered in New York, NY. The recent $200M capital raise was used to finance the merger of Pathlock with Security Weaver and Appsian, along with acquiring CSI Tools and SAST Solutions.
About Vertica Capital Partners
Vertica Capital Partners is a New York-based software-focused private equity firm specializing in growth equity, partial liquidity and buyout investments. The firm was launched in 2018 with a singular mission to invest in founder-owned software products to accelerate growth.
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