It is with great pleasure that we announce that on 17 January 2018, C5 portfolio company Balabit SA was acquired by One Identity, a subsidiary of Quest Software Inc. This marks the first sale of an investment from C5 Partners LP and represents the successful conclusion of our investment partnership with Balabit and its founders.
We made our initial investment in Balabit in 2014, the second investment under the Cyber Partners Fund. Since then, the company has grown from a regional, European cyber security software provider to a global leader in privileged access management, with a strong foothold in the US market. During the period of ownership, Balabit’s worldwide sales have more than doubled.
This sale is a testament to the C5 investment strategy with our team identifying the potential of Balabit and its offer. We were then able to leverage our expertise and global relationships to help them on their journey and gain a major foothold in the US market. The attractiveness of Balabit today is evidenced by the high-quality of the group they will be joining. Balabit’s session management technology is already embedded into One Identity’s new Safeguard solution via an OEM partnership and there are a number of synergies between Balabit and One Identity that will be fully exploited in the future, particularly in the area of insider risk.
We are very pleased to have worked so closely with Balabit and Zoltan, CEO and founder, since 2014. We wish them every success on their continued journey.
Follow the link for press release