Business

New investment capital for QuoVadis owner

Two investors have agreed to plough new capital into DigiCert, the owner of Bermudian-founded digital security firm QuoVadis.

Clearlake Capital Group, LP, a leading private investment firm, and TA Associates, an existing investor and leading global growth private-equity firm, have reached a definitive agreement to make a strategic growth investment in DigiCert.

DigiCert, which provides security solutions for identity and encryption, completed a $45 million takeover of QuoVadis in January this year.

“DigiCert continues to experience strong growth within our SSL business as well as enterprise PKI and IoT security, and we are addressing the needs for improved automation and certificate management,” John Merril, chief executive officer of DigiCert said.

“We’re excited to continue our partnership with TA and welcome Clearlake to accelerate our growth, advance our industry leadership and continue to innovate for our customers.”