August 14, 2024 at 03:09PM
DigiCert, backed by Clearlake, Crosspoint, and TA, will acquire Vercara from Golden Gate Capital and GIC. The acquisition will expand DigiCert’s capabilities to protect organizations from cyberattacks. The acquisition aims to provide customers with unified DNS and certificate management experience, enhancing digital trust. The acquisition is expected to close this year.
Key Takeaways from the Meeting Notes:
1. DigiCert, supported by Clearlake Capital Group, Crosspoint Capital Partners, and TA Associates, has entered into a definitive agreement to acquire Vercara from Golden Gate Capital and GIC.
2. The acquisition will expand DigiCert’s capabilities to protect organizations from cyberattacks, complementing their core PKI and certificate management infrastructure.
3. Vercara offers cloud-based services that secure the online experience, including managed Authoritative Domain Name System (DNS) and Distributed Denial-of-Service (DDoS) security offerings.
4. The acquisition is expected to provide customers with a unified DNS and certificate management experience, offering more efficient domain control validation and simplified DNS configuration.
5. The acquisition is subject to customary closing conditions and is expected to be completed this year.
6. Advisors involved in the acquisition include Sidley Austin LLP for DigiCert, Barclays as the exclusive financial advisor to Vercara, and Paul, Weiss, Rifkind, Wharton & Garrison LLP as legal advisor to Vercara.
7. DigiCert is a leading global provider of digital trust, aiming to provide centralized visibility and control over public and private trust needs for organizations.
8. Vercara is a global, cloud-based security platform offering layers of protection for businesses’ online presence and is expected to further strengthen DigiCert’s dedication to securing the online experience and building digital trust.
9. Multiple investment firms, including Clearlake Capital Group, TA Associates, and Crosspoint Capital Partners, have expressed belief in the new partnership impacting the digital trust space positively.
10. Golden Gate Capital has expressed positive sentiments about the acquisition, expecting Vercara’s continuous growth and success as part of DigiCert.