Francisco Partners Acquires Certificate Authority Business of Comodo.
M2 EQUITYBITES-November 1, 2017-Francisco Partners Acquires Certificate Authority Business of Comodo
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1 November 2017 - New Jersey, US-based technology focussed private equity firm Francisco Partners has acquired a majority stake in Comodo's certificate authority business (Comodo CA Ltd.) to advance service to markets with digital information protection, network traffic encryption and a demand for enhanced trust in websites, the company said.
Terms of the transaction were not announced.
Francisco Partners said the acquisition of a stake in Comodo impacts the digital certificate market SSL certificates to ensure that the online traffic between a website and a user is encrypted and that the website's identity is verified as authentic.
Comodo said the alignment of the Comodo CA acquisition with the current market demand for trusted certificates and certificate lifecycle management signals an opportunity for all parties.
Trusted digital certificates will remain a fundamental requirement of the network security infrastructure for e-commerce and new evolving IoT networks.
Francisco Partners specialises in investments in technology and technology enabled services businesses. Since its inception, Francisco Partners has raised approximately USD 14bn in capital and invested in nearly 200 technology companies.
Comodo Certificate Authority has issued over 91m certificates and serves over 200,000 customers across 150 countries.
The company provides a full suite of certificate products spanning all validation levels for website certificates, certificates for code-signing and email-signing, and the Comodo certificate manager platform. Comodo CA has offices in US, UK, Ukraine and India.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Nov 1, 2017|
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