SecureAuth Has Received a Majority Investment from K1 Capital
About SecureAuth
- SecureAuth is the leader in adaptive access control solutions, empowering organizations to prevent the misuse of stolen credentials
- SecureAuth provides strong identity security while minimizing disruptions to the end-user and has been providing Single Sign-On and Multi-Factor Authentication solutions for over a decade
- SecureAuth was founded in 2005 and is headquartered in Irvine, CA
About K1 Investment
- K1 is an investment firm focused on high-growth enterprise software companies across North America
- K1 seeks to help dynamic businesses achieve successful outcomes by identifying and executing organic and acquisition-based growth opportunities that position its companies as industry leaders; K1 typically invests alongside strong management teams that continue to guide their organizations on a day-to-day basis and at levels of ownership to meet the needs of entrepreneurs and managers
- K1 was founded in 2011 and is headquartered in El Segundo, CA
Transaction Notes
- K1’s majority investment in SecureAuth was announced on September 20, 2017; financial terms were not disclosed
- SecureAuth will be merged with K1’s current portfolio company, Core Security, a provider of security insight solutions including identity & access management, network security and vulnerability management
- The newly merged company will bring together network, endpoint, vulnerability and identity security solutions to protect over 50 million people and 750 million devices worldwide
- Toba Capital will remain an investor in the combined company