SecureAuth Acquires Cloudentity, Solidifying Identity Management Leadership

SecureAuth, specializing in advanced access management, has acquired Cloudentity to bolster its customer identity and access management (CIAM) offerings. The acquisition follows the appointment of Joseph Dhanapal as the company's CEO and board member. Backed by global investment firm K1, SecureAuth aims to leverage Cloudentity's expertise in identity and access management to enhance its technology and expand its market reach.

SecureAuth Strengthens Identity Management Portfolio with Cloudentity Acquisition

Irvine, California and Seattle, Washington - SecureAuth, a leading provider of next-generation access management and authentication solutions, announced today the acquisition of Cloudentity, a pioneer in customer identity and access management (CIAM). The transformative deal significantly enhances SecureAuth's capabilities in this rapidly evolving market.

Acquisition Bolsters SecureAuth's CIAM Offerings

The integration of Cloudentity's cutting-edge CIAM platform into SecureAuth's portfolio empowers enterprises to seamlessly manage and secure digital identities. With Cloudentity's expertise in API security, data privacy, and open banking, SecureAuth expands its offerings to address critical modern identity challenges.

Joseph Dhanapal Appointed Chief Executive Officer

Coinciding with the Cloudentity acquisition, SecureAuth welcomes Joseph Dhanapal as its new Chief Executive Officer (CEO). Dhanapal brings a wealth of industry experience, having previously served as Vice President, PingOne Advanced Services at Ping Identity, where he led the company's go-to-market and operations strategy.

Executive Remarks

"In today's digital landscape, enterprises demand advanced solutions that strike a balance between security and user experience," said Joseph Dhanapal, CEO, SecureAuth. "SecureAuth is uniquely positioned to deliver such solutions, addressing the evolving identity management needs of modern workforces and consumers."

"Our commitment to innovation has shaped SecureAuth for nearly two decades," Dhanapal continued. "I am thrilled to join the team at this pivotal moment. By leveraging our combined portfolio, we can differentiate ourselves through agility and responsiveness, driving momentum and growth. I look forward to collaborating with our Executive Board Chairman, Vik Verma, and the K1 Investment Management team to accelerate our progress as a category leader."

Investment Firm K1 Provides Strategic Support

SecureAuth is backed by K1 Investment Management, a global investment firm with a focus on the enterprise software and technology sectors. "We are excited to welcome Joseph Dhanapal to SecureAuth," said Ron Cano, Managing Partner, K1 Investment Management. "His expertise will guide the company's future growth and investment in product innovation and customer experience. SecureAuth is well-equipped to provide mission-critical solutions to our discerning customer base."

Comprehensive Identity Management Expertise

SecureAuth, founded in 2005, has built a formidable reputation for its expertise in single sign-on, adaptive access controls, identity management, cloud security, and mobile app security. Cloudentity, founded in 2011, complements SecureAuth's offerings with its specialized knowledge in CIAM, access management, API security, and digital identity.

About SecureAuth

SecureAuth is a leading provider of next-generation access management and authentication solutions. With over 500 global customers, including leading organizations in finance, healthcare, education, and government, SecureAuth empowers enterprises to protect their critical assets and data while delivering a seamless user experience.

About Cloudentity

Cloudentity is the leading provider of customer identity and access management (CIAM) solutions. Its platform empowers organizations to manage and secure digital identities, enabling a seamless and secure user experience. Cloudentity's customers span industries such as banking, healthcare, and technology.