Transactions Details
DEC 2023
Sell-side Advisory



has been acquired by

Maven Capital Partners
Seller
Buyer
Focus Sector
Regatta Solutions Group
ProofID
Cybersecurity - IAM Specialist
ProofID acquires Texas-based Regatta Solutions Group to broaden its identity security capabilities
Acamar is pleased to announce that it has acted as the exclusive financial advisor Austin, Texas based Regatta Solutions Group, one of the leading Identity Governance and Administration (IGA) integrator on its strategic sale to ProofID, a UK based Cybersecurity services provider.
Based in Austin, Texas with 55 identity specialists, Regatta Solutions will initially trade as ‘Regatta, a ProofID company’ and will subsequently be fully integrated into ProofID, creating a leading IAM solutions and managed service provider (MSP) across Europe and North America. For customers of both companies, it provides an opportunity to work with one partner to manage Ping Identity and SailPoint solutions. Following the acquisition, ProofID will grow and strengthen its partnership with SailPoint, broaden its existing IGA business and expand its SailPoint practice into Europe as well as offering identity managed services to both Ping Identity and SailPoint customers. ProofID will also add Austin, Texas to its existing US base in Colorado Springs from which to continue growth in North America.
Tom Eggleston, CEO, ProofID explains, “As a united force we have the proven expertise and resources to integrate both Ping Identity and SailPoint solutions, deliver expert solutions and provide managed services across both Europe and North America making ProofID a frontrunner across identity management disciplines.”
John Ciulla, CEO, and president of Regatta said: “We are incredibly excited to join forces with ProofID and embark on this transformative journey together. This acquisition marks a significant milestone for Regatta, as it allows us to combine our respective knowledge and expertise across the leading enterprise identity security solutions from SailPoint and Ping Identity, elevating our offerings to new heights. With our expanded global reach and the ability to offer both SailPoint and Ping Identity managed services, we are now poised to deliver unparalleled value to our customers worldwide.”
Mangesh Raut, Founder and Managing Partner of Acamar added “Regatta is a premium service provider in Identity governance in the USA and was looking at expanding its presence globally. We are happy to have transaction with ProofID which has strong presence in the UK and European region and can add cross sale capabilities for both the firms. We are pleased with the outcome achieved for Regatta Solutions Group and ProofID and wish John, Dave and Mike the very best on the next leg of their journey!
About ProofID
ProofID is an identity security partner, integrator and service provider. As a proven identity specialist, ProofID is committed to delivering pain-free, secure and seamless digital user experiences however complex the project. Trusted by Tier 1 enterprises and mid-market businesses around the world to design, deliver and manage IAM services. ProofID’s highly skilled team has been awarded the highest technical accreditations by all their chosen partners including Ping Identity, earning Global Delivery Partner of the Year Award for 5 consecutive years.
About Regatta Solutions Group
Regatta is a trusted identity and access management (IAM) integrator and SailPoint Delivery Admiral partner. With extensive experience on over 2,000 SailPoint implementations, its team of 100% certified SailPoint architects and engineers is focused on accelerating identity security deployments for success from beginning to end.
Learn more at www.regattasg.com.
About Acamar Advisor
Acamar provides investment banking and advisory services to leading technology industries globally. Acamar with its presence in the USA, EU and Asian region helps it’s clients sell companies, raise capital. For more information, including research on the M&A markets visit, www.acamaradvisors.com
