Imprivata, Inc.

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Imprivata, Inc. - overview

Established

2002

Location

Waltham, MA, US

Primary Industry

IT Security/Cybersecurity

About

Imprivata, Inc. provides innovative access management solutions focused on enhancing security and productivity in mission-critical sectors such as healthcare and government. Their technologies streamline authentication processes for users across various platforms. Founded in 2002, Imprivata, Inc.


is headquartered in Waltham, US. The company specializes in access management solutions with a focus on healthcare and other critical industries. In July 2016, Thoma Bravo acquired Imprivata, Inc. from its investors for USD 544 mn.


The company has undergone strategic shifts to align with market demands and enhance its service offerings. Gus Malezis currently serves as the CEO of Imprivata, Inc. The company has successfully raised a total of USD 544 mn through its funding rounds, with the latest round in June 2014 being a transition from Public to Private via a Secondary Buyout. Imprivata specializes in providing access management solutions tailored for mission-critical industries, particularly healthcare, government, financial services, and manufacturing.


The company's core offerings include passwordless access solutions, single sign-on (SSO), and multi-factor authentication (MFA) systems designed to enhance user productivity while maintaining high security. Their products enable seamless and secure access to various applications and information systems across multiple devices, significantly benefiting frontline workers who depend on shared devices and specialized workflows. Imprivata's technology is utilized by a diverse client base that includes healthcare organizations aiming to improve clinical efficiency, law enforcement agencies ensuring criminal justice information security, and enterprises seeking compliance with industry standards such as HIPAA and PCI DSS. The company operates primarily in North America and Europe, with a focus on delivering solutions that meet the specific regulatory and operational needs of its customers.


In 2015, Imprivata reported a revenue of USD 119. 12 mn and an EBITDA of USD -17. 90 mn. The company generates revenue through a subscription-based model that provides clients with ongoing access to its suite of access management solutions.


Clients typically enter into contractual agreements for software licenses and services, which may include implementation, support, and training. The transactional structure is predominantly B2B, with organizations purchasing licenses for multiple users or devices, allowing for scalability according to their operational demands. Imprivata plans to leverage its recent funding to expand its market reach and enhance its product offerings. The company is currently developing new authentication management products, aiming for a launch within the next 18 months.


Imprivata is also exploring opportunities to penetrate additional geographic markets, particularly in Europe and Asia, by 2018. The investments from the public to private acquisition transaction will support these initiatives, allowing the company to pursue market opportunities through innovation and expand its industry leadership position in authentication management and enterprise single sign-on.


Current Investors

Thoma Bravo, Highland Capital Partners, General Catalyst Partners

Primary Industry

IT Security/Cybersecurity

Sub Industries

Healthcare IT, IT Security/Cybersecurity, Monitoring & Security Software

Website

www.imprivata.com

Verticals

Blockchain, Cloud Computing, HealthTech, Mobile Apps

Company Stage

Mature

Total Amount Raised

Subscriber access only

Imprivata, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedVerosint, Inc.-
Add-on, Corporate Carve Out, Trade SaleCompletedImprivata, Inc.'s Identity Governance and Administration business-
BuyoutCompletedOGiTiX Software AG-
GrowthCompletedImprivata, Inc.-
Add-on, Trade SaleCompletedSecureLink, Inc.-

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