September 26, 2023 – Manchester, UK. Identity and Access Management (IAM) specialist ProofID has today announced that it has acquired Identity Governance and Administration (IGA) integrator, Regatta Solutions Group. The acquisition unites the competencies of both organizations as leading integrators of Ping Identity and SailPoint solutions respectively – whilst positioning the company as a provider of enterprise identity solutions and global identity managed services. The combined business is projected to generate more than $32 million in revenue in 2023.
Based in Austin, Texas with 35 identity specialists, the company 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.
“With the acquisition of Regatta, our customers have access to a much wider set of expertise and competencies whether managing identities within the enterprise or building personalized experiences for their customers,” explains Tom Eggleston, CEO, ProofID.
“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.”
ProofID has been Ping Identity’s Delivery Partner of the Year for the last five years and is a leading IAM managed services franchise with over 60 global enterprise customers. In 2022 Maven Capital Partners invested $19 million in the business, and it has had a greater than 30% annual revenue growth rate for the last three years. Regatta is a SailPoint Admiral Delivery Partner, the highest accolade, and has achieved similar revenue growth.
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.”
Following the acquisition of Regatta, ProofID will count Williams and Love’s, Avis, Tesco Bank, Nelnet and Paymentus among its customers.
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 has successfully deployed industry leading technologies into all market sectors with dynamic workforce needs and seamless customer engagements. 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. For more information visit www.ProofID.com.
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, our team of 100% certified SailPoint architects and engineers is focused on accelerating identity security deployments for success from beginning to end.
Working closely with the world’s largest organizations across the most complex identity environments, Regatta enables SailPoint customers to maximize their investment and experience the true power of identity, enabling business growth with minimal risk. Learn more at www.regattasg.com.
For more information
Megan Codling, Megafone Communications
07795 848586
megan@megafone.co.uk
