Big news — we’re joining the Netwrix family! We’re very excited to announce that we are joining forces with Netwrix, a cyber security company that makes compliance and data security easy for businesses.
We are very excited about this acquisition, but we know our customers may have some questions. We've prepared this FAQs to answer the most frequent questions regarding this change you may have.
What is occurring between Netwrix and Strongpoint?
Netwrix has acquired Strongpoint. While the deal has officially closed, it is being announced publicly on January 28, 2021. Strongpoint has become a wholly-owned subsidiary of Netwrix, but will operate as an independent unit. The combined company is owned by leading private equity firm TA Associates.
What is Netwrix?
Netwrix is a cyber security company that makes compliance and data security easy, thereby simplifying how professionals can control sensitive, regulated and business-critical data, regardless of where it resides. More than 10,000 organizations worldwide rely on Netwrix solutions to secure sensitive data, realize the full business value of enterprise content, pass compliance audits with less effort and expense, and increase the productivity of IT teams and knowledge workers.
Founded in 2006, Netwrix has earned more than 150 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S.
What is TA Associates?
TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $2 billion per year. The firm’s more than 90 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong.
Why has Netwrix acquired Strongpoint?
This is a strategic step for Netwrix towards extending its portfolio to offer compliance services for Oracle NetSuite and Salesforce in the future. This is an exciting shift for both companies as it accelerates our ability to meet the increased privacy and compliance demands on our organizations worldwide.
What are the financial details or the acquisition?
Financial details of the acquisition are not being disclosed.
What are the benefits to Strongpoint customers?
This acquisition is really the best of both worlds for Strongpoint and our customers. We’ll be able to continue to do what we have been doing to support our customers and partners. And, at the same time, we'll now be able to leverage the resources of a global enterprise software company such as Netwrix to grow our business.
What will happen to the company and product brands?
For the foreseeable future, both companies will continue to operate as separate, standalone brands, with the exception that Strongpoint will be known as “Strongpoint, now part of Netwrix.” Strongpoint will continue to develop and support its products as well as serve its customers, prospects and partners. Strongpoint will leverage Netwrix expertise to grow their business further.
Who will lead the company going forward?
Mark Walker will continue to lead Strongpoint.
How does this affect the product roadmaps?
In the foreseeable future this acquisition has no impact on product roadmaps.
Where will I get information or support for my products?
Our commitment to servicing and supporting our customers does not change. Strongpoint customers will continue to receive the high-quality customer service they receive today through the systems and resources they currently use.
Will there be any changes to contracts or vendor/payment details?
No, there will be no changes.
Who should I contact if I have further questions?
For additional information, please contact your Customer Success Manager or email@example.com.