M&A Deal Summary

Delinea Acquires Fastpath

On February 21, 2024, Delinea acquired software company Fastpath from Pamlico Capital

Acquisition Highlights
  • This is Delinea’s 2nd transaction in the Software sector.
  • This is Delinea’s 3rd transaction in the United States.
  • This is Delinea’s 1st transaction in Iowa.

M&A Deal Summary
Date 2024-02-21
Target Fastpath
Sector Software
Buyer(s) Delinea
Sellers(s) Pamlico Capital
Deal Type Add-on Acquisition

Target

Fastpath

Des Moines, Iowa, United States
Fastpath is a provider of security access, monitoring, and compliance platform. Fastpath’s core product offering, Assure, is a SaaS software suite of tools that can integrate with multiple ERP systems, enabling corporate finance and risk managers to automatically monitor IT systems for security and compliance events. Fastpath was founded in 2004 and is based in Des Moines, Iowa.

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Buyer(S) 1

Buyer

Delinea

San Francisco, California, United States
Category Company
Founded 2004
Sector Internet Software and Services
DESCRIPTION

Delinea is a provider of Privileged Access Management (PAM) solutions for the modern, hybrid enterprise. The Delinea Platform seamlessly extends PAM by providing authorization for all identities, granting access to an organization's most critical hybrid cloud infrastructure and sensitive data to help reduce risk, ensure compliance, and simplify security. Delinea was formed in 2004 and is based in San Francisco, California.

DEAL STATS #
Overall 3 of 3
Sector (Software) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Iowa) 1 of 1
Country (United States) 3 of 3
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Authomize

Alpharetta, Georgia, United States

Authomize is a provider in the detection and elimination of identity-based threats across the cloud. Authomize was founded in 2020 and is based in Alpharetta, Georgia.

Buy -

Seller(S) 1

SELLER

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 61 of 61
Sector (Software) 7 of 7
Type (Add-on Acquisition) 32 of 32
State (Iowa) 3 of 3
Country (United States) 59 of 59
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 ClarisHealth

Brentwood, Tennessee, United States

ClarisHealth provides prospective payment integrity solutions in the Gartner Hype Cycle, provides health plans and payers with a better way to drive claims payment accuracy. Its proprietary, A.I.-powered enterprise technology platform Pareo enables health plans to maximize cost avoidance and recoveries at the most optimized cost for an industry-leading ROI. ClarisHealth is based in Brentwood, Tennessee.

Buy -
Mergr

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