Omada Announces New Investment to Boost Growth and Innovation in Identity Governance

Omada Announces New Investment Strategy



In an exciting development for the technology industry, Omada A/S, a leading player in Identity Governance and Administration (IGA) software, has revealed a transformative partnership with existing investor GRO, along with Kirk Kapital. This new investment heralds the beginning of a pivotal growth phase aimed at enhancing innovation in the field of identity governance.

A Leader in Identity Governance


Omada has established itself as a prolific provider of scalable, AI-driven solutions that help organizations manage access to systems and applications securely. Their cloud-native, multi-tenant platform enables companies to simplify identity management, reinforce security measures, and ensure compliance with various regulatory requirements. Through this innovative approach, they empower organizations to manage complex identity workflows more efficiently and accurately.

As digital ecosystems become increasingly intricate, the need for robust identity governance solutions has never been more crucial. With rising regulatory standards and a growing focus on data protection, Omada's offerings have allowed organizations to significantly reduce their attack surface and gain real-time insights into user access. This enhancement in operational resilience not only improves corporate security but also emphasizes Omada's commitment to safeguarding sensitive information.

Transforming Cybersecurity


Presently, Omada provides services to corporate clients across Europe and North America, laying the groundwork for advanced identity lifecycle management. This capability helps businesses meet security, compliance, automation, and digital transformation goals. As they streamline IGA processes, companies realize substantial benefits. Users typically experience enhanced value within just 90 days, significantly reducing deployment times by 80% and helpdesk tickets by 60%.

The investment led by GRO Fund III, in collaboration with Kirk Kapital and other co-investors such as J.P. Morgan Asset Management and P+, marks a complete exit for CVC Growth Fund and GRO Fund II, fueling Omada's global growth strategy. As they continue to innovate through AI and expand their market reach, Omada is poised to build upon its established reputation as a leader in this rapidly evolving sector.

Insights from Leadership


Michael Garrett, CEO of Omada, expressed enthusiasm about this new chapter, stating, "With the continued support from GRO and the addition of Kirk Kapital, we are exceptionally positioned to accelerate our global growth and drive innovations in the realms of AI and machine identity. Our partnership with GRO is set to strengthen as we advance our vision for the future of identity governance."

Lars Dybkjær, Managing Partner at GRO, noted, "Omada is a true leader in identity governance, exemplifying the kind of innovation and ambition we are excited to support. As the importance of AI in corporate security grows, Omada is uniquely poised to shape the future of this industry."

Kim Gulstad, CEO of Kirk Kapital, added, "We are thrilled to join Omada and support its progression alongside GRO. Omada’s leadership in identity governance and a solid foundation in Europe, combined with ambitious global aspirations, align perfectly with our long-term investment strategy. We see tremendous potential in Omada’s ongoing pursuit of innovation in AI."

Sebastian Kuenne from CVC commended Omada's evolution into an industry frontrunner in IGA, citing its robust cloud-native platform and distinctive approach to scalable identity management solutions catering to complex enterprises. He reiterated their gratitude for being part of this remarkable journey and looked forward to Omada's continued success.

The Road Ahead


This transaction is contingent upon the usual regulatory approvals, but the anticipation surrounding Omada's future endeavors is palpable. As the company furthers its commitment to simplifying identity governance with innovative solutions designed for intricate hybrid environments, it assures stakeholders of its capability to navigate challenges and set new industry standards.

To stay abreast of the latest developments from Omada, more information can be found on their website and LinkedIn.

Topics Business Technology)

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