Clearwater has advised Maven Capital on its acquisition of ProofID, specialist providers of identity and access management (IAM) services.
Founded in 2014, ProofID provides consultancy and managed services for enterprise customers across the UK, Europe and North America from its headquarters in Manchester and offices in Colorado Springs.
Growing both organically and via acquisition, ProofID has become the foremost integrator of leading IAM vendor Ping Identity's technology, and for the past four years has been named Ping Identity's Delivery Partner of the Year, reflecting its technical excellence and deep coordination with vendor partners.
The investment from Maven will enable the business to accelerate its growth ambitions by continuing to grow the partnership with Ping Identity and develop complementary partnerships with other IAM vendors, allowing ProofID to offer broader IAM solutions. The investment will also support the company's acquisition strategy as well as enabling further investment in its sales, marketing and technical resources.
