Subscribe to the daily newsletter.

ProofID acquisition creates £27million turnover group

ProofID has acquired Texas-based Regatta Solutions Group for an undisclosed sum.

The combined business is projected to generate more than £27m in revenues in 2023.

The identity governance and administration integrator will initially trade as “Regatta, a ProofID company” before becoming fully integrated into the Manchester business.

“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 personalised experiences for their customers,” explained 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.” 

Regatta employs 35 staff in its Austin base and means a second North American office for ProofID, which already operates out of Colorado Springs.

“We are incredibly excited to join forces with ProofID and embark on this transformative journey together, said John Ciulla, CEO, and president of Regatta.

  “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.”  

 Regatta’s clients include Williams and Love’s, Avis, Tesco Bank, Nelnet and Paymentus.

Subscribe to the Prolific North Daily Newsletter Today!

Want all the latest content from Prolific North delivered direct to your inbox daily? Of course you do!

Related News