We are delighted to have provided a significant funding package to support Manchester-based identity and access management (IAM) specialist ProofID, with their acquisition of Regatta Solutions Group Inc. a leading, US based, IAM and Sailpoint partner. 

Following investment from Maven Capital Partners (“Maven”), one of the UK’s most active investors, 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.

Based in Austin Texas, Regatta Solutions Group is an identity governance and administration (IGA) integrator employing 35 staff.

The company will initially trade as 'Regatta, a ProofID company' and will subsequently be fully integrated into ProofID, creating an IAM and managed service provider (MSP) across Europe and North America.

Following the acquisition, ProofID will grow and strengthen its partnership with SailPoint, broaden its existing IGA business and expand its SailPoint practice into Europe as well as offering identity managed services to both Ping Identity and SailPoint customers.

ProofID will also add Austin, Texas to its existing US base in Colorado Springs, supporting further growth in North America. 

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

Tom Eggleston, chief executive at ProofID

John Ciulla, chief executive and president of Regatta, added: "We are incredibly excited to join forces with ProofID and embark on this transformative journey together. 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.”

Michelle Heptinstall, Director Sponsors, ThinCats commented: “We are delighted to have supported Tom and his expert management team on this important transaction. They are adding a fantastic business to the group and we are excited to see them reach new heights. The deal is another significant transaction for ThinCats’ North West team, working with an exciting business and highly regarded sponsor in Maven Capital.”

Following the acquisition of Regatta, ProofID will count Williams and Love's, Avis, Tesco Bank, Nelnet and Paymentus among its customers.