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NETWRIX AND STEALTHBITS MERGE TO ADDRESS THE GROWING DEMAND FOR SENSITIVE DATA PROTECTION

Two companies join forces to offer data security and privacy solutions for organizations ranging from five users to 5,000,000.

Steve Dickson

CEO, Netwrix

We couldn’t be more thrilled to be merging with the people and products of Stealthbits. Our combined organization can now offer data security solutions for any organization anywhere in the world.”

STEVE COCHRAN

Founder and Chairman, Stealthbits

Combining our breadth of products and depth of expertise with that of Netwrix means our customers can quickly strengthen their security posture and address multiple projects and requirements through a single provider.”

WHITE PAPER

POWERFUL DATA SECURITY MADE EASY

And now for everyone

This white paper, jointly authored by the security and product experts from both companies, lays out the short-term and long-term plans for the combined portfolio of products.

Download White Paper

FAQ

Frequently asked questions
What is occurring between Netwrix and Stealthbits?
Netwrix and Stealthbits are merging. The deal officially closed on December 31st, 2020. It will be announced publicly on January 4, 2021. The combined company is owned by leading private equity firm TA Associates.
Who is Netwrix?
Netwrix makes data security easy thereby simplifying how professionals can control sensitive, regulated and business-critical data, regardless of where it resides. More than 10,000 organizations worldwide rely on Netwrix solutions to secure sensitive data, realize the full business value of enterprise content, pass compliance audits with less effort and expense, and increase the productivity of IT teams and knowledge workers. Founded in 2006, Netwrix has earned more than 150 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S.
Who are TA Associates?
TA Associates (TA) is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $2 billion per year. The firm’s more than 90 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong.
Why are Netwrix and Stealthbits merging?
By combining our depth of expertise and our breadth of product offerings we accelerate our commitment to solving customer data security challenges. This is an exciting shift for both companies as it accelerates our ability to scale to meet the increased privacy, security and governance demands on our organizations worldwide.
What are the financial details of the merger?
Financial details of the merger are not being disclosed.
Where will I get information or support for my product?
Our commitment to servicing and supporting our customers does not change. Stealthbits and Netwrix customers will continue to receive the high-quality customer service they receive today through the systems and resources they currently use. Stealthbits customers will continue to contact Stealthbits support (https://stealthbits.com/support/) and the same for Netwrix (https://www.netwrix.com/support.html).
What will happen to company and product brands?
In the near term, both companies will continue to operate as separate, standalone brands with the exception that Stealthbits will be known as “Stealthbits, now part of Netwrix.” Beyond that, the combined leadership teams will determine the long-term business brand, vision, and strategy. This information will be communicated in a transparent and timely manner.
Who will lead the company going forward?
The combined company will operate under the Netwrix brand and will be lead by Netwrix CEO Steve Dickson. Steve will also serve on the company’s Board of Directors. Steve Cochran, founder and chairman of Stealthbits, will be an investor in Netwrix and will serve on its Board of Directors.
What are the benefits to Netwrix customers?
Through Stealthbits’ portfolio of Data Access Governance, Active Directory Management & Security, and Privileged Access Management products, we’re going to bring enterprise features and an expanded solution set to Netwrix customers.
What are the benefits to Stealthbits customers?
Through Netwrix’s portfolio of data security offerings, we are going to bring a whole new level of usability and unmatched experience to the large enterprise. All the products and capabilities you have grown to love are here to stay. The plan is to make them even better.
How does this affect the product roadmaps?
For more information about the product integration roadmap, please be sure to check out the product integration white paper on this webpage.
Who should I contact if I have further questions?
For additional information, please contact your account representative, or you can send an email to HaveMergerQuestions@stealthbits.com. We will do our best to respond to you within 2 business days.

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