Acacia Group leads ID management merger

A private equity-backed merger is creating a more powerful player in the identity security landscape.

The Acacia Group is merging MajorKey Technologies with Clango. Acacia backed MajorKey, which led the merger.

The combination will create a full-service pure play identity and access management business that services public sector and Fortune 500 companies.

“The merger of MajorKey and Clango creates a dynamic new force in identity security,” said Michael Yario, CEO of MajorKey. “We share a commitment to helping clients use their investments in identity wisely.”

Michael Yario will be CEO of the combined company, focusing on strategic customer relationships and corporate growth. He will work alongside President Duane Graham, who will have executive oversight of the company’s client service and strategic technology initiatives.

Chicago-headquartered MajorKey was founded in 1998 and has extensive experience in IAM.

Washington-headquartered Clango was established in 1993 and focuses on PAM with offerings in identity governance and administration.

Both companies have experience helping enterprise and government customers shape their identity strategies and design, build, and sustain the identity architecture for their organizations.

The combined company also has relationships with leading identity software vendors such as CyberArk, Delinea, Microsoft, Okta, Ping, SailPoint and Saviynt.

“This union marks a significant advance in our strategy to build the most capable identity security business in the market today,” said Fred Cassis, managing partner at The Acacia Group.

Houlihan Lokey acted as exclusive placement agent for Acacia.