Continuously updated · CC BY 4.0

IAM Acquisition Tracker

Every major IAM acquisition with date, deal value (when disclosed), integration timeline, and current status. Sourced to primary disclosures. Updated as deals close.

2021-03
$6.5B
integrated
Workforce + CIAM consolidation
Okta → Auth0
Okta's largest acquisition. Auth0 continues as a distinct product line (Customer Identity Cloud, CIC) within Okta — separate from the workforce IdP. Integration with the broader Okta platform has been gradual; CIC remains the recommended CIAM offering.
Source: Okta investor relations
2022-10
$2.8B
closed
Workforce + CIAM (private equity)
Thoma Bravo → Ping Identity
Ping Identity taken private by Thoma Bravo, the same PE firm that took ForgeRock private in 2023. The two companies were subsequently combined into a single offering under the Ping Identity brand in 2024.
Source: Thoma Bravo announcement
2023-08
$2.3B
integrated
Workforce + CIAM (private equity)
Thoma Bravo → ForgeRock
ForgeRock taken private by Thoma Bravo. Subsequently merged with Ping Identity (also Thoma Bravo) to form the combined Ping Identity platform announced in 2024. The merger consolidates both companies' workforce + CIAM platforms.
Source: Thoma Bravo announcement
2021-04
Undisclosed
integrated
PAM consolidation
TPG (PE) / Delinea formation → Thycotic + Centrify
TPG combined Thycotic and Centrify under a single PAM-focused company, subsequently rebranded as Delinea (April 2022). Delinea is now a major Tier-1 PAM vendor alongside CyberArk and BeyondTrust.
Source: Delinea announcement
2024-10
$1.5B
integrated
Machine identity / certificates
CyberArk → Venafi (machine identity)
CyberArk acquires Venafi from Thoma Bravo. Adds machine identity + certificate lifecycle management to the CyberArk Identity Security platform. Particularly relevant as AI-agent identity becomes a top concern.
Source: CyberArk announcement
2023-08
Undisclosed
closed
Healthcare IAM
Thoma Bravo → Imprivata (healthcare IAM)
Thoma Bravo took Imprivata private in 2016, then partially exited via a take-private deal involving Charlesbank in 2023. Imprivata remains a healthcare-specific IAM platform (single sign-on for clinicians + EHR integration).
Source: Imprivata announcement
2024-Q4
$6.4B
closed
Secrets / infrastructure
IBM → HashiCorp
IBM's acquisition of HashiCorp includes Vault, the dominant DevOps secrets platform. Brings Vault under IBM's broader cloud + automation portfolio. Implications for the IAM ecosystem TBD as integration unfolds.
Source: IBM press release
2020-12
$65M
integrated
Adjacent — JML automation
Okta → Atspoke (employee experience)
Smaller acquisition, but relevant for the workforce JML automation story. Okta wound this down by 2023 in favor of investing in the core IdP's automation features.
Source: Okta announcement

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Continuously updated · CC BY 4.0

IAM Acquisition Tracker

Every major IAM acquisition with date, deal value (when disclosed), integration timeline, and current status. Sourced to primary disclosures. Updated as deals close.

2021-03
$6.5B
integrated
Workforce + CIAM consolidation
Okta → Auth0
Okta's largest acquisition. Auth0 continues as a distinct product line (Customer Identity Cloud, CIC) within Okta — separate from the workforce IdP. Integration with the broader Okta platform has been gradual; CIC remains the recommended CIAM offering.
Source: Okta investor relations
2022-10
$2.8B
closed
Workforce + CIAM (private equity)
Thoma Bravo → Ping Identity
Ping Identity taken private by Thoma Bravo, the same PE firm that took ForgeRock private in 2023. The two companies were subsequently combined into a single offering under the Ping Identity brand in 2024.
Source: Thoma Bravo announcement
2023-08
$2.3B
integrated
Workforce + CIAM (private equity)
Thoma Bravo → ForgeRock
ForgeRock taken private by Thoma Bravo. Subsequently merged with Ping Identity (also Thoma Bravo) to form the combined Ping Identity platform announced in 2024. The merger consolidates both companies' workforce + CIAM platforms.
Source: Thoma Bravo announcement
2021-04
Undisclosed
integrated
PAM consolidation
TPG (PE) / Delinea formation → Thycotic + Centrify
TPG combined Thycotic and Centrify under a single PAM-focused company, subsequently rebranded as Delinea (April 2022). Delinea is now a major Tier-1 PAM vendor alongside CyberArk and BeyondTrust.
Source: Delinea announcement
2024-10
$1.5B
integrated
Machine identity / certificates
CyberArk → Venafi (machine identity)
CyberArk acquires Venafi from Thoma Bravo. Adds machine identity + certificate lifecycle management to the CyberArk Identity Security platform. Particularly relevant as AI-agent identity becomes a top concern.
Source: CyberArk announcement
2023-08
Undisclosed
closed
Healthcare IAM
Thoma Bravo → Imprivata (healthcare IAM)
Thoma Bravo took Imprivata private in 2016, then partially exited via a take-private deal involving Charlesbank in 2023. Imprivata remains a healthcare-specific IAM platform (single sign-on for clinicians + EHR integration).
Source: Imprivata announcement
2024-Q4
$6.4B
closed
Secrets / infrastructure
IBM → HashiCorp
IBM's acquisition of HashiCorp includes Vault, the dominant DevOps secrets platform. Brings Vault under IBM's broader cloud + automation portfolio. Implications for the IAM ecosystem TBD as integration unfolds.
Source: IBM press release
2020-12
$65M
integrated
Adjacent — JML automation
Okta → Atspoke (employee experience)
Smaller acquisition, but relevant for the workforce JML automation story. Okta wound this down by 2023 in favor of investing in the core IdP's automation features.
Source: Okta announcement

More trackers

IAM acquisition tracker pairs with these.

Identity incidentsOutage tracker