Farragut Invests in MajorKey Technologies

CHEVY CHASE, MD – Farragut Capital Partners is pleased to announce the closing of an investment in MajorKey Technologies, a portfolio company of The Acacia Group, an independent sponsor focused on digital transformation.  Farragut provided Unitranche debt to support the company’s merger with Clango to create one of the largest, most capable identity security companies in the mid-market.

Headquartered in Chicago, Illinois, MajorKey is a consultative provider of identity access management (“IAM”) software and services to enterprise customers with sensitive data and complex data access needs.  MajorKey serves Fortune 500 customers and public sector agencies and is a software implementation partner to SailPoint, Saviynt, Okta, and other leading identity security vendors.  Clango, based in Arlington, Virginia, is a software implementation partner to CyberArk, among others, and specializes in privileged access management within the field of IAM.  The combination of the two companies promises to offer a complete and comprehensive IAM service offering to enterprise customers.

“We’re thrilled to announce our investment in MajorKey and to partner with The Acacia Group,” said Rob Hagerty, Principal of Farragut.  “MajorKey and Clango are a natural fit for one another, and we’re excited to see them unlock their combined potential.”

“Acacia is pleased to have Farragut on board to support our strategy to build MajorKey as the most capable identity security business in the market today,’ said Fred Cassis, Managing Partner of The Acacia Group. “The Farragut team will be invaluable and constructive partners in enabling the combined company to deliver even greater value to its customers and create new opportunities for its people.”

The MajorKey investment marks the fourth in Farragut’s latest investment vehicle, Farragut SBIC Fund III, LP.

For more information on MajorKey, please visit www.majorkeytech.com