Willkie represented Insight Partners and its portfolio company Keyfactor in the transaction.
On April 15, Keyfactor®, an Insight Partners portfolio company, and PrimeKey® announced their intent to combine under the Keyfactor brand while committing to increased investments across all product lines. Willkie represented Insight and Keyfactor in the transaction, which is expected to close following receipt of required regulatory approvals.
The transaction forms an industry-first machine identity management platform, combining Keyfactor’s certificate lifecycle automation with PrimeKey’s EJBCA. The new platform will provide end-to-end machine identity management – with flexible and highly scalable certificate issuance and automated deployment of machine identities across complex enterprise and emerging IoT and OT use cases.
This $125 million growth infusion in connection with the transaction, led by Insight Partners, adds to its initial $77 million investment in Keyfactor in 2019.
The Willkie team was led by partners Rosalind Kruse and Erin Kinney and associates Anna Martini G. Pereira and Katherine Dorris.