85 Advisors acts as exclusive financial advisor to Pirean on its recent sale to Exostar LLC
NEW YORK, NY – September 25, 2018 – 85 Advisors is pleased to announce the sale of Pirean Limited, a leader in Identity-as-a-Service (IDaaS) and Consumer Identity and Access Management (IAM) software, to Exostar, LLC.
Pirean’s IDaaS platform, Access: One, is used by organizations worldwide in the banking, financial services, insurance, and government sectors, as well as the energy, retail, and telecom industries. Access: One helps secure business-critical applications and sensitive corporate and personal information by providing easy-to-use and innovative consumer, workforce, and mobile IAM functionality.
Exostar offers cloud-based solutions that help companies in highly-regulated industries mitigate risk and solve identity and access challenges. Nearly 150,000 organizations leverage Exostar to help them collaborate securely, efficiently, and compliantly with their partners and suppliers.
Under the acquisition agreement, Pirean Limited will be known as Pirean, an Exostar Company. 85 Advisors acted as exclusive financial advisor to Pirean. Financial terms were not disclosed.
A link to Exostar’s press release announcing the transaction is available here.
Pirean brings employees and applications, consumers and products, and people and devices together to digitally and securely conduct business. Our Access: One platform improves customer engagement, enables workforce productivity, and secures access. Over 10 million users across industries including banking, financial services, manufacturing, government, and pharmaceutical leverage our easy-to-use, intuitive single sign-on, identity governance and administration, mobile identity and device management, and other capabilities to protect data, ensure compliance, support collaboration, and feel confidently in control. www.pirean.com.
About 85 Advisors
85 Advisors is a strategic and financial advisory firm that helps technology companies plan, analyze and execute successful growth, financing, and M&A strategies. We work closely with our clients' senior management and board of directors to evaluate, plan and execute myriad strategic alternatives, including mergers, acquisitions, financings, joint ventures, and divestitures. Our focus and expertise extend beyond traditional investment banking services and, accordingly, we serve as a trusted and objective advisor to growth-stage and middle market technology companies on a variety of investment, growth, and operational matters. Our recommendations are informed by our extensive domain expertise paired with rigorous analysis of relevant macro, industry, company- and situation-specific factors. To this end, we have a strong track record of anticipating disruptive trends and changes in the competitive dynamics within the IT sector and advising our clients on how to exploit these shifts proactively.