Volaris Group Acquires Hitachi ID Systems, Inc.

Renamed Bravura Security, acquisition enables focus on identity and privileged access market

ALBERTA, Canada--(BUSINESS WIRE)--Volaris Group (“Volaris”) today announced it has acquired Hitachi ID Systems, Inc. which it has renamed as Bravura Security. Bravura Security will continue to operate independently as an industry leader delivering best-in-class identity, privileged access, password and passwordless products. Bravura Security software has helped Fortune 500 companies around the world protect their companies over the last two decades against increasing cybersecurity threats.

Volaris acquired Bravura Security in part for its mission-critical software, strong market position, experienced management team, in-depth industry knowledge, and customer focus. Volaris has a long term buy-and-hold acquisition strategy and currently operates more than 150 independently managed software companies around the world, providing them with the strategic guidance and financial security required to help them be leaders in their respective markets.

“Bravura Security’s analyst-recognized market position combined with its more than 20 years of experience and global customer base made it an attractive investment for Volaris,” said Carl Bruce, Group Leader at Volaris. “This acquisition positions us to strategically build out a broader cybersecurity portfolio and provides us a footprint in the growing identity and privileged access management market.”

Bravura Security will continue to be led by Chief Executive Officer, Nick Brown, with the support of existing management and key personnel. Nick brings more than 25 years of experience in enterprise software and has led product management, marketing and sales teams in large companies including SAP and Oracle, as well as successful startups.

“Over the past few years, as executives have broadened their security perimeters to global workforces, hackers and other malicious actors have intensified attacks. CISOs need a technology partner with a stable and long-term vision to help mitigate these threats.” said Nick Brown, CEO at Bravura Security. “Volaris brings expertise and resources to Bravura Security to help position us for the next phase in our mission to make businesses more secure.”

About Bravura Security

Bravura Security, an analyst-recognized leader formerly known as Hitachi ID Systems, Inc., delivers decades of experience and the industry's only single Identity, Privileged Access, Password and Passwordless management platform, the Bravura Security Fabric. This end-to-end platform offers users a robust and frictionless security experience, governance and compliance checks, and streamlined service-level agreements via a single platform, which further decreases overall risk and lowers total cost of ownership for deployment and administration. To learn more about Bravura Security, visit the website, e-mail [e-mail] or [e-mail], call 1.403.233.0740.

About Volaris Group

Volaris acquires, strengthens, and grows vertical market technology companies. As an Operating Group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete and enabling them to grow – whether that growth comes through organic measures such as new initiatives and product development, day-to-day business, or through complementary acquisitions. Learn more at www.volarisgroup.com.