Saviynt, a leading provider of intelligent identity and access governance solutions, announced today that it has received $205 million in growth capital from AB Private Credit Investors‘ Tech Capital Solutions group, a subsidiary of global investment management firm AllianceBernstein. The funds will be used to meet the growing market demand for the company’s converged identity platform and to accelerate innovation.
Sachin Nayyar, the company’s founder, has also returned as the newly appointed Chief Executive Officer. Nayyar led Saviynt from its inception in 2011 to market leadership in identity governance in 2018, exponentially increasing revenue and customers during his first tenure.
Nayyar returns to Saviynt after serving as the founder and CEO of Securonix, where he led the company to a $1 billion+ growth investment led by Vista Equity Partners in 2022. Paul Zolfaghari, a seasoned executive with over twenty years of a software company operating experience, joins Saviynt as President.
He was most recently a Managing Director at Carrick Capital Partners, a private equity firm. Zolfaghari previously served as President of enterprise software firm MicroStrategy Former Saviynt CEO Amit Saha has been appointed Chief Growth Officer, where he will develop and implement strategies to expand the company’s converged identity platform and strategic relationships.
Saviynt’s Enterprise Identity Cloud helps modern enterprises scale cloud initiatives and solve the toughest security and compliance challenges in record time. The company brings together identity governance (IGA), granular application access, cloud security, and privileged access to secure the entire business ecosystem and provide a frictionless user experience