Fundraising Fox

Centrify

Acquired

Founded 2021 · 1,387 employees on LinkedIn · 8 known investors

Centrify, now rebranded as Delinea, provides privileged access management security for hybrid enterprises. The company operates in the cybersecurity and identity/access management space.

Also known as Centrify Corporation · Delinea

Founders & leadership

TSTim Steinkopf
Tim SteinkopfinFounder

Investors · 8

Also in the syndicate · 2

DOCOMO CapitalFortinet Inc.

Company profile

researched Aug 2026

Centrify is a privileged access management (PAM) and identity security vendor serving modern, hybrid enterprises. Its software applies Zero Trust principles to enforce least-privilege access for both human and machine identities, granting access based on who is requesting it, the context of the request and the risk of the access environment. The platform centralizes and orchestrates fragmented identities, improves audit and compliance visibility, and secures access to infrastructure, DevOps toolchains and cloud environments in order to address privileged access abuse, a leading cause of breaches.

The Centrify product line includes Server PAM and Vault Suite, complemented by the wider portfolio of the merged company: Account Lifecycle Manager, Connection Manager, the Delinea Platform, DevOps Secrets Vault, Privileged Behavior Analytics, Privilege Manager, Privileged Remote Access and Secret Server. Earlier offerings covered unified identity management software and cloud-based Identity-as-a-Service that leveraged existing identity infrastructure for single sign-on, multi-factor authentication, privileged identity management, compliance auditing and mobile device management. A companion mobile application for Android provides certificate-based multi-factor authentication for portal and host login, privilege elevation, break-glass access to privileged account passwords, secrets checkout and approval workflows, and requires Centrify Privileged Access Service.

Centrify was acquired by TPG Capital and combined with Thycotic in a transaction announced March 2, 2021; the combined business subsequently rebranded as Delinea in February 2022. The centrify.com site continues to host Centrify product, support, documentation and pricing entry points under the Delinea brand.

Founding story

Tom Kemp was co-founder and CEO of Centrify and discussed the company's origins in a TechCrunch Founder Stories interview recorded in December 2013.

Business model

Centrify licenses privileged access management and identity software to enterprises, sold both as on-premises/server products (Server PAM, Vault Suite) and cloud-delivered services such as Privileged Access Service and Identity-as-a-Service. Pricing is quote-based, with free trials offered, and the vendor supplies support, documentation and professional services alongside the products. Following the merger with Thycotic under TPG ownership, the portfolio is offered under the Delinea brand alongside products including Secret Server, Privilege Manager, DevOps Secrets Vault and the Delinea Platform.

Revenue comes from enterprise software licensing and subscriptions to its PAM and identity services, with pricing provided on request; adjacent services and support are also offered.

Traction

Centrify reported more than 5,000 customers worldwide at the time of its 2014 financing, and by 2021 stated that over half of the Fortune 100 used its solutions. The merger partner Thycotic served more than 12,500 organizations. The Centrify Android app has recorded over 10,000 downloads on Google Play.

Latest developments

Following TPG's acquisition and the March 2021 merger with Thycotic, Centrify rebranded as Delinea in February 2022; centrify.com now presents Delinea while preserving access to Centrify products, support and pricing. The Centrify Android application was last updated in September 2024 under the Delinea Inc. developer account.

Full profile — market position, technology, go-to-market, geography, history

Market position

Centrify is described as a privileged access management market leader for modern hybrid enterprises, used by over half of the Fortune 100, including large financial institutions, intelligence agencies and critical infrastructure companies. Its merger with Thycotic was framed as creating a leading cloud identity security vendor in a market where Forrester estimates 80 percent of cybersecurity breaches involve privileged credentials.

Centrify is positioned on identity bridging capabilities and experience operating in highly complex environments, applying Zero Trust and least-privilege controls to both human and machine identities across cloud and on-premises estates. Its capabilities were described as complementary to Thycotic's cloud-first, fast-deployment approach in the merged company.

Technology

The technology enforces least-privilege, Zero Trust access controls across servers, cloud infrastructure and DevOps environments, including credential vaulting and secrets management, privilege elevation, session management for target hosts, privileged behavior analytics and compliance auditing. It supports certificate-based multi-factor authentication, mobile authenticator approvals, biometric app unlock and break-glass password access, and interoperates with other platforms through OpenID Connect applications and log/event APIs consumed by SIEM connectors.

Go-to-market

The company sells directly to enterprise security and IT buyers, supported by free trials, quote-based pricing, a customer login portal, documentation, support and services. Its software is integrated as a third-party identity source by other vendors: Cloudflare One documents Centrify as an OIDC identity provider for Zero Trust access, and Exabeam offers a Centrify cloud connector for log and event collection.

Large enterprises and public-sector organizations with hybrid cloud and on-premises infrastructure, including the world's largest financial institutions, intelligence agencies and critical infrastructure operators, plus DevOps and IT infrastructure teams.

Geography

Centrify was based in Santa Clara, California, and served customers worldwide; the developer of the Centrify mobile app is listed as Delinea Inc. at 221 Main St Ste 1300, San Francisco, California. The 2014 financing was raised to support global expansion.

History

Centrify was co-founded and led by CEO Tom Kemp, who appeared in a TechCrunch Founder Stories interview recorded in December 2013. The Santa Clara, California company raised $42 million in May 2014 from strategic investors Samsung Ventures, Fortinet and DOCOMO Capital to fund global expansion, at which point it reported more than 5,000 customers. Art Gilliland later served as CEO. TPG Capital acquired Centrify, and on March 2, 2021 announced a definitive agreement to combine it with Thycotic, acquired from Insight Partners, with Gilliland leading the combined company and Thycotic's James Legg as President; Thoma Bravo and PSP Investments took minority stakes. In February 2022 the business officially rebranded as Delinea, and the centrify.com domain now redirects customers to Delinea resources.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Android app downloadsSep 202410,000 downloads
CustomersMay 20145,000 customers
Fortune 100 penetrationMar 2021Over half of the Fortune 100 use Centrify

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 3

launches, deals, and filings
Feb 2022
Centrify rebrands as Delinea

Centrify officially rebranded as Delinea; the centrify.com site directs visitors to Delinea while continuing to host Centrify product, support and pricing links.

source ↗

Mar 2021
TPG Capital completes acquisition of Centrify

TPG Capital's previously announced acquisition of Centrify closed, as disclosed in the March 2, 2021 announcement of the Thycotic combination.

source ↗

Mar 2021
TPG-led investor group announces combination of Thycotic and Centrify

TPG Capital signed a definitive agreement to combine Centrify with Thycotic, acquired from Insight Partners, to form a cloud identity security vendor. Art Gilliland, then CEO of Centrify, was named CEO of the expanded business and Thycotic CEO James Legg was named President. Thoma Bravo and PSP Investments supported the combination with minority investments. Financial terms were not disclosed.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Centrify do?
Centrify, now Delinea, provides Zero Trust privileged access management and identity security for hybrid enterprises.
Who are Centrify's investors?
Centrify's investors include Accel, Converge, Jackson Square Ventures, Mango Capital, Mayfield Fund, Samsung Ventures.