GRO completes a strategicinvestment in Curity to accelerate leadership in Digital Identity and APISecurity
STOCKHOLM, SWEDEN – May 11th, 2023 –Curity I/O AB (“Curity” or the “Company”), a leading provider of digitalidentity and API security software, announced that it will partner with GRO toaccelerate organizational expansion, global commercial scaling, and productleadership.
Curity supports global enterprises to securely manage and control access of digital identities throughout their systems and applications. The Company holds the trust of organizations across a wide range of industries – such as financial services, healthcare, software, and retail – and enables each client to provide secure, compliant, and robust access via APIs to highly sensitive data for millions of end-customers.
The Company’s offering is a unique combination of Customer Identity Access Management (“CIAM”) and API security. It is built to support enterprises’ increasingly complex use cases while allowing for comprehensive coverage of industry-wide identity- andsecurity-related standards, such as OAuth and OpenID Connect. The platform is unmatched in its ability to deliver API-centric identity and access management that is flexible, scalable, secure, easy to integrate and deployable in any environment.
Curity is benefitting from substantial business momentum and will now partner with GRO ahead of an important chapter of the Company’s commercial scaling journey, as the founding management team continues to expand the organizational setup and global presence while sustaining Curity’s innovative product vision.
Travis Spencer, Co-Founder and CEO of Curity, says: “Curity’s ambition to make the internet a safer place is a lofty goal. Realizing our vision requires continual innovation, product excellence, and a passionate group of highly skilled experts united by a shared mission. One important member of this team is the company’s owners. After a thorough investigation of potential investors, Curity finally selected GRO as a partner for four reasons: they understand our vision, product, and market; their operational skills will augment our ability to grow and expand; their portfolio of synergistic companies will boost the company; and, they have the financial capacity and conviction to help us achieve our goal. We are very excited about the partnership with GRO and believe that Curity’s growth is only more assured through this collaboration.” Simon Andersson, the Company’s chairman who will remain a director and continue in his capacity as the Company’s CFO/COO, adds,“GRO brings exactly what the company needs as we continue to scale beyond the inflection point.”
Morten Weicher, Partner at GRO, comments: “We are deeply impressed by the Curity team’s thought leadership and the innovative platform they have built to solve an increasingly critical problem for global enterprises. The prevalence of API-led malware attacks in the market has accelerated rapidly inrecent years, as modern enterprises continue to become more digitalized and interconnected, while we also see an industry-wide shift towards microservices-based IT infrastructures. Curity contributes significantly to making the digital world safer and more secure, and we are excited to support the company on its ambitious scaling journey by leveraging GRO’s significant operational and software expertise. The investment in Curity builds on GRO’s extensive cyber security experience and we look forward to welcoming another global leading company to the family.”
Curity is a leading provider of IAM and API security technology that enables user authentication andauthorization for a wide range of digital services. The Curity Identity Serveris highly scalable, and handles the complexities of the leading identity standards, making them easier to use, customize and deploy. Today, the Curity Identity Server is the most complete OAuth and OpenID Connect server, and we enjoy the trust of large organizations in most industries, including financial services, telecom, retail, gaming, energy, and government services across manycountries.
To learn more, visit curity.io.
GRO is a leading Northern European private equity firm with an exclusive focus on high-quality B2Bsoftware companies with strong growth prospects. GRO serves as an active owner developing portfolio companies with a view to create long-term value. GRO has approximately EUR 1bn in AUM.
Travis Spencer, Co-Founder& CEO
Morten Weicher, Partner