Press release content from Business Wire. The AP news staff was not involved in its creation. TPG-Led Investor Group Announces Combination of Thycotic and Centrify to Create a Leading Cloud Identity Security Vendor March 2, 2021 GMT SAN FRANCISCO & WASHINGTON & SANTA CLARA, Calif.--(BUSINESS WIRE)--Mar 2, 2021-- TPG Capital, the private equity platform of alternative asset firm TPG, announced today that it has signed a definitive agreement to combine Thycotic, a next-generation, cloud-first company with innovative identity security solutions, and Centrify, a trusted PAM market leader. The combination creates a dynamic identity security provider offering scalable, world-class products in an environment where cyber-attacks are increasing in frequency and sophistication. The acquisition of Thycotic from Insight Partners and subsequent merger follows TPG’s previously announced acquisition of Centrify, which has now closed.