Identity management platform Saviynt secures $205M in debt, appoints new CEO

Showing that there’s real investor enthusiasm for identity management platforms, Saviynt, which enables companies to secure apps, data and infrastructure in a single platform, today announced that it raised $205 million in debt from AB Private Credit Investors’ Tech Capital Solutions group.
Founder Sachin Nayyar, who returned to Saviynt as CEO this week alongside newly-appointed president Paul Zolfaghari, said that the loan will be put toward expanding Saviynt’s platform, acquiring customers and growing the company’s partner ecosystem. He noted that the investment brings Saviynt

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