Private investment firm buying Roseland-based identity solutions firm Sectigo

Sectigo, a Roseland-based provider of identity management and web security solutions, will be acquired by private investment firm GI Partners, it announced this week.

The San Francisco-based investment firm signed a definitive agreement to buy Sectigo, which provides digital identity solutions to more than 700,000 businesses worldwide. Sectigo, which was founded in 1998, has operated as an independent company since it was acquired by Francisco Partners in 2017.

“It has been a pleasure partnering with the Francisco Partners team over the past few years, and we look forward to working with GI Partners as we write the next chapter of Sectigo’s story,” CEO Bill Holtz said in a prepared statement. “The GI Partners team has a strong track record of helping technology companies expand through organic growth acceleration, M&A and investments to support innovation.

“We have a strong foundation as a leader in the cybersecurity market and we are excited to work with GI Partners to continue delivering value to our customers and partners through automation, products and acquisitions.”

The transaction is expected to be finalized in the fourth quarter, pending customary approvals and conditions.

UBS Securities LLC acted as Sectigo’s lead financial adviser, while Jefferies LLC acted as GI Partners’ sole financial adviser.