Keyfactor & PrimeKey Merge: The Machine‑Identity Powerhouse
What’s the Deal?
Keyfactor and PrimeKey have inked a joint plan to roll everything under the Keyfactor banner while turning up the volume on investments across every product line.
Why This Is a Game‑Changer
- Keyfactor – the trailblazer behind PKI as‑a‑Service and the captain of certificate lifecycle automation and crypto‑agility.
- PrimeKey – the brains behind EJBCA, the most powerful, flexible CA that fuels DevOps, IoT, manufacturing, and big‑box enterprises.
- Combined, they birth the first machine‑identity management platform that marries automated certificate issuing with EJBCA’s nitty‑gritty control.
End‑to‑End Machine Management
Think of it as a one‑stop shop for machine identities: scalable certificates delivered automatically, ready for any complex enterprise or cutting‑edge IoT/OT scenario.
CEO Jordan Rackie Speaks
“In a zero‑trust world, you can’t just ignore machine identities,” Rackie says. “Our 50% YoY grow shows the urgency to lock every machine before brand whiplash or fines hit the floor. Partnering with PrimeKey doesn’t just boost our products; it fuels distribution, expertise, and our thriving open‑source community.”
Gartner’s Hype Cycle Spotlight
Machine identity management was spotlighted in Gartner’s 2020 Identity & Access Management Hype Cycle as a “high” benefit. Even though machines outnumber people in terms of keys, certs, and secrets, the gap persists.
CEO Magnus Svenningson Adds the Flavor
“Our offerings now give you more wrinkles of choice: PKI as‑a‑Service, SaaS PKI on Azure/AWS/GCP, appliance, or FIPS 140‑certified hardware,” Svenningson grins. “You’ll get a single pane of glass across hybrid and multi‑cloud worlds. Our open‑source stack—EJBCA, SignServer, Bouncy Castle—has developer hearts racing for DevSecOps.”
People & Leadership
- PrimeKey staff join Keyfactor for an unmatched talent mix.
- Jordan Rackie stays at the helm as CEO.
- Magnus Svenningson becomes CSO and EVP of Business Development.
Global Footprint & Closing the Deal
Together, they’ll operate worldwide with hubs in the U.S., EMEA, and APAC. The deal should close in the next 90 days once Swedish regulators give the thumbs‑up.
Market Outlook
Thomas Krane of Insight Partners says, “Securing machine identities isn’t optional— it’s the new cornerstone of identity governance.” He notes the shift from human to machine identity is reshaping IAM, positioning Keyfactor at the forefront.
Funding Highlights
The $125 M growth infusion, led by Insight Partners, builds on a prior $77 M investment from 2019—so the cash flow is pretty sweet.
