By ET Bureau - February 01, 2023 1 Mins Read
Saviynt Inc., a startup in the cybersecurity industry, has announced that AB Private Credit Investors has provided USD 205 million in debt financing. In addition, Saviynt disclosed that founder Sachin Nayyar would take over as CEO once more.
From the company’s 2011 founding until 2018, Nayyar served as CEO. The executive left Saviynt and founded Securonix Inc., a cybersecurity startup that last year raised more than USD 1 billion in funding. Paul Zolfaghari, a technology executive and investor, is joining Saviynt as president in addition to Nayyar. The CEO of Saviynt since 2018 will now serve as the company’s chief growth officer.
The cloud platform provided by Saviynt eliminates the requirement for numerous access management tools. The platform can handle employee sign-ins for both on-premises and cloud-based applications.
Read More: Saviynt raises $205M in debt financing as founder returns to CEO post
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