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Akoya Capital Partners With Talisen and Mycroft in Identity Management Merger.

Article Excerpt
E&Y/Capgemini Veteran Executive Terry Jost to Lead Robust IAM/BPM Company

CHICAGO, June 28 /PRNewswire/ -- Akoya Capital, LLC announced today that it has initiated, structured and closed the merger of Talisen Technologies with Mycroft, Inc. Talisen has been a top provider of IT and business process management (BPM) solutions and managed infrastructure services, while Mycroft has been a recognized leader in identity and access management (IAM). Together they will be a premier provider of IAM and related IT security services, leveraging a variety of established and emerging vendor relationships.

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Talisen CEO Terry Jost will head the new company -- Mycroft Talisen Inc. -- as chief executive officer, with Jonathan Freeman, founder and president of Mycroft, taking the role of president.

Equity financing for the transaction was provided by Akoya Capital and other co-sponsors.

Mycroft Talisen Inc. will have offices in New York, St. Louis, Long Beach, Calif., and the UK. The new organization will provide services to large- and medium-sized organizations across a variety of vertical markets, including financial services, retail, health care, higher education, and state and local government.

Enterprise-wide IAM has become a mission-critical corporate issue. Rigor behind identity management solutions ensures users have access to appropriate information in a manner that protects business value, complies with regulatory requirements...

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