Omada A/S (“Omada”), a global leader in Identity Governance and Administration (IGA) software, today announced that GRO Fund III, the latest fund managed by GRO, together with Kirk Kapital has agreed to acquire the company from its existing shareholders. The transaction will mark a full exit for Omada’s previous shareholders, CVC Growth Funds and GRO Fund II. Terms of the transaction were not disclosed.

Founded in 2000 and headquartered in Copenhagen, Omada provides a modern, scalable, and cloud-native IGA solution that helps organisations manage identities and access across complex IT environments. Trusted by hundreds of organisations globally, Omada supports enterprise customers across industries, such as consumer, financial services, manufacturing, healthcare and critical infrastructure. The platform enables organisations to strengthen security, ensure compliance, and drive operational efficiency by automating identity and access governance at scale.

“We’re incredibly proud of the progress Omada has made over the past few years,” said Michael Garrett, CEO of Omada. “With support from CVC and GRO, we launched our industry-leading SaaS product and new AI features, more than doubled our customer base and further expanded in the North American market. The investment from GRO Fund III and the addition of Kirk Kapital marks a strong vote of confidence in our vision, team and market opportunity, and we look forward to continuing our growth with their backing.”

“Omada has grown into a category leader in IGA, with a robust cloud-native platform and a differentiated approach to managing identity at scale,” said Sebastian Kuenne, Partner at CVC. “Omada is a great example of the high growth, scaling businesses we love to support and we are grateful to have been part of this journey.”

Evercore acted as financial advisor and Bruun & Hjelje acted as legal advisor to Omada. The transaction remains subject to customary regulatory approvals.