Acquisition
Mar 2026Delinea completed its acquisition of StrongDM; financial terms were not disclosed. The deal expands Delinea into developer-oriented and AI-agent runtime authorization.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Aug 5, 2026
Overview
Delinea is a privately held cybersecurity software company formed from the 2021 combination of Thycotic and Centrify. It provides an identity-security control plane that discovers identities, assesses risk, vaults credentials, and governs privileged access and real-time authorization across human, machine, and AI identities.
Primary product
Delinea Platform, including Secret Server privileged access management (PAM), identity discovery and inventory, credential vaulting, privileged secure access, just-in-time/zero-standing-privilege controls, identity posture analysis, and governance.
Founded
2021
Headquarters
San Francisco, California, United States
Team size
900-1,000
Work style
Flexible
Industry
Software development / cybersecurity
Sub-industry
Identity security and privileged access management (PAM)
Offices
San Francisco, California, United States
Redwood City, California, United States
Lehi, Utah, United States
Boston, Massachusetts, United States
Des Moines, Iowa, United States
Bellevue, Washington, United States
Munich, Germany
Dubai, United Arab Emirates
Singapore
London, United Kingdom
Business model
Enterprise B2B SaaS
Funding
Stage
Private equity-backed / privately held
Total raised
$1.5B
Latest round
Private equity acquisition and combination of Thycotic and Centrify · Mar 2021
Latest amount
$1.4B
Private equity acquisition / Thycotic-Centrify combination
Mar 2021 · TPG Capital
People & investors
Leadership
Chief Executive Officer
Chris Kelly
President, Go-To-Market
Subhi Sherwell
Interim Chief Financial Officer
Phil Calvin
Chief Product Officer
Suzanne Tom
Chief Legal Officer
Josh DeLong
Chief Customer Officer
Kate Reed
Chief Marketing Officer
Pierre Mouallem
Chief Information Security Officer
Missy Ballew
Chief People Officer
Work & culture
Delinea describes a global, collaborative, people-first and flexible/hybrid culture, with employees in almost 40 countries. Its stated values are Spirited, Trust, Respect, Ownership, Nimble, and Global.
Work style
Flexible
Visa sponsorship
Limited
Compensation
Public signals indicate competitive salaries, bonus and equity programs, and retirement/health benefits. Reported US H-1B/LCA filings include software and engineering roles with a reported median salary of about $149,958; some individual postings explicitly exclude candidates needing future US work authorization, so sponsorship is role- and location-dependent.
Benefits
Equity program for eligible roles
Bonus opportunity for full-time employees
Flexible discretionary time off
Paid family leave
12 paid company holidays in the United States
Medical, dental, and vision coverage
HSA/FSA options
Life insurance and short- and long-term disability
401(k) matching
Leadership and employee development
Product & market
Pricing
Quote-based enterprise pricing; flexible licensing is referenced for partner/managed-service offerings. Public list pricing was not found.
Differentiators
- —Real-time authorization and action-level control rather than access-only controls
- —Coverage of human, machine, and AI identities
- —Zero Standing Privilege and just-in-time access
- —Cloud, on-premises, hybrid, and ephemeral-environment support
- —Integrated discovery, risk analysis, vaulting, access, and governance
- —Delinea Iris AI and runtime authorization for AI agents
- —Claims 99.995% uptime and up to 90% fewer management resources than the nearest competitor
Technology
Scale & contact
Estimated revenue
Approximately $400M-$500M annual revenue/ARR signal. Delinea reported ARR above $400M in August 2025; third-party estimates vary materially and should be treated cautiously.
Estimated monthly visits
256.3K
Traffic estimate as of Jun 2026
Signals & risks
Acquisition
Apr 2021Delinea was formed through the merger of Thycotic and Centrify under TPG ownership.
SourceOther
Mar 2021The Thycotic transaction was reported at approximately $1.4 billion; terms for the broader combination were not fully disclosed.
Latest news
Delinea · Jul 2026
Released runtime authorization that evaluates and records AI-agent actions within sessions and supports Zero Standing Privilege for agents.
GlobeNewswire / Delinea · Jul 2026
Secret Server became available to US federal agencies through FedRAMP High authorization, in partnership with UberEther.
Delinea · Mar 2026
Completed the acquisition of StrongDM, combining enterprise PAM with runtime authorization for developers, machines, and AI agents.
Delinea · Jan 2026
Announced the proposed StrongDM acquisition; financial terms were undisclosed and closing was expected in Q1 2026.
Open Positions
69 jobs at Delinea
Senior .NET Software Engineer
Remote
Engineering
U.S. Remote
Today
Remote
Full-time