Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Tpg Leads $80 Million Investment in Sonatype

Published by Gbaf News

Posted on September 14, 2018

5 min read

Last updated: January 21, 2026

Add as preferred source on Google

Cybersecurity measures in a digital landscape - Global Banking & Finance Review — An illustration depicting cybersecurity challenges faced by businesses, highlighting the need for robust data protection measures in the banking and finance sectors.

Capital to Fuel Global Growth Requirements as Automated Open Source Governance Goes Mainstream

Sonatype, the leader in automated open source governance, today announced an $80 million minority investment led by TPG, a global alternative asset firm, with additional participation by existing investors Accel, Goldman Sachs Group and Hummer Winblad.

This capital will be leveraged to accelerate sales, marketing, and R&D investments, fund strategic corporate objectives, and expand Sonatype’s Nexus platform offerings now used by more than 10 million software developers and 1,000 enterprises worldwide.

“Open source ecosystems offer incredible value without any direct cost, and nearly everyone, whether individual developers, large enterprises, or government agencies, is reaping the benefit,” said Wayne Jackson, CEO of Sonatype. “Open source innovation has never been more vibrant but, as with any software, there is also potential downside. At Sonatype, we’re enabling organizations to confidently embrace open source so that they can both accelerate innovation and also mitigate risk. TPG is a great addition to our existing team of world-class investors and this transaction enhances an already strong balance sheet.”

Today’s IT leaders face intense pressure to accelerate the pace of software innovation while also improving security. As a result, Gartner forecasts, “by 2019, more than 70% of enterprise DevSecOps initiatives will have incorporated automated security vulnerability and configuration scanning for open-source components and commercial packages, up from less than 10% today,” wrote Neil MacDonald, David W. Cearley, Mike J. Walker, and Brian Burke in their 8 March 2018 report, Top 10 Strategic Technology Trends for 2018: Continuous Adaptive Risk and Trust.

“While the use of open source continues to grow exponentially, its unmanaged use presents significant security risks, as evidenced by last year’s breach at Equifax,” said Art Heidrich of TPG. “Sonatype has created a unique platform that addresses this rapidly growing and urgent market need. We look forward to working with Wayne and the Sonatype team to further realize the company’s potential.”

This news comes during a record year for Sonatype. Highlights include:

81% increase in year-over-year sales in 1H 2018
117% increase in year-over-year pipeline ACV /deal
114% year-over-year increase in monthly application scans via Nexus Lifecycle
5 million Nexus Repository users added since Jan. 1, 2018

Barclays acted as financial advisor to TPG in this transaction, which contained both primary and secondary funds. Wilson Sonsini Goodrich & Rosati served as legal advisor to TPG. Morrison & Foerster LLP served as legal advisor to Sonatype.

Capital to Fuel Global Growth Requirements as Automated Open Source Governance Goes Mainstream

Sonatype, the leader in automated open source governance, today announced an $80 million minority investment led by TPG, a global alternative asset firm, with additional participation by existing investors Accel, Goldman Sachs Group and Hummer Winblad.

This capital will be leveraged to accelerate sales, marketing, and R&D investments, fund strategic corporate objectives, and expand Sonatype’s Nexus platform offerings now used by more than 10 million software developers and 1,000 enterprises worldwide.

“Open source ecosystems offer incredible value without any direct cost, and nearly everyone, whether individual developers, large enterprises, or government agencies, is reaping the benefit,” said Wayne Jackson, CEO of Sonatype. “Open source innovation has never been more vibrant but, as with any software, there is also potential downside. At Sonatype, we’re enabling organizations to confidently embrace open source so that they can both accelerate innovation and also mitigate risk. TPG is a great addition to our existing team of world-class investors and this transaction enhances an already strong balance sheet.”

Today’s IT leaders face intense pressure to accelerate the pace of software innovation while also improving security. As a result, Gartner forecasts, “by 2019, more than 70% of enterprise DevSecOps initiatives will have incorporated automated security vulnerability and configuration scanning for open-source components and commercial packages, up from less than 10% today,” wrote Neil MacDonald, David W. Cearley, Mike J. Walker, and Brian Burke in their 8 March 2018 report, Top 10 Strategic Technology Trends for 2018: Continuous Adaptive Risk and Trust.

“While the use of open source continues to grow exponentially, its unmanaged use presents significant security risks, as evidenced by last year’s breach at Equifax,” said Art Heidrich of TPG. “Sonatype has created a unique platform that addresses this rapidly growing and urgent market need. We look forward to working with Wayne and the Sonatype team to further realize the company’s potential.”

This news comes during a record year for Sonatype. Highlights include:

81% increase in year-over-year sales in 1H 2018
117% increase in year-over-year pipeline ACV /deal
114% year-over-year increase in monthly application scans via Nexus Lifecycle
5 million Nexus Repository users added since Jan. 1, 2018

Barclays acted as financial advisor to TPG in this transaction, which contained both primary and secondary funds. Wilson Sonsini Goodrich & Rosati served as legal advisor to TPG. Morrison & Foerster LLP served as legal advisor to Sonatype.