September 21, 2023

Volaris Group, a private equity firm announced that it has acquired identity management solutions company Hitachi ID Systems for an undisclosed price and renamed the company Bravura Security.

Initially named as M-Tech Information Technology until Hitachi Ltd. acquired it in 2008, offers an identity management, privileged access and password management platform in one solution.

The ability to optimize internal controls, improve user service, lower operating costs and strengthen network security is the main feature


Few of customers are Ohio National Financial Services, Nestle S.A., DocuSign Inc., General Dynamics Corp., BlueCross BlueShield, Sybase and NCR Corp.

Volaris said that it had acquired what’s now Bravura Security for its mission-critical software, strong market position, experienced management team, in-depth industry knowledge and customer focus.

Bravura Security marked to be 55th acquisition of Volaris and will continue to be led by existing Hitachi ID Chief Executive Officer Nick Brown, with the support of existing management and key personnel.

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