Welsh Carson Invests in Identity and Access Management Solutions
Ropes & Gray counseled Welsh, Carson, Anderson & Stowe in its investment in Simeio Solutions, a provider of end-to-end identity and access management (IAM) solutions. The capital provided by Welsh Carson will be used by Simeio to expand its suite of solutions and enter new markets. Financial details of the investment, announced April 20, were not disclosed.
The New York-based Ropes & Gray team included private equity partner Christopher Rile; benefits partner Alexandra Alperovich; tax partner Leo Arnaboldi; and benefits associate Joshua Lichtenstein.