Soon after private investment firm Thoma Bravo acquired security software company Entrust, Inc. in 2009, the San Francisco-based group established many aggressive financial goals as part of a multi-year strategy for the company. Four years later, Entrust has exceeded those expectations, transforming into a leading identity-based security company with a solid business model underpinned by 69 percent recurring revenue and a company-record EBITDA percentage of over 28 percent.

Accomplishments include the successful recapitalization in February 2011 and again in November 2012 with a financing team co-led by Wells Fargo Capital Finance.

"We are very pleased to have been a part of the Entrust lending group since they went private in 2009 and are impressed with the growth in Entrust's recurring revenues and the consistent execution by the management team," said John Nocita , managing director of Wells Fargo Capital Finance.