McCarthy Capital and WaittCorp have sold CoSentry to TA Associates. The company provides a number of IT services to companies, including colocation, managed internet services, cloud computing and managed technical services. WaittCorp, the investment company of Norm Waitt, formed CoSentry with management in 2000. McCarthy made a growth investment to support the company's expansion in 2008. Signal Hill Capital Group initiated the sale and advised the company on the process.