Collaborate Disseminate
Thoma Bravo must really like Flexera, an IT asset management company out of Chicago. The private equity firm bought the company for the second time today. Sources told TechCrunch the price was $2.85 billion. Technically, Thoma Bravo is getting a majority stake in the company, buying it from previous owners TA Associates and Ontario Teachers’ […] Continue reading Thoma Bravo acquires Flexera for second time paying $2.85B
IT security software company Ivanti has acquired two security companies: enterprise mobile security firm MobileIron, and corporate virtual network provider Pulse Secure. In a statement on Tuesday, Ivanti said it bought MobileIron for $872 million in stock, with 91% of the shareholders voting in favor of the deal; and acquired Pulse Secure from its parent […] Continue reading Ivanti has acquired security firms MobileIron and Pulse Secure
Four years ago, Ping Identity was at a crossroads. A venerable player in the single sign-on market, its product was not a market leader, and after 14 years and $128 million in venture capital, it needed to find a new path. While the company had once discussed an IPO, by 2016 it began putting out […] Continue reading Private equity firms can offer enterprise startups a viable exit option
Thoma Bravo announced today that it has closed its hefty $3.9 billion acquisition of security firm Sophos, marking yet another private equity deal in the books. The deal was originally announced in October. Stockholders voted to approve the deal in December. They were paid $7.40 USD per share for their trouble, according to the company, […] Continue reading Thoma Bravo completes $3.9B Sophos acquisition
Two months after Imperva disclosed a data breach, the CEO of the enterprise security company reportedly has resigned. Chris Hylen left his position on Oct. 21,. Hylen began in that role in August 2017, according to his LinkedIn page, and led the company to a reported $2.1 billion acquisition by Thoma Bravo, an American private equity firm. Imperva’s chairman, Charles Goodman, will assume the interim CEO position while the board seeks a permanent replacement, a company spokesperson said in a statement. “Effective Tuesday, October 22, 2019, Chris Hylen stepped down from his role as Chief Executive Officer,” athe spokesperson said. “This decision was made mutually by Mr. Hylen and the Thoma Bravo board.” The Israeli news outlet CTECH first reported the news. Imperva in August said that data belonging to customers of its cloud-based web application firewall product was exposed, resulting in the compromise of scrambled passwords, email addresses and SSL […]
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The pending $3.9 billion acquisition of Sophos by Thoma Bravo, announced this week, is part of a larger effort to transform how cybersecurity is achieved and maintained. Sophos CEO Kris Hagerman said as the threats organizations face increase in both … Continue reading Sophos CEO: Pending Acquisition Part of Larger Services Shift
Thoma Bravo will acquire British network security firm Sophos for $3.8 billion in cash, the firms announced Monday, marking another major deal that could reshape a decades-old security vendor. The deal is a win for Sophos investors, who will be paid $7.40 per share, up from the Oct. 11 closing price of $4.86. Chicago-based Thoma Bravo, a private equity firm, has acquired more than 200 technology companies over the past 40 years, and recently targeted security firms. Thoma Bravo had been in talks to acquire Symantec, a Sophos competitor, before that company sold much of its business to Broadcom. This comes amid a period of historic consolidation in the cybersecurity industry. There has been more than 80 mergers or acquisitions by August this year, up from 54 deals over the same period in 2018, as industry leaders seek to incorporate a suit of products into a single portfolio. Offering security clients more […]
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Security vendor Imperva will acquire bot mitigation company Distil Networks to bolster its services amid a frenzied period of merger and acquisition activity in the cybersecurity market. Imperva announced Tuesday its executives have signed a deal that will result in Distil being folded into a comprehensive security platform, Imperva CEO Chris Hylen said in a statement. The company told CyberScoop the transaction has not yet closed, and at this time things remain business as usual for both companies. Terms of the deal were not disclosed. Distil will continue to function and serve its customers while integration plans are implemented. “Distil Networks gives us a comprehensive bot management solution that identifies, responds to and manages a full range of automated attacks no matter whether there’s applications or APIs are deployed,” Hylen said. Imperva, founded in 2002, promises clients real-time activity monitoring, threat mitigation and risk management services. The company was acquired […]
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Mailgun, an email API delivery service, announced today that it was selling a majority stake in the company to private equity firm Thoma Bravo. The companies did not share terms, but this is the second owner in the company’s 8+ year history. Mailgun provides API services for building email functionality into applications. It has over […] Continue reading Mailgun changes hands again as Thoma Bravo buys majority stake
It’s starting to happen. Amid a flurry of mergers and acquisitions, the cybersecurity industry is embarking on a path of consolidation that analysts predict will result in the existence of far fewer companies within just a few years. Thousands of cybersecurity vendors are in the marketplace, offering services ranging from anti-phishing and malicious software analysis to threat detection that relies on artificial intelligence technology. The number of companies will reduce by half within five to seven years, as many existing firms are acquired by larger players, and others simply go out of business, said Bill Crowell, a partner at the venture capital firm Alsop Louie Partners. “Cyber defense is about having an integrated set of tools that work together to prevent attacks,” said Crowell, a former deputy director of the U.S. National Security Agency. “But the industry now has a thousand points of light and no illumination. It’s as if […]
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