Transaction · Cybersecurity · 2022

Thoma Bravo / ForgeRock 2022

Thoma Bravo acquired ForgeRock for $2.3B on October 11, 2022.

Target
ForgeRock
Acquirer
Thoma Bravo
Deal value
$2.3B
Announced
October 11, 2022
Sub-sector
Cybersecurity

Transaction overview

  • Thoma Bravo announced the acquisition of ForgeRock on October 11, 2022 for $2.3B.
  • The deal is expected to close pending customary conditions.

Strategic rationale

Thoma Bravo acquires identity vendor ForgeRock, later merged into Ping Identity.

Deal terms & multiples

Deal value
$2.3B
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
October 11, 2022
Acquirer
Thoma Bravo (PE)
Sub-sector
Cybersecurity

Frequently asked questions

How much did Thoma Bravo pay for ForgeRock?

Thoma Bravo acquired ForgeRock for $2.3B, announced on October 11, 2022.

When did Thoma Bravo announce the acquisition of ForgeRock?

Thoma Bravo announced the acquisition of ForgeRock on October 11, 2022.

What sub-sector is ForgeRock in?

ForgeRock is tracked in the Cybersecurity sub-sector.

Sources

  • techcrunch.com /2022/10/11/thoma-bravo-buys-third-identity-company-this-year-with-2-3b-forgerock-acquisition/