Thoma Bravo closes $2.3 bln deal to take software firm ForgeRock private

ForgeRock

23/08/2023 14:14

Aug 23 (Reuters) - Tech-focused private equity Thoma
Bravo said on Wednesday it has closed its $2.3 billion all-cash
deal to acquire identity and access management software firm
ForgeRock  FORG.N .
    The company said it has merged the cybersecurity firm with
Ping Identity, which it had acquired last year for $2.4 billion.
    Thoma Bravo agreed to buy ForgeRock for $23.25 per share in
October and had said it expected the deal to close in the first
half of 2023.
    ForgeRock late last year received notice from the U.S.
Department of Justice (DoJ) for more information on the deal.
The DOJ declined to challenge the deal, Bloomberg News reported
on Tuesday.
    
    

 (Reporting by Akash Sriram in Bengaluru; Editing by Arun
Koyyur)
 ((Akash.Sriram@thomsonreuters.com; @HoodieOnVeshti on Twitter;
+91-74116-87774;))