Thoma Bravo to buy ForgeRock for $2.3 bn

Thoma Bravo, a leading software investment firm, is set to buy ForgeRock, a digital identity leader, for $23.25 per share, in an all-cash transaction valued at approximately $2.3 billion.
VC funding for tech
Thoma Bravo has already acquired cybersecurity firm SailPoint, agreed to buy Ping Identity Holding and has expressed interest in British firm Darktrace and Australia’s Nearmap so far this year.

San Francisco-based ForgeRock provides identity and access management solutions for consumers, workforce and internet of things devices.

Prior to its public listing in 2021, ForgeRock had raised over $230 million in growth capital from investors, including Accel, KKR & Co and Riverwood Capital.

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