Francisco Partners acquired Forcepoint, an Austin, TX-based provider of cybersecurity solutions that protects the critical data and networks of thousands of customers throughout the world, from Raytheon Technologies.
The amount of the deal was not disclosed. Debt financing for this transaction was provided by Credit Suisse.
Led by Matt Moynahan, CEO, Forcepoint offers a portfolio of cybersecurity solutions, enabling enterprises worldwide to monitor and protect networks, endpoints, data, and users. The company’s behavior-based solutions adapt to risk in real-time and are delivered through a cloud-native security platform that protects network users and cloud access, prevents confidential data from leaving the corporate network, and eliminates breaches caused by insiders.
Thousands of customers in more than 150 countries use Forcepoint to safeguard their organizations while driving digital transformation and growth and providing secure access that enables employees to create value.