Thoma Bravo announced the completion of its acquisition of ForgeRock in an all-cash transaction valued at approximately $2.3 billion.
The acquisition agreement, which was previously announced on October 11, 2022, and approved by ForgeRock stockholders on January 12, 2023, enabled Thoma Bravo to combine ForgeRock into its portfolio company Ping Identity.
The combined company is positioned to better serve customers across the Identity and Access Management market by providing enhanced products and services, broader geographic support, and increased innovation. The combined company will seek to accelerate the delivery of identity security experiences for the customers, employees, and partners of companies worldwide.
ForgeRock provides an identity platform that delivers solutions for customers, employees, and connected devices, with more than 1,300 organizations using it to manage and secure identities with identity orchestration, dynamic access controls, governance, and APIs in any cloud or hybrid environment.
Ping Identity allows companies to combine identity solutions with third-party services they already use to remove passwords, prevent fraud, support Zero Trust, or anything in between.
FinSMEs
24/08/2023