Thoma Bravo Acquires Majority Stake in ForgeRock Business

Thoma Bravo, a private equity firm, acquired a majority stake in ForgeRock, a leading identity management company. This significant investment is expected to fuel ForgeRock's growth and expansion.

ForgeRock's identity management solutions have gained popularity among organizations, helping them manage digital identities and access. With Thoma Bravo's backing, ForgeRock will likely continue to innovate and improve its offerings.

Thoma Bravo's investment in ForgeRock is a strategic move to capitalize on the growing demand for identity management solutions. This acquisition is a testament to ForgeRock's success and potential for further growth.

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Thoma Bravo Acquisition is a significant move in the tech industry. Thoma Bravo completed its acquisition of ForgeRock in an all-cash transaction valued at approximately $2.3 billion.

Thoma Bravo acquired ForgeRock through an all-cash deal, paying out $23.25 per share of ForgeRock class A common stock and class B common stock. This acquisition was previously announced on October 11, 2022, and approved by ForgeRock stockholders at a Special Meeting held on January 12, 2023.

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J.P. Morgan acted as the exclusive financial advisor to ForgeRock, while Wilson Sonsini Goodrich & Rosati, P.C., served as legal counsel to ForgeRock. Kirkland & Ellis LLP and Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal counsel to Thoma Bravo.

Thoma Bravo has combined ForgeRock into its portfolio company Ping Identity, creating a new entity positioned to serve customers across the Identity and Access Management market. This move aims to provide enhanced products and services, broader geographic support, and increased innovation to customers worldwide.

The transaction between Thoma Bravo and ForgeRock is expected to close in the first half of 2023. This timeline is subject to customary closing conditions, which include approval by ForgeRock's shareholders and the receipt of required regulatory approvals.

ForgeRock's common stock will no longer be publicly listed after the transaction is completed. This means ForgeRock will become a privately held company.

Enterprise software is a significant part of Forgerock's offerings, with a focus on identity management and security solutions.

Thoma Bravo's acquisition of Forgerock has expanded the company's reach in the enterprise software market, allowing it to tap into new customers and opportunities.

Forgerock's identity management software provides a robust platform for managing user identities across multiple systems and applications, with features like single sign-on and access management.

The company's solutions are designed to help organizations improve security and compliance, while also enhancing the user experience through streamlined identity management.

Forgerock's software is used by major enterprises across various industries, including finance, healthcare, and government.

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Thoma Bravo has acquired a majority stake in USU Product Business, marking a significant move in the enterprise software landscape.

Thoma Bravo is a leading software investment firm, known for its strategic acquisitions and partnerships.

This acquisition is a testament to the growing demand for enterprise software solutions, as companies seek to optimize their operations and improve efficiency.

Thoma Bravo's expertise in software investment will likely help USU Product Business expand its offerings and reach new markets.

USU Product Business has a strong reputation for providing innovative software solutions, and this partnership is expected to further enhance its capabilities.

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