Thoma Bravo Acquires ForgeRock; Combines ForgeRock into Ping Identity

August 23, 2023

Thoma Bravo completed its $2.3 billion all-cash acquisition of ForgeRock, paying $23.25 per share and taking the company private. The firm will combine ForgeRock into its existing portfolio company Ping Identity to broaden capabilities and scale in the Identity and Access Management market; ForgeRock’s Class A common stock was delisted from the NYSE.

Buyers
Thoma Bravo, Ping Identity
Targets
ForgeRock
Sellers
ForgeRock stockholders
Platforms
Ping Identity
Industry
Software
Location
California, United States
Transaction Type
Addon

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