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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