Thoma Bravo has expanded its cybersecurity portfolio with the acquisition of California-based Imperva.
Under the terms of the agreement, Imperva stockholders will receive $55.75 per share in cash in a transaction valued at approximately $2.1bn.
Imperva delivers best-in-class solutions to protect data and applications – wherever they reside – on-premises, in the cloud, and across hybrid environments. The company’s Incapsula, SecureSphere, and CounterBreach product lines claim to help organisations protect websites, applications, APIs, and databases from cyberattacks while ensuring compliance. It uses data, analytics, and insights from our experts and our community to deliver simple, effective and enduring solutions that protect our customers from cybercriminals.
“Thoma Bravo has an excellent track record of supporting and adding value to leading cybersecurity companies, and we are delighted to bring on a partner with their caliber of strategic expertise,” said Chris Hylen, President and CEO of Imperva. “This transaction will provide immediate and substantial value to Imperva stockholders. The company will have greater flexibility to focus on executing our long-term strategy. We are excited to begin our partnership with Thoma Bravo.”
Founed in 2002, Imperva provides data and application security solutions that protect business-critical information in the cloud and on-premises. Its solutions protects cloud applications, websites and applications, files, SharePoint systems, databases and big data repositories from both theft and ever-evolving extortion attacks like DDoS and ransomware.
More than 5,200 customers worldwide use the company’s offering to protect data and applications., including financial services firms, healthcare companies and government agencies. Its customers include Sok-Bau, Siam City Bank, Paymetric, National Bankcard Services, Intuition Systems, Global Financial Services Enterprise, and eToro, among others.
“Digital transformations are occurring in virtually every industry and at accelerating speeds. Software applications and data are at the epicenter of this new digital economy and are increasingly under cyberattack. We believe Imperva’s market leading technology will continue to play a huge role in protecting the broader digital economy,” said Chip Virnig, a Partner at Thoma Bravo.
With offices in San Francisco and Chicago, Thoma Bravo is a private equity firm focused on the software and technology-enabled services sectors. Its previous investments include Barracuda Networks, DigiCert, Dynatrace, McAfee, Riskonnect, and SailPoint Technologies.
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