Thoma Bravo seals $2.3bn ForgeRock deal to bolster Ping Identity

Thoma Bravo

Thoma Bravo, a renowned PE firm, and ForgeRock, an identity solutions firm, have officially confirmed the finalisation of their acquisition deal.

This move integrates ForgeRock into Thoma Bravo’s existing portfolio company, Ping Identity.

This acquisition, which comes with a hefty price tag of $2.3bn, seeks to cement the combined entity’s position in the rapidly evolving Identity and Access Management sector. By unifying their strengths, the companies aim to offer enhanced product lines, broader support across regions, and escalate their pace of innovation.

ForgeRock stands out in the industry for enabling individuals to seamlessly and securely interact with the digital realm. Its ForgeRock Identity Platform is trusted by over 1,300 organisations, offering top-notch solutions for customers, staff, and connected gadgets.

This platform is known for its capabilities in managing and safeguarding identities, providing features like identity orchestration, dynamic access controls, governance, and cloud-friendly APIs.

Post-acquisition, all ForgeRock shareholders will be compensated with $23.25 in cash for every ForgeRock class A and class B common stock they possess. As a result of this acquisition, ForgeRock’s class A common stock will cease trading and will be delisted from the New York Stock Exchange.

Furthermore, by integrating ForgeRock into Ping Identity, the combined company aims to expedite the provision of superior identity security experiences for various stakeholders including clients, employees, and global partners.

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