Thoma Bravo Buys ForgeRock

Thoma Bravo is shelling out $2.3 billion for ForgeRock, an identity management company. The acquisition will take ForgeRock private. The all-cash transaction should close in the first half of 2023.

Chip Virnig is a partner at Thoma Bravo.

“Identity-centric cybersecurity solutions are a critical enabler for businesses to digitally transform their operations,” he said. “And ForgeRock’s solutions combine both the advanced security and customer usability needed in the market. We look forward to partnering with ForgeRock to leverage our deep sector expertise and support the company to capitalize on this tremendous market opportunity.”

Thoma Bravo is also buying Ping Identity. Find out the price tag here.