Fortra - M&A Summary, Ownership, and Business Overview

Information TechnologyCompany

Fortra M&A Summary

Fortra has acquired 25 companies of its own, including 15 in the last 5 years. A total of 5 acquisitions came from private equity firms.

Fortra’s largest acquisition to date was in 2020, when it acquired Globalscape for $217M. Fortra has acquired in 12 different US states, and 5 countries. The Company’s most targeted sectors include software (56%) and information technology (40%).

Fortra Ownership

Who owns Fortra?

Fortra is owned by Alberta Investment Management, Charlesbank Capital Partners, Harvest Partners Structured Capital, HGGC and TA Associates. It was acquired on April 4, 2018.

Is Fortra PE-backed?

Yes. Fortra is owned by private equity investors Alberta Investment Management, Charlesbank Capital Partners, Harvest Partners Structured Capital, HGGC and TA Associates.

Was Fortra formerly PE-backed?

Yes. Fortra was formerly owned by 3 private investors.

Fortra Business Overview

Where is Fortra headquartered?

Fortra is headquartered in Eden Prairie, Minnesota.

What sector is Fortra in?

Fortra is an information technology company.

When was Fortra founded?

Fortra was founded in 1982.

M&A Summary

  • M&A Total Activity25
    • M&A Buy Activity25
  • Total Sectors Invested 3
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 7
  • M&A Advisors 2

Fortra

Fortra LLC

11095 Viking Drive Suite 100,
Eden Prairie, Minnesota 55344
United States,
(800) 328-1000
www.fortra.com

Fortra provides security, systems and network management, automation, business intelligence and compliance solutions. The Company’s software and services monitor and automate processes, encrypt and secure data, and provide access to the information that large organizations need every day. Fortra was founded in 1982 and is based in Eden Prairie, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.8/yr) # 11 4 6 4 - - 25
vol $263M $263M
Sell (0.0/yr) # - - - - - - 0
  25

Most Recent M&A

Company Date Value Type
Outflank B.V. 2022-09-01 - Add-on Acquisition
Amsterdam, Netherlands · www.outflank.nl
Terranova Worldwide Corp. 2022-04-08 - Add-on Acquisition
Laval, Quebec · www.terranovasecurity.com
Alert Logic, Inc. 2022-03-09 - Add-on Acquisition
Houston, Texas · www.alertlogic.com
Tripwire, Inc. 2022-02-09 - Divestiture
Portland, Oregon · www.tripwire.com
Digital Guardian, Inc. 2021-10-27 - Add-on Acquisition
Waltham, Massachusetts · www.digitalguardian.com
PhishLabs, Inc. 2021-10-19 - Add-on Acquisition
Charleston, South Carolina · www.phishlabs.com
Agari Data, Inc. 2021-05-13 - Add-on Acquisition
Foster City, California · www.agari.com
Beyond Security, Inc. 2021-05-11 - Add-on Acquisition
Roseville, California · www.beyondsecurity.com
Digital Defense, Inc. 2021-02-03 - Add-on Acquisition
San Antonio, Texas · www.digitaldefense.com
Unlimi-Tech Software, Inc. 2021-01-04 - Add-on Acquisition
Ottawa, Ontario · www.filecatalyst.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Fox Technologies, Inc. 2017-12-12 GroundWork Open Source, Inc. 2022-02-02 1
Grand Rapids, Michigan · www.foxt.com West Hollywood, California · www.gwos.com

M&A by Sector

Sector Buy # Value Sell # Value
Software 14 (56%) 263M (100%) - -
Information Technology 10 (40%) - - -
Internet Software and Services 1 (4%) - - -
Total 25 $263M - -

By Geo

State/Country Buy Value Sell Value
United States 18 217M - -
  California 5 - - -
  Texas 3 217M - -
  Washington 1 - - -
  South Carolina 1 - - -
  Pennsylvania 1 - - -
  Oregon 1 - - -
  New Hampshire 1 - - -
  Minnesota 1 - - -
  Michigan 1 - - -
  Massachusetts 1 - - -
  Colorado 1 - - -
Canada 3 - - -
  Ontario 2 - - -
  Quebec 1 - - -
United Kingdom 2 46M - -
Netherlands 1 - - -
Spain 1 - - -
Domestic 18 (72%) 217M (82%) - -
Cross-border 7 (28%) 46M (18%) - -
Total 25 $263M - -

Top M&A Advisors

Financial Deals
Cowen Group, Inc.
1
Legal Deals
Goodwin Procter
1

Deal Values

buy # Total
$100M to $1B 1 $217M
< $100M 1 $46M
TOTAL $263M
Largest Globalscape, Inc.
$217M (2020-07-20)

M&A Connections

Deals
Acquired from
Investor(s)
20%
5 (20%)
Strategic(s)
16%
4 (16%)

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