M&A Deal Summary

CyberArk Acquires IDaptive

On May 13, 2020, CyberArk acquired software company IDaptive from Thoma Bravo for 70M USD

Acquisition Highlights
  • This is CyberArk’s 4th transaction in the Software sector.
  • This is CyberArk’s largest (disclosed) transaction.
  • This is CyberArk’s 4th transaction in the United States.
  • This is CyberArk’s 1st transaction in California.

M&A Deal Summary

Date 2020-05-13
Target IDaptive
Sector Software
Buyer(s) CyberArk
Sellers(s) Thoma Bravo
Deal Type Add-on Acquisition
Deal Value 70M USD

Target

IDaptive

Santa Clara, California, United States
website
IDaptive LLC delivers Next-Gen Access, a more advanced version of traditional access management technologies, to protect organizations from data breaches. IDaptive products are built on Zero Trust, an IT architecture based on the principle of “never trust, always verify.” Unlike other providers of access management, IDaptive uniquely combines leading capabilities to seamlessly integrate single-sign-on (SSO), multi-factor authentication (MFA), enterprise mobility management (EMM), and user behavior analytics (UBA). Its solutions intelligently determine the authenticity of a digital user and the user’s device, govern access across an organization’s resources, and react when risky behavior is detected. IDaptive was formed in 2018 and is based in Santa Clara, California.

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Buyer(S) 1

Buyer

CyberArk

Petach Tikva, Israel

website


Category Company
Founded 1999
Sector Software
Employees1,689
Revenue 464M USD (2020)
DESCRIPTION

CyberArk focuses on eliminating the most advanced cyber threats; those that use insider privileges to attack the heart of the enterprise. CyberArk was founded in 1999 and is based in Petah Tikva, Israel.


DEAL STATS #
Overall 6 of 6
Sector (Software) 4 of 4
Type (Add-on Acquisition) 6 of 6
State (California) 1 of 1
Country (United States) 4 of 4
Year (2020) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 Vaultive

Boston, Massachusetts, United States

Vaultive, Inc. is a cloud security provider. Vaultive deliver visibility and control over privileged business users, and Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) administrators. Vaultive was founded in 2008 and is based in Boston, Massachusetts.

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Seller(S) 1

SELLER

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 50 of 74
Sector (Software) 22 of 33
Type (Add-on Acquisition) 22 of 33
State (California) 13 of 21
Country (United States) 48 of 69
Year (2020) 3 of 6
Size (of disclosed) 22 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-07 Apttus

San Mateo, California, United States

Apttus is a global provider of the Intelligent Middle Office platform allowing enterprises to automate and optimize their most critical revenue and commercial relationship management processes. Apttus is powered by the Apttus Intelligent Cloud, a hybrid-cloud platform utilizing the most advanced technologies from Salesforce, Microsoft and IBM. Analysts rank Apttus as the global gold standard for Quote-to-Cash (QTC) and Contract Lifecycle Management (CLM) solutions. Apttus’ innovations include Max, the company’s Applied Artificial Intelligence that enables enterprises to achieve superior business outcomes. Apttus partners with a world-class ecosystem. Apttus was founded in 2006 and is based in San Mateo, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-02 Exostar

Herndon, Virginia, United States

Exostar is a cloud-based identity and access management and secure collaboration software provider serving the aerospace and defense, healthcare, and life sciences industries. Exostar’s platforms create exclusive communities within these highly-regulated industries where organizations can securely collaborate, share information, and operate compliantly. Exostar was founded in 2000 and is based in Herndon, Virginia.

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