M&A Deal Summary

Fortra Acquires Lookout - Cloud Security Business

On May 12, 2025, Fortra acquired internet software and services company Lookout - Cloud Security Business from Lookout

Acquisition Highlights
  • This is Fortra’s 2nd transaction in the Internet Software and Services sector.
  • This is Fortra’s 20th transaction in the United States.
  • This is Fortra’s 6th transaction in California.

M&A Deal Summary

Date 2025-05-12
Target Lookout - Cloud Security Business
Sector Internet Software and Services
Buyer(s) Fortra
Sellers(s) Lookout
Deal Type Divestiture

Target

Lookout - Cloud Security Business

San Francisco, California, United States
Lookout's Cloud Security Business provides cloud security services.

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Buyer(S) 1

Buyer

Fortra

Eden Prairie, Minnesota, United States

Category Company
Founded 1982
Sector Information Technology
DESCRIPTION

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.


DEAL STATS #
Overall 27 of 27
Sector: Internet Software and Services M&A 2 of 2
Type: Divestiture M&A Deals 5 of 5
State: California M&A 6 of 6
Country: United States M&A 20 of 20
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-22 JAMS

Farmington, Connecticut, United States

JAMS develops enterprise job scheduling and workload automation solutions for critical IT infrastructures. JAMS was founded in 1985 and is based in Farmington, Connecticut.

Sell -

Seller(S) 1

SELLER

Lookout

San Francisco, California, United States

Category Company
Founded 2005
Sector Information Technology
DESCRIPTION

Lookout is a cybersecurity company that makes it possible for individuals and enterprises to be both mobile and secure. Lookout was founded in 2005 and is based in San Francisco, California.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-26 Lookout - Consumer Mobile Security Business Segment

San Francisco, California, United States

Lookout's Consumer Mobile Security Business Segment provides mobile security services in San Francisco, California.

Sell -