M&A Deal Summary |
|
|---|---|
| Date | 2023-08-23 |
| Target | ForgeRock |
| Sector | Information Technology |
| Buyer(s) | Ping Identity |
| Sellers(s) | Thoma Bravo |
| Deal Type | Merger |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 2016 |
| Sector | Information Technology |
| Revenue | 299M USD (2021) |
Ping Identity engages in Identity Defined Security for the borderless enterprise, allowing employees, customers, and partners access to the applications they need. Protecting over one billion identities worldwide, the company ensures the right people access the right things, securely and seamlessly. More than half of the Fortune 100, including Boeing, Cisco, Disney, GE, Kraft Foods, TIAA-CREF, and Walgreens, trust Ping Identity to solve modern enterprise security challenges created by their use of cloud, mobile, APIs, and IoT. Ping Identity was founded in 2016 and is based in Denver, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 9 |
| Sector: Information Technology M&A | 4 of 5 |
| Type: Merger M&A Deals | 1 of 1 |
| State: California M&A | 4 of 4 |
| Country: United States M&A | 5 of 5 |
| Year: 2023 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-27 |
Singular Key
Cupertino, California, United States Singular Key empowers digital businesses to deliver a seamless and secure experience across customer journeys. Singular Key’s vendor-neutral, no-code identity orchestration platform simplifies deployment complexity, gives the agility to future-proof the identity strategy, and continuously optimizes customer identity workflows via a single API deployed once. Singular Key is based in Cupertino, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-10-30 |
Keyless
London, United Kingdom Keyless provides biometric authentication and identity verification technology that eliminates passwords and preserves user privacy. The Company’s platform integrates facial recognition, device binding, and cryptography to deliver multi-factor authentication without storing biometric data. It serves industries including banking, government, and healthcare. Keyless was founded in 2019 and is headquartered in London, United Kingdom. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 127.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 75 of 85 |
| Sector: Information Technology M&A | 21 of 24 |
| Type: Merger M&A Deals | 11 of 12 |
| State: California M&A | 22 of 22 |
| Country: United States M&A | 70 of 79 |
| Year: 2023 M&A | 7 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-08 |
Syntellis
Chicago, Illinois, United States Syntellis provides innovative enterprise performance management software, data, and analytics solutions for healthcare, higher education, and financial institutions. Syntellis’ solutions include Axiom and Connected Analytics software, which help finance professionals elevate performance by acquiring insights, accelerating decisions, and advancing their business plans. Syntellis was formed in 2020 and is based in Chicago, Illinois. |
Sell | $1.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-06 |
NextGen Healthcare
Irvine, California, United States NextGen Healthcare is a provider of healthcare technology solutions. NextGen is reimagining ambulatory healthcare with solutions that enable high-performing practices to create healthier communities. NexGen partners with medical, behavioral and oral health providers in their journey toward whole person health and value-based care. NextGen Healthcare was founded in 1974 and is based in Irvine, California. |
Buy | $1.8B |
