Forcepoint News
3 articles
Growth-Positive
TPG to buy Forcepoint unit from Francisco Partners for $2.45 billion, Wall Street Journal reports
Private equity firm TPG is acquiring a business unit of software provider Forcepoint for $2.45 billion from Francisco Partners, according to the Wall Street Journal. The unit, known as Forcepoint Global Governments and Critical Infrastructure, focuses on critical infrastructure for U.S. government and federal agencies. Francisco Partners, which bought Forcepoint from Raytheon Technologies in October 2020, will retain a minority stake in the unit and will continue to own and manage its commercial cybersecurity business as a separate entity.
AcquisitionInvestment
growth-positive
Francisco Partners Completes Acquisition of Forcepoint
Francisco Partners, a global investment firm, has completed its acquisition of cybersecurity solutions provider Forcepoint from Raytheon Technologies. With the transactions closure, Manny Rivelo has been appointed as the new CEO of Forcepoint. The company also announced two new executive appointments, Dave Stevens as Senior Vice President of Strategy and Execution and John DiLullo as Chief Revenue Officer (CRO), and promoted Sean Berg to President of Global Governments and Critical Infrastructure. The new leadership will focus on accelerating the adoption of a modern approach to security that embraces the Secure Access Service Edge (SASE) architecture.
AcquisitionManagement Changes
growth-positive
Websense Moves into Leakage Prevention with PortAuthority Buy
Websense has signed an agreement to acquire data leakage prevention specialist PortAuthority Technologies for approximately $90 million in cash. The acquisition is expected to help Websense expand its footprint and offer security tools that provide enterprises with both external protection for IT networks and internal controls to help prevent the loss of sensitive information. The DLP space, in which PortAuthority competes, is seen as a potential growth market as businesses work to limit the exposure of confidential information. Websense plans to release a DLP applications package in 2007 and will integrate PortAuthoritys technology into its products. The acquisition is part of the trend toward software makers providing integrated bundles of IT security applications. The deal is expected to close before the end of January 2007.
Acquisition
