Breaking News
1. PM Modi’s longest foreign trip in 10 years begins tomorrow: 5 countries in 8 days      2. Kolkata Police: Gangrape Of Law Student Was Planned, Victim Targeted From Day One      3. India's Agni-5 'bunker buster' missile to carry largest conventional warhead      4. IMD issues red alert for Himachal Pradesh's 10 districts after heavy rains, Shimla-Kalka rail line shut after downpour      5. ‘President Trump-PM Modi ties strong, US-India trade deal announcement soon’: White House      6. Telangana pharma plant blast: Death toll rises to 34 after explosion at Sigachi Industries unit      7. ‘477 drones, 60 missiles’: What Ukraine says about Russia’s massive aerial strike      8. Sabotage angle being probed in Air India plane crash in Ahmedabad. Here's what minister Murlidhar Mohol said      9. "Make Them Regret": Iran's Top Cleric Issues Fatwa Against Trump, Netanyahu      10. 3 killed, over 50 injured in stampede outside Puri’s Gundicha Temple during Rath Yatra festivities; SP, Collector transferred      11. India lost jets in Op Sindoor due to ‘political constraint’ of not attacking Pakistani military targets, says Navy official      12. Remarks of Trinamool leaders on law college rape put party in a tight spot      13. World ‘borderless’...India much larger than shown on maps: Astronaut Shukla tells PM Modi      14. ‘Great victory in Senate with ‘Great, Big, Beautiful bill’: Donald Trump      15. Kolkata rape accused Monojit Mishra was slapped with sexual harassment case but juniors say, ‘authorities protected him’      16. 9 workers missing after cloudburst hits Uttarakhand construction site, rescue ops on      17. 3 Dead, 10 Injured In Stampede During Jagannath Rath Yatra In Odisha's Puri      18. Pakistan suicide bombing: Taliban faction claims attack as Islamabad blames India      19. Unthinkable, but...: Trump wants full removal of trade barriers in India deal      20. ‘Charade at Pak’s behest’: India rejects Hague court ruling on hydro projects     

TPG will Purchase the Forcepoint Business from Francisco Partners for $2.45 Billion

  • Posted on July 10, 2023
  • Business
  • By Kanupreet Kaur
  • 448 Views
Francisco Partner, TSW News, Latest News

In a significant development in the tech and cybersecurity industry, private equity firm TPG has reportedly agreed to purchase the Forcepoint cybersecurity unit from Francisco Partners for a whopping $2.45 billion. The news was first reported by the Wall Street Journal, adding another notable acquisition to TPG’s portfolio.

 


Forcepoint, a well-known provider of cybersecurity solutions, has been under the ownership of Francisco Partners since 2015. The company offers a range of services, including data loss prevention, network security, cloud security, and user and entity behavior analytics.

wall street journal
Forcepoint, a well-known provider of cybersecurity solutions, has been under the ownership of Francisco Partners since 2015


With its cutting-edge technologies and extensive client base, Forcepoint has become a leading player in the cybersecurity market. The acquisition by TPG signifies the private equity firm’s strategic interest in expanding its presence in the cybersecurity sector.

 


With the ever-increasing threat landscape and the rising importance of data protection, the demand for robust cybersecurity solutions has skyrocketed in recent years. TPG’s move to acquire Forcepoint is seen as a calculated step to capitalize on this growing demand.

 


The significant investment showcases TPG’s confidence in Forcepoint’s capabilities and its potential for future growth. TPG, founded in 1992, is a global alternative asset firm with a diverse portfolio spanning various industries.

Forcepoint
According to people familiar with the situation, the Wall Street Journal reported on Sunday that TPG is purchasing a business unit of software supplier Forcepoint from Francisco Partners for $2.45 billion.

 


The firm has a strong track record of successful investments in technology companies, making it well-positioned to support Force Point’s continued expansion and innovation in the cybersecurity market.

 


According to WSJ, Francisco Partners, which acquired Forcepoint from Raytheon Technologies (RTX.N) in October 2023, will continue to operate and manage its commercial cybersecurity business as a separate organization and will keep a minority share in the unit.

 


As businesses and organizations prioritize data protection like never before, TPG’s investment in Forcepoint showcases a strong belief in the importance of cybersecurity and the potential for growth in this critical sector.

 


For more updates keep visiting our website www.topstoriesworld.com where we provide unbiased, true, and top stories of the world.

Author
No Image
Kanupreet Kaur

You May Also Like