Thoma Bravo to Acquire Ping Identity for $2.8 Billion By Orbit Brain August 3, 2022 0 348 views Residence › Identification & EntryThoma Bravo to Purchase Ping Identification for $2.eight BillionBy SecurityWeek Information on August 03, 2022TweetEnterprise id and entry administration agency Ping Identification (NYSE: PING) introduced Wednesday that it has agreed to be acquired by non-public fairness (PE) agency Thoma Bravo for roughly $2.eight billion in money.Beneath the phrases of the settlement, Thoma Bravo can pay $28.50 per share, a premium of roughly 63% over Ping Identification’s closing share worth on August 2, 2022.Based in 2002, Ping Identification was acquired by Vista Fairness Companions in 2016, reportedly for $600 million, and went public September 2019.Thoma Bravo’s transfer to amass Ping comes simply months after the PE agency agreed to amass id and entry administration powerhouse SailPoint. In April 2022, Thoma agreed to take SailPoint non-public in a deal valued at $6.9 billion.A Ping Identification spokesperson advised SecurityWeek there are not any plans for integrations between Ping and SailPoint right now. “Thoma envisions Ping Identification as an impartial non-public firm inside its broader funding portfolio,” the spokesperson mentioned.“Ping Identification is a frontrunner in clever id options for the enterprise and is well-positioned to capitalize on the numerous alternatives within the $50 billion Enterprise Identification safety options space,” mentioned Chip Virnig, a Accomplice at Thoma Bravo. “Our shared dedication to progress and innovation, mixed with Thoma Bravo’s vital safety software program investing and operational experience, will allow Ping Identification to speed up its cloud transformation and supply of trade main id safety experiences for the purchasers, workers and companions of enormous enterprises worldwide.”Vista Fairness Companions, which owns roughly 9.7% of Ping Identification’s excellent shares, has agreed to vote its shares in favor of the transaction.Associated: Thoma Bravo Buys Proofpoint for $12.Three BillionRelated: Thoma Bravo Spends $3.9 Billion to Purchase SophosGet the Every day Briefing Most LatestMost LearnThoma Bravo to Purchase Ping Identification for $2.eight BillionCybersecurity Financing Declined in Q2 2022, However Traders OptimisticCybersecurity M&A Roundup: 39 Offers Introduced in July 2022Google Paid Out $90,000 for Vulnerabilities Patched by Chrome 104The Ever-Rising Challenge of Cyber Threats – and the Zero Belief ReplyAlmost $200 Million Stolen From Cryptocurrency Bridge NomadUK Clears Norton’s $8B Avast Cyber Safety TakeoverHacking Fears Delay UK’s Conservative Management VoteSpanish Analysis Middle Suffers Cyberattack Linked to RussiaVMware Ships Pressing Patch for Authentication Bypass Safety GapOn the lookout for Malware in All of the Mistaken Locations?First Step For The Web’s subsequent 25 years: Including Safety to the DNSTattle Story: What Your Pc Says About YouBe in a Place to Act By Cyber Situational ConsciousnessReport Reveals Closely Regulated Industries Letting Social Networking Apps Run Rampant2010, A Nice 12 months To Be a Scammer.Do not Let DNS be Your Single Level of FailureThe way to Determine Malware in a BlinkDefining and Debating Cyber WarfareThe 5 A’s that Make Cybercrime so EngagingThe way to Defend Towards DDoS AssaultsSafety Budgets Not in Line with ThreatsAnycast – Three Causes Why Your DNS Community Ought to Use ItThe Evolution of the Prolonged Enterprise: Safety Methods for Ahead Considering OrganizationsUtilizing DNS Throughout the Prolonged Enterprise: It’s Dangerous EnterpriseShare this:FacebookXPrintEmailLinkedInRedditTwitterTumblrPinterestTelegramWhatsApp acquisition Ping Identity Thoma Bravo Orbit Brainhttps://orbitbrain.com/ Orbit Brain is the senior science writer and technology expert. Our aim provides the best information about technology and web development designing SEO graphics designing video animation tutorials and how to use software easy waysand much more. Like Best Service Latest Technology, Information Technology, Personal Tech Blogs, Technology Blog Topics, Technology Blogs For Students, Futurism Blog.
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