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New Deal


Announced

Francisco Partners-backed Forcepoint to acquire Bitglass.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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data protection

Friendly

Acquisition

Single Bidder

Majority

Domestic

Private

United States

Pending

IT Services: Other

Private Equity

Synopsis

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Francisco Partners-backed Forcepoint, an American multinational corporation software company headquartered in Austin, agreed to acquire Bitglass, a total data protection company. Financial terms were not disclosed. "Complexity is the enemy of security. IT teams today are faced with the reality that securing a hybrid work environment is even more complex than the move to work-from-home was last year. With the acquisition of Bitglass, Forcepoint will be accelerating our ability to address customers’ widespread need for enabling hybrid workforces to safely access and use information everywhere—in the web, cloud and data center—more easily than ever before," Manny Rivelo, Forcepoint CEO.

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