Announced
Financials
Tags
Pending
Friendly
Private Equity
Majority
Private
IT Services: Other
computer & network security
United States
Single Bidder
network security
Acquisition
Domestic
Synopsis
Vector Capital, a private equity firm, agreed to acquire a majority stake in WatchGuard Technologies, a computer and network security services provider, from Francisco Partners, a private equity firm. Financial terms were not disclosed. “Vector firmly believes in WatchGuard’s portfolio, partners, employees, and vision. This transaction is a testament to WatchGuard’s current success and the opportunity ahead. We believe Vector is well positioned to further accelerate WatchGuard’s growth strategy while preserving our company culture and commitment to security delivery through the MSP community," Prakash Panjwani, WatchGuard CEO.
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