Vector Capital to acquire a majority stake in WatchGuard Technologies from Francisco Partners.

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.