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Announced

Completed

Thoma Bravo completed the acquisition of Ping Identity for $2.8bn.

Financials

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Transaction Value£2,302m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales9.7x
EV/EBITDA-
Share Price Premium63%
One Off Charge-

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Software

software developer

Domestic

Friendly

Majority

United States

Private Equity

Acquisition

Public

Single Bidder

Completed

Synopsis

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Thoma Bravo, a private equity firm, completed the acquisition of Ping Identity, a provider of the intelligent identity solution for the enterprise, for $2.8bn. "This compelling transaction is a testament to Ping Identity's leading enterprise identity solutions, our talented team, and our outstanding customers and partners. Identity security and frictionless user experiences have become essential in the digital-first economy and Ping Identity is better positioned than ever to capitalize on the growing demand from modern enterprises for robust security solutions. We are pleased to partner with Thoma Bravo, which has a strong track record of investing in high-growth cloud software security businesses and supporting companies with initiatives to turbocharge innovation and open new markets," Andre Durand, Ping Identity CEO.

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