“This transaction represents an exciting opportunity for Forcepoint to continue to innovate and drive growth with Francisco Partners,” Forcepoint CEO Matthew Moynahan said in a statement published Monday.
“We believe that this partnership will help us to continue to invest in our products and organization while delivering increased value to our customers,” Moynahan added.
Forcepoint offers behavior-based systems and other cybersecurity products delivered via a cloud-native platform designed to protect network users and critical data from cyber threats.
Credit Suisse provided debt financing for the transaction, which is subject to regulatory review.
Paul Hastings LLP and Kirkland & Ellis served as legal advisers to Francisco Partners in the deal. Barclays acted as Raytheon Technologies’ exclusive financial adviser, while Davis Polk & Wardwell LLP advised the company on the transaction’s legal aspect.
The Department of State has awarded spots on a multiple-award indefinite-delivery/indefinite-quantity contract with a combined potential value of $10 billion…
Brian Hobbs has been appointed CEO of Clarity Innovations, effective March 2, the company announced Tuesday. He succeeds founder and long-serving CEO Wes…
The Federal Aviation Administration has awarded a potential five-year, $437.4 million contract to ASRC Federal Advanced Research to provide second-level…
