Thoma Bravo makes US$2.4 billion play for Ping Identity

By on
Thoma Bravo makes US$2.4 billion play for Ping Identity

Deepens cyber security bets.

Private equity firm Thoma Bravo is buying Ping Identity for US$2.4 billion (A$3.45 billion), deepening a bet on the cyber security sector that has been one of the big winners of the pandemic. The deal values each share of Ping Identity at US$28.50, a premium of 63 percent to the last closing ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
ping identitysecurity

Sponsored Whitepapers

Free eBook: Digital Transformation 101 – for banks
Free eBook: Digital Transformation 101 – for banks
Why financial services need to tackle their Middle Office
Why financial services need to tackle their Middle Office
Learn: The latest way to transfer files between customers
Learn: The latest way to transfer files between customers
Extracting the value of data using Unified Observability
Extracting the value of data using Unified Observability
Planning before the breach: You can’t protect what you can’t see
Planning before the breach: You can’t protect what you can’t see

Events

Most Read Articles

NSW Police dumps Bezos-backed Mark43 from core systems overhaul

NSW Police dumps Bezos-backed Mark43 from core systems overhaul
Australian court finds insurer not liable for ransomware clean-up costs

Australian court finds insurer not liable for ransomware clean-up costs
ADHA extends Accenture's My Health Record support deal for $100m

ADHA extends Accenture's My Health Record support deal for $100m
Defence, DEWR drop $160m on Microsoft software, Azure

Defence, DEWR drop $160m on Microsoft software, Azure

Digital Nation

COVER STORY: How KPMG, Mirvac and ASX use blockchain to build trust in the property sector
COVER STORY: How KPMG, Mirvac and ASX use blockchain to build trust in the property sector
Australia will lose 11 percent of jobs to automation by 2040: Forrester
Australia will lose 11 percent of jobs to automation by 2040: Forrester
Metaverses on the agenda for Dominello, Husic ministerial meeting
Metaverses on the agenda for Dominello, Husic ministerial meeting
Criteo to fork out $94.7m for consent breaches
Criteo to fork out $94.7m for consent breaches
Domino’s invests in observability for zero contact delivery
Domino’s invests in observability for zero contact delivery

Log In

  |  Forgot your password?