Thoma Bravo makes US$2.4 billion play for Ping Identity

By

Deepens cyber security bets.

Thoma Bravo makes US$2.4 billion play for Ping Identity
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

Gaining a Competitive Advantage with Communication APIs
Gaining a Competitive Advantage with Communication APIs
Leverage Technologies: Industry-Tailored ERP Implementation for Growth and Compliance
Leverage Technologies: Industry-Tailored ERP Implementation for Growth and Compliance
Service Over Signatures: The Truth About No Lock-In IT
Service Over Signatures: The Truth About No Lock-In IT
Wasabi Reveals Hidden Costs and Cloud Storage Shifts in ANZ for 2025
Wasabi Reveals Hidden Costs and Cloud Storage Shifts in ANZ for 2025
Datacom + Microsoft Azure: Turn Ideas Into Impact in Just 4 Weeks
Datacom + Microsoft Azure: Turn Ideas Into Impact in Just 4 Weeks

Events

Most Read Articles

CBA using facial recognition logins to verify disputed payments

CBA using facial recognition logins to verify disputed payments
Researchers demo AI-crippling GPUHammer attack

Researchers demo AI-crippling GPUHammer attack
Qantas obtains court order to prevent third-party access to stolen data

Qantas obtains court order to prevent third-party access to stolen data
Google Gemini for Workspace vulnerable to prompt injection attacks

Google Gemini for Workspace vulnerable to prompt injection attacks
techpartner.news logo
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
"It's an exciting time to be part of the health and aged care sector"
"It's an exciting time to be part of the health and aged care sector"
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Orro claims Australia first with managed digital asset discovery service
Orro claims Australia first with managed digital asset discovery service

Log In

  |  Forgot your password?