Tripwire to be acquired by UK investment firm

Tripwire has announced that it is to be acquired by private equity investment firm Thoma Bravo.

In an acquisition that is expected to close by the end of this month, the IT security and compliance automation platform vendor confirmed that the current CEO, Jim Johnson, will continue as CEO. Financial details were not disclosed.

Johnson said: “Tripwire and Thoma Bravo are aligned in our goals to continue growing the company. The backing by Thoma Bravo allows us to stay focused and accelerates our vision. Tripwire customers will benefit from our dedication to customer service and our continued commitment to our VIA strategy.”

As well as its prominence in the compliance space, Tripwire has also moved into solutions to detect and repair network flaws and moved into the SIEM space at the start of 2010 with the launch of the Tripwire Log Center.

Seth Boro, partner at Thoma Bravo, said: “Thoma Bravo partners with existing management teams that have the vision to be leaders in their industries. We feel strongly that the Tripwire team will be a valuable partner as we solidify the company's leadership position in IT security and compliance automation.”

Thoma Bravo vice president Robert Sayle, said: “Thoma Bravo looks forward to implementing operational best practices alongside Tripwire's management team. Given that Tripwire has already built a solid brand reputation, Thoma Bravo is confident it can accelerate growth of the company through our buy and build strategy.”

This article originally appeared at scmagazineuk.com

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