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Top related persons:
Forcepoint - 2 Francisco - 2 Samrhitha - 1 Shweta Agarwal - 1 Akanksha - 1 Jacqueline Wong - 1 Diane Craft - 1
Top related locs:
Bengaluru G2CI Austin , Texas
Top related orgs:
TPG - 2 Francisco Partners - 2 Forcepoint Global - 2 Raytheon Technologies - 2 Thomson - 2 Wall Street - 2 Wall Street Journal - 1 Forcepoint - 1

Search resuls for: "Forcepoint"


4 mentions found


☆ TPG to buy Forcepoint unit from Francisco Partners
  + stars: | 2023-07-10 | by ( ) www.reuters.com   time to read: +1 min
July 10 (Reuters) - Forcepoint said on Monday buyout firm TPG (TPG.O) would purchase its government cybersecurity business from parent Francisco Partners. The deal was for $2.45 billion, the Wall Street Journal had reported over the weekend, citing people familiar with the matter. Forcepoint, TPG and Francisco did not immediately respond to requests for details on the deal value. The unit, Forcepoint Global Governments and Critical Infrastructure (G2CI), is focused on critical infrastructure for U.S. government and federal agencies. Francisco, which bought Forcepoint from Raytheon Technologies (RTX.N) in 2021, will retain a minority stake in G2CI and will continue as a controlling shareholder in Forcepoint Commercial business, the software company said.
Persons: Forcepoint, Francisco, Samrhitha, Shweta Agarwal Organizations: TPG, Francisco Partners, Wall Street Journal, Forcepoint Global, Raytheon Technologies, Forcepoint, Thomson Locations: G2CI, Bengaluru
☆ TPG to buy Forcepoint unit from Francisco Partners for $2.45 billion, Wall Street Journal reports
  + stars: | 2023-07-10 | by ( ) www.reuters.com   time to read: +1 min
July 9 (Reuters) - Buyout house TPG is buying a business unit of software provider Forcepoint for $2.45 billion from Francisco Partners, the Wall Street Journal reported on Sunday citing people familiar with the matter. TPG is acquiring Forcepoint's government cybersecurity business, known as Forcepoint Global Governments and Critical Infrastructure, according to the report. TPG and Francisco Partners declined to comment while Forcepoint did not immediately respond to a request for comment. Austin, Texas-based Forcepoint develops and creates computer security software, data protection, and firewall solutions. Forcepoint is exploring sale of its governments security unit for more than $2 billion as part of its strategy to focus on growing its commercial business, sources told Reuters in April.
Persons: Francisco, Forcepoint, Akanksha, Jacqueline Wong, Diane Craft Organizations: TPG, Francisco Partners, Wall Street, Forcepoint Global, Raytheon Technologies, Reuters, Thomson Locations: Austin , Texas, Bengaluru
☆ TPG to Buy Forcepoint Unit From Francisco Partners for $2.45 Billion
  + stars: | 2023-07-09 | by ( Maria Armental | Laura Kreutzer | ) www.wsj.com   time to read: 1 min
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Organizations: Wall Street
☆ Forcepoint explores sale of government cybersecurity unit - sources
  + stars: | 2023-04-19 | by ( Milana Vinn | Thomson Reuters | Milana Vinn Reports On Technology | ) www.reuters.com   time to read: +1 min
NEW YORK, April 19 (Reuters) - Cybersecurity firm Forcepoint is exploring a sale of its government security unit for more than $2 billion, five people familiar with the matter said. Forcepoint is looking to offload the unit as part of its strategy to focus on growing its commercial business, which caters to large corporations, the sources added. Austin, Texas-based Forcepoint develops and creates computer security software, data protection, and firewall solutions. Last year, Forcepoint won an $89 million contract from the U.S. Department of Defense to provide software solutions that would help monitor user activity. Forcepoint also counts the likes of International Business Machines Corp (IBM.N), CVS Health Corp (CVS.N), Microsoft Corp (MSFT.O) and Qualcomm Inc (QCOM.O) as customers.
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