Thoma Bravo knows what it likes, and apparently it likes identity access management — a lot. Today the firm announced its intention to acquire ForgeRock for $2.3 billion, the third company it has purchased in this category this year.
In April it acquired SailPoint for $6.9 billion, and in August it snagged Ping Identity for $2.8 billion. That’s a $12 billion investment to basically build a software category in-house.
With ForgeRock, it’s getting a 12-year-old identity management company that raised over $230 million, per Crunchbase.
Chip Virnig, a partner at Thoma Bravo did acknowledge that th
Thoma Bravo buys third identity company this year with $2.3B ForgeRock acquisition
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