Sunday, August 30, 2015

Thoma Bravo to Acquire Majority Stake in DigiCert

Thoma Bravo, a leading private equity investment firm, agreed to acquire a majority interest in DigiCert from TA Associates, another private equity firm currently holding the majority share. Financial terms were not disclosed.

DigiCert is a global SSL Certificate Authority (CA) and the leading provider of trusted certificate management solutions.  The company provides its digital certificates to over 115,000 customers in more than 180 countries, and is one of the few CAs dedicated solely to advancing PKI-based solutions for enterprises and networked devices.  DigiCert is based in Lehi, Utah.

“DigiCert represents an outstanding investment opportunity to back a market leader with a tremendous management team in a sector we know well,” said Seth Boro, managing partner at Thoma Bravo. “SSL and certificate management technology play a critical part in securing the digital economy, and DigiCert has been a market leader in the space, known for its consistent innovation and first-rate customer service.”

http://digicert.com

Thoma Bravo Completes Acquisition of Riverbed

Thoma Bravo, a leading private equity investment firm, and Teachers’ Private Capital, the private investor department of Ontario Teachers’ Pension Plan, completed their previously announced acquisition of Riverbed Technology. The acquisition is valued at approximately $3.5 billion, with Riverbed stockholders receiving $21.00 per share in cash.

“With this acquisition now complete, our team can begin to move forward with the strategic initiatives that will take us to the next stage of growth,” said Jerry M. Kennelly, chairman and CEO of Riverbed. “As a private company, Riverbed is better positioned to pursue our long term goals, and has greater flexibility to develop best-of breed technologies that deliver superior application performance for our customers. This flexibility, alongside Thoma Bravo’s deep experience growing companies in the application performance space, makes us very excited about the future.”

http://www.riverbed.com

0 comments:

Post a Comment

See also