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Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, agreed to acquire ProofPoint for $12.3 billion in cash. Proofpoint (NASDAQ: PFPT), which is based in Sunnyvale, California, provides software as a service and products for inbound email security, outbound data loss prevention, social media, mobile devices, digital risk, […]
Lattice Semiconductor appointed Jim Anderson as its new President and Chief Executive Officer, and to the company’s Board of Directors. He most recently served as at Advanced Micro Devices (AMD) as the General Manager and Senior Vice President of the Computing and Graphics Business Group. Jeff Richardson, Chairman of the Board, said, “On behalf of […]
Gigamon announced the appointment of Dave Arkley as its Chief Financial Officer (CFO) and Shane Buckley as its new President and Chief Operating Officer (COO). Arkley most recently served as CFO of International Decision Systems, and previously was with Vertafore, Edifecs, Parallels and Itron. Buckley is joining from Xirrus where he was CEO prior to […]
Gigamon confirmed the completion of its acquisition by Elliott Management, a leading multi-strategy private investment firm, and the Qatar Investment Authority. The acquisition, valued at approximately $1.6 billion, was approved by Gigamon shareholders on December 22, 2017. As a result of the completion of the transaction, shareholders will receive $38.50 per share in cash and […]
Thoma Bravo, a leading private equity firm, will acquire all shares of Barracuda Networks (NYSE: CUDA) in an all-cash transaction valued at $1.6 billion. Barracuda shareholders will receive $27.55 in cash for each share of Barracuda common stock they hold. The price represents a premium of 22.5 percent to the company’s 10-day average stock price […]
President Trump signed an order blocking the sale of Lattice Semiconductor to Canyon Bridge Capital Partners on national security grounds. The issue was referred to the President by the Committee on Foreign Investment in the United States (CFIUS) due to concerns regarding China Venture Capital Fund Corporation Limited and its interest in Canyon Bridge Capital […]
Rackspace announced plans to open a new data center in Germany to provide customers with a new option for managed IT infrastructure in the face of strict personal data protection laws across Germany, Austria and Switzerland (DACH) territory. The facility will serve customers who seek managed private clouds and hosting environments, with a focus on […]
Rackspace is now a private company. It was acquired by affiliates of funds managed by affiliates of Apollo for $32.00 per share in cash. In connection with the transaction, funds managed by Searchlight Capital Partners, L.P. also made a strategic equity investment in the acquired company. Rackspace’s common stock will no longer be listed for […]
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 […]
