Thoma Bravo Completes Acquisition Of Forgerock; Combines Forgerock Into Ping Identity
Aug 23, 2023•almost 2 years ago
Acquiring Company
Thoma Bravo
Acquired Company
ForgeRock
Financial ServicesEnterprise SoftwareSaasInformation TechnologySoftware
Description
Thoma Bravo and ForgeRock today announced the completion of Thoma Bravo's acquisition of ForgeRock in an all-cash transaction valued at approximately $2.3 billion. The acquisition agreement was previously announced on October 11, 2022, and approved by ForgeRock stockholders at ForgeRock's Special Meeting of Stockholders held on January 12, 2023.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed