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Thoma Bravo buys third identity company this year with $2.3B ForgeRock acquisition



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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 the company likes identity-centric approaches to security. “Identity-centric cybersecurity solutions are a critical enabler for businesses to digitally transform their operations, and ForgeRock’s solutions combine both the advanced security and customer usability needed in the market,” he said in the press release. What that means for the other IAM companies it owns isn’t clear.
While i …

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