Tripwire, Inc., a provider of IT Security and compliance solutions, today announced it has agreed to be acquired by private equity firm Thoma Bravo. The firms have entered into a definitive agreement in which Thoma Bravo would purchase Tripwire, Inc. for an undisclosed sum.
Portland, Oregon based Tripwire claims over 5,700 customers in 94 countries, serving 46% of Fortune 500 companies. The company currently employs approximately 350 people around the world.
The acquisition is expected to close by the end of May. Tripwire will continue to operate as an independent entity and current CEO, Jim Johnson, will continue as CEO of Tripwire.
"Tripwire and Thoma Bravo are aligned in our goals to continue growing the company. The backing by Thoma Bravo allows us to stay focused and accelerates our vision," said Jim Johnson.
"Thoma Bravo partners with existing management teams that have the vision to be leaders in their industries," said Seth Boro, Partner at Thoma Bravo. "We feel strongly that the Tripwire team will be a valuable partner as we solidify the company's leadership position in IT Security and Compliance Automation." "Thoma Bravo looks forward to implementing operational best practices alongside Tripwire's management team," added Thoma Bravo Vice President Robert Sayle.
Thoma Bravo was also the leader of an investor group that acquired SonicWALL back in June 2010 in a transaction valued at approximately $717 million.