Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Management & Strategy

PE Firm Completes Acquisition of Forcepoint

It’s a done deal. Investment firm Francisco Partners said on Monday that has completed the previously announced acquisition of Forcepoint from Raytheon Technologies.

It’s a done deal. Investment firm Francisco Partners said on Monday that has completed the previously announced acquisition of Forcepoint from Raytheon Technologies.

The deal was originally announced in October 2020, with the value of the transaction not disclosed.

ForcePoint Logo

Coinciding with the completion of the transaction, Manny Rivelo has been appointed Chief Executive Officer (CEO) of the security company effective immediately.  

In addition to Rivelo, Forcepoint announced two additional new executive appointments — Dave Stevens as SVP of Strategy and Execution, and John DiLullo as Chief Revenue Officer.

With thousands of customers across more than 150 countries, Forcepoint offers a portfolio of products and services to help enterprises monitor and lock down their networks, endpoints and data. The company launched a new business unit focusing on critical infrastructure in September 2018.

ForcePoint was created in 2015 and unveiled as a new brand in 2016 after Raytheon and Websense announced a $1.9 billion deal with Vista Equity Partners to form a new company combining Websense with Raytheon Cyber Products. Websense was previously taken privatein May 2013 by Vista for over $900 million.

Written By

For more than 15 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

People on the Move

Former DoD CISO Jack Wilmer has been named CEO of defensive and offensive cyber solutions provider SIXGEN.

Certificate lifecycle management firm Sectigo has hired Jason Scott as its CISO.

The State of Vermont has appointed John Toney as the state’s new CISO.

More People On The Move

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.

CISO Strategy

Security professionals understand the need for resilience in their company’s security posture, but often fail to build their own psychological resilience to stress.

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

Cybersecurity Funding

2022 Cybersecurity Year in Review: Top news headlines and trends that impacted the security ecosystem