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4/3/2018
02:00 PM
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Francisco Partners Buys Bomgar

Private equity firm Francisco Partners plans to acquire Bomgar, a privileged access and identity management company.

Francisco Partners (FP), a tech-focused private equity firm based in San Francisco, has confirmed plans to acquire Bomgar from Thoma Bravo. FP reports the identity management company will strengthen its cybersecurity portfolio.

Bomgar was founded in 2003 and has built its business around defending endpoints and privileged credentials. Its privileged access management and remote support tools have 13,000 customers around the world. Most recently, Bomgar acquired Lieberman Software, a provider of privileged identity and credential management systems.

Privileged identity and access management is an increasingly important area for businesses, says Brian Decker, partner and head of security investing at Francisco Partners, in a statement. FP intends to leverage Bomgar's position to grow within a part of the market that's critical to the enterprise.

Terms of the deal were not disclosed. Read more details here.

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