Thoma Bravo has completed the sale of cybersecurity provider Tripwire to Belden for $710 million in cash. Thoma Bravo acquired Tripwire in May 2011.
Tripwire is a provider of advanced threat, security and compliance products and services that are used to detect, prevent and respond to cybersecurity threats. Tripwire’s products and services portfolio includes configuration and policy management, file integrity monitoring, vulnerability management and log intelligence. The company is headquartered in Portland, OR (www.tripwire.com).
Under Thoma Bravo’s term of ownership, Tripwire has grown revenues 70%, improved profitability by 400%, and increased market share. “From the very beginning of our partnership, Thoma Bravo provided Tripwire with the resources and expertise to achieve market leadership in security and vulnerability management,” said Seth Boro, managing partner at Thoma Bravo. “The sale to Belden is a testament to the success we’ve had in partnering with Tripwire to realize its goals, and is a great addition to the list of security software companies we’ve taken to the next stage of growth.”
Thoma Bravo provides equity and strategic support to management teams building growing companies. The firm originated the concept of industry consolidation investing, which seeks to create value through the strategic use of acquisitions to accelerate business growth. Thoma Bravo currently manages approximately $7.5 billion of equity capital. The firm was founded in 1981 and has offices in Chicago and San Francisco (www.thomabravo.com).
“We are very appreciative of Thoma Bravo’s insight over the last several years and look forward to continued innovation with Belden to meet the growing security needs of our customers in the industrial and enterprise Internet of Things,” said Jim Johnson, Tripwire president and CEO.
Belden (NYSE: BDC) is a manufacturer of networking, connectivity, and cable products. The company designs, manufactures, and markets signal transmission products for the industrial automation, enterprise, security, transportation, infrastructure, and residential markets. The company was founded in 1902 and is headquartered in St. Louis with manufacturing capabilities in North and South America, Europe and Asia. (www.belden.com).
Chertoff Capital (www.chertoffgroup.com) served as the exclusive investment banking advisor to Thoma Bravo on this transaction.
© 2015 PEPD • Private Equity’s Leading News Magazine • 1-5-15
