Francisco Partners has completed its acquisition of Forcepoint from Raytheon Technologies. Forcepoint offers cybersecurity services that protects data of customers and networks throughout the world.
“Cybersecurity has never been more important for businesses and governments around the world. As we continue to see broad-scale global attacks, the cybersecurity industry needs to evolve to deliver security capabilities to match those of today’s sophisticated threat actors. Likewise, every organization today needs to evolve its security posture to holistically integrate cybersecurity across the entirety of its business operations and culture. It can no longer be viewed as ‘just an IT issue’,” says Forcepoint CEO Manny Rivelo.
Nomura, Citibank and Credit Suisse acted as financial advisors to Francisco Partners on the transaction, while Paul Hastings LLP served as legal advisor.