Thoma Bravo has agreed to extend its closing date on a $2.3 billion acquisition of ForgeRock Inc. to give the U.S. Justice Department an additional week to decide whether to challenge the deal in court, according to Bloomberg News.
Antitrust enforcers are concerned the combined company would have too much control over cybersecurity software used by large enterprises, particularly in financial services and healthcare. Thoma Bravo already owns two other cybersecurity firms – Ping Identity Holding Corp. and SailPoint Technologies Holdings Inc. The ForgeRock deal would mark Thoma Bravo’s third such acquisition in the past year.