Thoma Bravo is acquiring Imperva for $2.1 billion, reinforcing private equity's growing role in the cybersecurity software and technology market.
Still, there is some fine print to the deal. The merger agreement provides for a 45-day “go-shop” period, during which Imperva’s Board and advisors may actively solicit alternative acquisition proposals and enter into negotiations with other parties, the announcement disclosed.
Imperva develops the Incapsula, SecureSphere, and CounterBreach product lines -- which protect websites, applications, APIs, and databases from cyberattacks while ensuring compliance.
For its third quarter of 2018, Imperva expects to generate revenues of $90.0 million to $92.0 million, the company revealed today.
Under terms of the Thoma Bravo deal, Imperva will maintain its corporate headquarters in Redwood Shores, California and continue to be led by its current executive team, both companies indicated.
Thoma Bravo: MSP and Cybersecurity Acquisitions
Thoma Bravo has been busy building a cybersecurity and MSP software empire in recent years. The company's investments and acquisitions have included:
