Thoma Bravo, a private equity investment firm, has signed a definitive agreement to acquire Tripwire, a provider of IT security and compliance automation offerings.
Through this acquisition, Thoma Bravo aims to leverage Tripwire’s brand reputation and growth to expand its portfolio of offerings and distinguish it as the marquee IT security and compliance automation platform vendor.
After the acquisition, Tripwire will continue to operate as an independent entity and current CEO, Jim Johnson, will continue as CEO of Tripwire.
Thoma Bravo partner Seth Boro said the company feel strongly that the Tripwire team will be a valuable partner as they solidify the company’s position in IT security and compliance automation.
Tripwire board of directors chairman William Lattin said the acquisition marks an exciting opportunity for Tripwire and is great news for Oregon business as it keeps the talent and expertise in Portland.
The acquisition is expected to close by the end of May. Financial details were not disclosed.