The Boston-based private equity firm will buy San Jose, Calif. -based cybersecurity vendor Forescout for $29 per share, down from the purchase price of $33 per share, or $1.9 billion, agreed to five months earlier.
Who acquired Forescout?
The Forescout Board of Directors has unanimously approved a revised definitive agreement under which Advent will acquire all outstanding shares of Forescout common stock for $29.00 per share.
Did Forescout get bought out?
In February 2020 , private equity firm Advent International agreed to acquire Forescout for $33 per share, or $1.9 billion; however, Advent got cold feet once the COVID-19 pandemic disrupted the economy, and attempted to walk away from the deal.
What happened to Forescout?
(NASDAQ:FSCT, “Forescout”), the leader in device visibility and control, today announced that it has entered into a definitive agreement under which Advent International (“Advent”), one of the largest and most experienced global private equity investors, will acquire all outstanding shares of Forescout common stock for ...
Is Forescout private?
San Jose, California-based Forescout announced Wednesday it would drop litigation against Advent International, a private equity firm , as part of a revised acquisition agreement. ... The final deal values Forescout at $1.43 billion, down from the initial price of $1.9 billion.
Is Advent International publicly traded?
Advent International Public Limited Company operates as a private equity firm. The Company offers investment management, advisory, and other related services. Advent International serves customers worldwide.
What is ForeScout network access control?
The ForeScout Solution
It continuously scans networks and monitors the activity of known, company- owned devices as well as unknown devices such as personally owned and rogue endpoints. And it lets you automate and enforce policy-based network access control, endpoint compliance and mobile device security.
Who is owner of Advent International?
| Type Private | Founder Peter Brooke | Headquarters Boston, Massachusetts, United States | Products Private equity funds, buyouts | AUM $75 billion |
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Does lululemon own Advent?
Lululemon founder sells half his stake to private equity firm Advent International . ... The deal will give Advent, which owned shares of Lululemon from 2005 to 2009 and was one of the company's early venture capital backers, 20.1 million shares, or 13.9% of the company (Lululemon went public in 2009).
Is Warburg Pincus publicly traded?
Warburg Pincus LLC operates as a private equity firm . The Company invests in healthcare and consumer products, technology, media, and telecommunications, financial services to energy, industrial, and business services sectors. Warburg Pincus serves customers worldwide.
How many employees does Forescout have?
| Employees (est.) (Dec 2019) 1,206 (+10%) | Job Openings 25 | Website Visits (Mar 2021) 108.4 k | Revenue (FY, 2019) $336.8 M (+14%) | Share Price (Aug 2020) $29 |
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Is Forescout an Israeli company?
Forescout, founded in 2000 in Israel , develops and markets software for monitoring organizational networks that carry multiple devices. The company has a research and development center in Tel Aviv and employs some 1,100 people worldwide, 250 of whom are in Israel.
What is OT security?
Operational Technology (OT) is hardware and software that detects or causes a change through the direct monitoring and/or control of physical devices, processes and events in the enterprise, according to Gartner. OT is common in Industrial Control Systems (ICS) such as a SCADA System.
Who are ForeScout competitors?
ForeScout Technologies's top competitors include SOTI, AlgoSec, Pulse Secure, Fortinet and Cisco .
