The Bomgar team is excited to announce that Francisco Partners (“FP”), a leading technology-focused private equity firm, has signed a definitive agreement to acquire Bomgar from Thoma Bravo. For nearly two decades, Francisco Partners has specialized in hundreds of investments in technology and technology-enabled services businesses, making it one of the most active and longstanding investors in the technology industry.
This investment is a testament to the success of Bomgar’s recent strategy and transformation, and we are excited to partner with FP on the next iteration of our business. The FP team brings a wealth of experience in the cybersecurity technology market that will enable Bomgar to expand our privileged access management platform and portfolio and take advantage of new market opportunities.
This is not only great news for Bomgar, but also for our customers and partners, as it further enables us to deliver new capabilities and products to help you secure and manage your most critical identities and access pathways. There will be no immediate changes to our products in conjunction with this announcement, and you will continue to receive the high-quality services and support that have always been a hallmark here at Bomgar.
Bomgar’s focus will continue to be creating high-quality software that benefits our customers. Today’s announcement marks the next stage of our exciting 15-year journey, and we’re thrilled to become part of the Francisco Partners family and deliver even more value to our customers, partners, and employees.