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.
Matt Dircks, Chief Executive Officer & Board Member
As Chief Executive Officer of BeyondTrust, Matt Dircks is responsible for BeyondTrust’s long-term market and product strategy and leads the company’s day-to-day operations. He also guides BeyondTrust’s unique culture that is centered on integrity, transparency, respect, and innovation.
Dircks has more than 25 years of experience in the software industry with roles encompassing product strategy, product management, engineering, sales, marketing, and corporate development. Prior to becoming CEO of Bomgar, which became BeyondTrust in 2018, he was the Vice President and General Manager of Service Support Products at BMC software, joining BMC through the acquisition of Numara Software in February 2012 where he was Vice President of Products since 2008. Before Numara, Dircks served as General Manager of the Server Virtualization Business at Quest Software.
Previously, Dircks was President of Full Armor Corporation, a start-up he helped transform from a single-product business into a highly-scalable multi-product, multi-channel corporation. He also served as Senior Vice President of Products & Markets at NetIQ Corp, and General Manager for the Web Products Group and Director of Worldwide Product Management at Citrix Systems. Dircks holds a Bachelor of Business Administration from the University of Iowa.