- Overview
- Overview
- Investment DateJune 2018
- Lead InvestorFrancisco Partners
- RegionUnited States
- SectorTechnology/ IT
- Percent of Fair Value3%
-
Key Theme
Long-Term Secular Growth
- Visit WebsiteBeyondTrust
$42.0m
Value of Investment
Cyber security and secure access solutions
Company Description
Investment Thesis
- Business combinations form highly attractive position in the privileged access management market
- Strong secular growth
- Lower cyclicality in end-market customers
- Blue chip customer base
Investment Overview
Francisco Partners acquired Bomgar in April 2018. Bomgar has two primary offerings: Remote Support and Privileged Access management. Following the initial platform acquisition, Francisco Partners made a series of add-on acquisitions to complement and further strengthen the company’s product offerings. The combined businesses formed a highly attractive, leading position in remote support software and privileged access management markets. In July 2018, Francisco Partners announced that Bomgar would be acquiring Avecto, a UK-based provider of Privileged Escalation and Delegation Management Software. In August 2018, Francisco Partners announced the acquisition of BeyondTrust, a provider of Privileged Access Management and Vulnerability Management Solutions.
The company has two main service offerings: Security solutions which makes up roughly two thirds of billings and Remote Support which will makes up the remainder.
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