Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Forescout Acquired by Advent in All-Cash deal for $1.9 Billion

Founded by Israelies, Forescout Technologies has raised $241.4 million to date and is traded on Nasdaq. Upon completion of the transaction, Forescout will become a private company.

Founded by Israelies, Forescout Technologies, today announced that it has entered into a definitive agreement to be acquired by private-equity firm Advent International in an all-cash deal valued at $1.9 billion.

Advent International will acquire all outstanding shares of Forescout common stock for $33.00 per share. Advent will be joined by Crosspoint Capital Partners, a private equity investment firm focused on the cybersecurity and privacy industries, as a co-investor and advisor.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

This price represents a premium of approximately 30% over Forescout’s closing share price of $25.45 on October 18, 2019.  The deal is expected to close in the second quarter, although it includes a 30-day “go-shop” period that expires on March 8.

Founded in 2000 by Doron Shikmoni,  Hezy Yeshurun, Ori Naishtein, and Oded Comay, Forescout has raised $125.4 million and is traded on Nasdaq. The company employs 1,100 people worldwide, 250 of which are in Israel. Upon completion of the transaction, Forescout will become a private company.

Israeli Startup ForeScout Raises $76 Million Now $1 billion Valuation

Forescout is a cybersecurity company that provides security at first sight. The company’s device delivers visibility and control to enable companies to gain awareness of what is connecting to their network.

The company will continue to be headquartered in San Jose, California.

Advent, founded in 1984, has made over 350 investments in 41 countries. As of late 2019, the private equity firm had $56.6 billion in assets under management.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.