Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Analytics

2/6/2020
02:00 PM
50%
50%

Forescout Acquired by Private Equity Team

The deal, valued at $1.9 billion, is expected to close next quarter.

Forescout Technologies has announced it will be acquired by private equity investors Advent International, with participation by Crosspoint Capital Partners. Advent will pay $33 per share for a total all-cash transaction of $1.9 billion.

Forescout was valued at $25.45 on Oct. 18, the last full day of trading before Corvex Management L.P. and Jericho Capital Asset Management L.P. released 13-D forms announcing their intent to acquire a 14.5% stake in the company. Advent's purchase represents a 30% premium over the closing price.

The transaction is expected to close in the second quarter of 2020. Michael DeCesare will continue as president and CEO after the acquisition.

Read more here.

Check out The Edge, Dark Reading's new section for features, threat data, and in-depth perspectives. Today's top story: "What Is a Privileged Access Workstation (PAW)?."

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 8/3/2020
Pen Testers Who Got Arrested Doing Their Jobs Tell All
Kelly Jackson Higgins, Executive Editor at Dark Reading,  8/5/2020
Researcher Finds New Office Macro Attacks for MacOS
Curtis Franklin Jr., Senior Editor at Dark Reading,  8/7/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Special Report: Computing's New Normal, a Dark Reading Perspective
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
The Changing Face of Threat Intelligence
The Changing Face of Threat Intelligence
This special report takes a look at how enterprises are using threat intelligence, as well as emerging best practices for integrating threat intel into security operations and incident response. Download it today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-12777
PUBLISHED: 2020-08-10
A function in Combodo iTop contains a vulnerability of Broken Access Control, which allows unauthorized attacker to inject command and disclose system information.
CVE-2020-12778
PUBLISHED: 2020-08-10
Combodo iTop does not validate inputted parameters, attackers can inject malicious commands and launch XSS attack.
CVE-2020-12779
PUBLISHED: 2020-08-10
Combodo iTop contains a stored Cross-site Scripting vulnerability, which can be attacked by uploading file with malicious script.
CVE-2020-12780
PUBLISHED: 2020-08-10
A security misconfiguration exists in Combodo iTop, which can expose sensitive information.
CVE-2020-12781
PUBLISHED: 2020-08-10
Combodo iTop contains a cross-site request forgery (CSRF) vulnerability, attackers can execute specific commands via malicious site request forgery.