Thoma Bravo Completes Acquisition of Imperva
The technology investment firm announced an agreement to buy Nasdaq-listed information security company Imperva for $2.1 billion in October 2018
Lilach Baumer | 09:55, 14.01.19
Technology investment firm Thoma Bravo LLC has completed its acquisition of information security company Imperva Inc., the latter announced Thursday. Imperva delisted from Nasdaq following the completion of the deal. The two companies announced the acquisition agreement in October 2018, with Thoma Bravo agreeing to pay $55.75 per share in cash for a total sum of $2.1 billion. Documents filed with the U.S. Securities and Exchange Commission in November revealed the deal has been in the works for two years. Imperva, currently headquartered in Redwood City, California, was originally founded in Israel. The company develops and sells information security software for databases and web apps. It currently employs 400-500 people in Israel in two research and development centers.
In October, Imperva co-founder Amichai Shulman told Calcalist in an interview that the acquisition will enable Imperva to better focus on developing some of its more innovative technologies, in a way a public company cannot.