Advent International Buys Cyber Company Forescout in $1.9 Billion Deal
Founded in Tel Aviv in 2000, Forescout develops and markets software for monitoring organizational networks that carry multiple devices
Meir Orbach | 18:46 06.02.2020
Boston-based private equity firm Advent International Corp. has agreed to acquire San Jose, California-headquartered cyber company Forescout Technologies Inc. in a $1.9 billion deal, the companies announced Thursday. Advent is set to acquire all outstanding shares of Forescout’s common stock for $33.00 per share in an all-cash transaction. Upon the deal’s completion, Nasdaq-listed Forescout will become a private company. CEO and President Michael DeCesare will remain in the leadership role, the companies said.