Digital Security: M&A Heating Up In Identity & Access Management
Identity management specialist Ping Identity (a portfolio company) just announced its acquisition by private equity firm Thoma Bravo for a $2.8 billion enterprise value and a massive 63% premium, marking the sixth multi-billion M&A deal in cybersecurity so far this year. This deal follows the recent SailPoint takeover (also by Thoma Bravo), which was the…