Ping Identity accepts $2.8 billion all-cash offer

Founded in 2002, Ping Identity is an authentication and security service provider for enterprises. It currently has more than 1,200 customers, covering half of the Fortune 100 companies. Recently, Ping Identity, an enterprise identity security management company, announced while releasing its second-quarter financial report that the company’s board of directors has accepted the private equity firm Thoma Bravo’s latest privatization acquisition plan. Thoma Bravo will be completed in all cash at a price of $28.50 per share. acquisition. The transaction, which is subject to regulatory and other approvals, is expected to close in the fourth quarter.

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