ForgeRock, Inc.

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ForgeRock, Inc. - overview

Established

2010

Location

San Francisco, CA, US

Primary Industry

Software

About

Based in California, US, and founded in 2010 by co-founders Jonathan Scudder, Victor Ake, and Hermann Svoren, ForgeRock, Inc. (ForgeRock) operates as an identity management platform that provides secure connectivity solutions between devices, users, and systems. As of 2021, the company has offices in Bristol, London, Grenoble, Vancouver (USA), Oslo, Munich, Paris, Sydney, and Singapore. In April 2020, ForgeRock, Inc.


raised USD 93. 5 million in series E funding co-led by Accenture and Riverwood Capital, with participation from KKR. In September 2021, ForgeRock, Inc. was listed on the NYSE for USD 275 million under the ticker symbol FORG.


In October 2022, Thoma Bravo agreed to acquire ForgeRock, Inc. in a public-to-private transaction from Accel, Accenture, Foundation Capital, KKR, Meritech Capital Partners, and Riverwood Capital for USD 2. 3 billion in cash, or USD 23. 25 per share.


The acquisition was completed in August 2023 and the company became a privately held company. In August 2023, Thoma Bravo combined ForgeRock, Inc. and Ping Identity Corporation to form a single entity. The company provides enterprise, cloud, social, and mobile systems platforms for the financial, government, automotive, education, energy, engineering, and healthcare industries.


ForgeRock provides digital identity and access management services through its product, the ForgeRock identity platform. The ForgeRock identity platform includes access management, identity management, directory services, and an identity gateway. ForgeRock Identity Gateway provides an identity gateway for web traffic and application programming interfaces. ForgeRock identity platform can be accessed by purchasing a commercial license from the company, and the source code of its community version is publicly available under the terms of the common development and distribution license.


Current Investors

Accel, KKR, Meritech Capital Partners

Primary Industry

Software

Sub Industries

IT Security/Cybersecurity, Systems Management Software, Monitoring & Security Software

Website

www.forgerock.com

Verticals

Artificial Intelligence, Cloud Computing

Company Stage

Mature

Total Amount Raised

Subscriber access only

ForgeRock, Inc. - timeline of key events

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ForgeRock, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Public to Private, Trade SaleCompletedForgeRock, Inc.-

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ForgeRock, Inc. - employee data

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