ForgeRock, Inc.
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ForgeRock, Inc. - overview
Established
2010
Location
San Francisco, CA, US
Primary Industry
Software
About
Based in Colorado, US, and founded in 2010, ForgeRock, Inc. (ForgeRock) operates as an identity management platform that provides secure connectivity solutions between devices, users, and systems. In October 2022, Ping Identity Corporation, a portfolio company of Thoma Bravo agreed to acquire ForgeRock, Inc. 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, in a public-to-private transaction. The deal was completed in August 2023, and the company got delisted from the NYSE. 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, Monitoring & Security Software, Systems Management Software
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
ForgeRock, Inc. - timeline of key events
ForgeRock, Inc. - financials
| Fiscal Year Ended | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue (USD) | 104,498,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - |
| EBITDA (USD) | (24,765,000) | - | - | - |
| Operating Income (USD) | (37,022,000) | - | - | - |
| Operating Margin | (35.4%) | - | - | - |
| % EBITDA Margin | (23.7%) | - | - | - |
| NET Income (USD) | (36,908,000) | - | - | - |
| % Net Margin | (35.3%) | - | - | - |
ForgeRock, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(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 Sale | Completed | ForgeRock, Inc. | - |
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ForgeRock, Inc. - employee data
ForgeRock, Inc. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Board Member | BM |
BM Board Member
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