Advent International completes acquisition of Forescout

Advent International, an American private equity firm, announced they will complete their acquisition of Forescout, a security operating platform company, for $1.9B by May 18.



“The Board of Directors considered the likely volatility associated with the business model transition to ratable revenue recognition, changes to our go-to-market initiatives, particularly in EMEA, and timing of significant eight-figure deals...We are confident that this transaction is the best path forward for Forescout and our stakeholders.”
Theresia Gouw, Chair of the Forescout Board

The purchase price accounts for a 30% premium over the closing share price as of October 18th, the last trading day before the deal was announced.

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