Global cybersecurity leader Forcepoint announced today that it has reached a definitive agreement to sell its Global Governments and Critical Infrastructure (G2CI) business to TPG, a global alternative asset management firm.
The transaction will result in the separation of Forcepoint's Commercial and G2CI businesses, establishing G2CI as an independent entity.
According to Sean Berg, President of Global Governments and Critical Infrastructure at Forcepoint, "It’s our mission to support the national security and intelligence communities by providing trusted, data-driven security solutions that enable them to collaborate and conduct mission-critical work securely and effectively. TPG has a long history of carving-out, building, and scaling world-class cybersecurity companies. We’re confident that this partnership, along with continued support from Francisco Partners, will provide us the resources and expertise to strengthen our position as a partner of choice for government agencies."
The transaction will enable Forcepoint G2CI to operate with greater flexibility and focus, positioning the new company as a comprehensive, next-generation cybersecurity provider for defense, intelligence, and critical national infrastructure organizations worldwide. TPG will invest in Forcepoint G2CI through TPG Capital, the firm’s U.S. and European late-stage private equity platform.
Tim Millikin, a Partner at TPG, emphasized the importance of dynamic security solutions in today's operating environment, stating, "Today’s operating environment – one in which data volumes are compounding, attack surfaces are broadening, and threats are growing in sophistication – demands dynamic security solutions. This is especially true for the public sector, and Forcepoint has designed its platform to address the unique complexities of government objectives and culture. We’re excited to partner with Sean and the G2CI team to expand the platform and further its position as a leader in high assurance, zero trust security."
Forcepoint G2CI brings over 20 years of expertise in supporting the unique and complex missions and objectives of those involved in protecting national security and mission-critical information. The company has been a Global Cross Domain Solutions market leader for more than two decades, with its Forcepoint Trusted Thin Client and High Speed Guard offerings among the most widely deployed access solutions in the Department of Defense (DoD), Intelligence Community (IC), and Civilian Federal Government.
Manny Rivelo, CEO of Forcepoint, expressed his enthusiasm about the transaction, stating, "This transaction represents an exciting opportunity for the Forcepoint G2CI business to continue its trajectory of growth, delivering high assurance security to government and critical infrastructure customers worldwide. Similarly, it enables the Forcepoint Commercial business to further focus investment and innovation in accelerating the growth of the company’s Data-first SASE platform, Forcepoint ONE, while delivering increased value to our customers."
Brian Decker, Partner at Francisco Partners, emphasized the positive partnership between Forcepoint G2CI and his firm, stating, "Sean and the Forcepoint G2CI team have been excellent partners and built a thriving business that will benefit from operating as its own standalone business. We are excited to remain investors in the business and partner with the management team and TPG to help it continue to grow and succeed."
The sale of Forcepoint's G2CI business marks a significant milestone, enabling both Forcepoint G2CI and Forcepoint Commercial to thrive independently. With TPG's investment and the ongoing support of Francisco Partners, Forcepoint G2CI aims to solidify its position as a global leader in cybersecurity solutions for governments and critical infrastructure.