Israeli cyber-security firm Forescout to be acquired for $1.9 billion

Israeli cyber-security firm Forescout will be acquired by Advent International for $1.9 billion, financial news websites report.

The all-cash deal will hand each Forescout shareholder $33 per share in cash.

“This transaction represents an exciting new phase in the evolution of Forescout,” says the company’s CEO Michael DeCesare. “We are excited to be partnering with Advent International and Crosspoint Capital, premier firms with security DNA and track records of success in strengthening companies and supporting them through transitionary times.

“We look forward to working with Advent and Crosspoint Capital to advance our strategic objectives and want to thank our employees for their continued hard work and commitment to Forescout.”

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