Francisco Partners Explores Sale of Cyber Firm BeyondTrust
Francisco Partners, a private equity firm, is exploring a potential multi-billion dollar sale of BeyondTrust Software Inc., a cybersecurity company it owns. The move comes as investors show increasing interest in security software offerings amid growing concerns about cyber threats. BeyondTrust, which provides privileged access management and vulnerability management solutions, was acquired by Francisco Partners in 2018. The firm is now seeking to capitalize on the strong demand for cybersecurity products by exploring a sale of the company. The details of the potential transaction, including the timeline and the final sale price, are still unclear. However, the move reflects the growing importance of cybersecurity in the current business landscape and the potential for significant returns for investors in this sector.
Source: For the complete article, please visit the original source link below.
