Private equity firm picks up Tripwire

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Private equity firm picks up Tripwire

Simon Quicke

IT security and automated compliance specialist Tripwire is talking up its growth ambitions after being acquired by private equity outfit Thoma Bravo.

The undisclosed deal will see Tripwire get access to some financial muscle which it plans to use to grow the firm with the new owners nodding to its track record in buying and building firms as a reassurance the tie-up will be positive for channel partners.

Even before the acquisition Tripwire had set out its ambitions to grow its channel and expand into emerging markets at the start of the year when it appointed former Symantec executive Mark Bradley as vice president of EMEA sales with a brief to increase sales via resellers.

The Thoma Bravo deal will not have too much outward impact with Tripwire continuing to operate as an independent entity run by the current CEO Jim Johnson.

Johnson said that it would exploit the change of ownership to push forward its plans and would grow the company.

In response Robert Sayle, vice president at Thoma Bravo, said that it wanted to reinforce the position of Tripwire in the security market and the firm was, "confident it can accelerate growth of the company through our buy and build strategy".

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