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Francisco Partners completes acquisition of Forcepoint

Francisco Partners completes acquisition of Forcepoint

Enterprise SecurityIntelligent TechnologyRegional NewsTop Stories

Francisco Partners, a global investment firm that specialises in partnering with technology and technology-enabled businesses, recently announced it has closed on the previously announced acquisition of Forcepoint from Raytheon Technologies.

Forcepoint is a global provider of cybersecurity solutions that protects the critical data and networks of thousands of customers throughout the world.

Coinciding with the transaction close, the company’s Board of Directors has appointed Manny Rivelo as Chief Executive Officer effective immediately.

As CEO, Rivelo will focus the company’s strategy on accelerating enterprise and government agency adoption of a modern approach to security that embraces the emerging Secure Access Service Edge (SASE) architecture.

“Cybersecurity has never been more important for businesses and governments around the world. As we continue to see broad-scale global attacks, the cybersecurity industry needs to evolve to deliver security capabilities to match those of today’s sophisticated threat actors,” he said. “Likewise, every organisation today needs to evolve its security posture to holistically integrate cybersecurity across the entirety of its business operations and culture. It can no longer be viewed as ‘just an IT issue’. I look forward to solidifying Forcepoint’s leadership position as the global cybersecurity partner of choice for enterprises and government agencies.”

Rivelo joins Forcepoint with more than 30 years of experience across executive leadership, product management, customer support and sales functions with some of the world’s leading security and Information Technology companies.

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