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Business/Financial

Forcepoint Selling Government And Critical Infrastructure Business

By Cal Biesecker

Monday, July 10th, 2023

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Forcepoint Selling Government And Critical Infrastructure Business

Sean Berg, president, Global Governments and Critical Infrastructure at Forcepoint. LinkedIn photo.

The cybersecurity firm Forcepoint on Monday said it is selling its government and critical infrastructure business to the asset management firm TPG [TPG], creating an independent entity that will focus on defense, intelligence, and critical infrastructure customers globally. Terms of the deal, which is expected to close in the fourth quarter subject to regulatory approvals, were not disclosed. The Wall Street Journal reported the transaction price to be nearly $2.5 billion. Forcepoint is a portfolio company of the investment firm…

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