Share Price

BeyondTrust

Leading provider of enterprise-class remote support software and an emerging player in the Privileged Access Management market

  • Overview
  • Overview
  • Investment DateJune 2018
  • Lead InvestorFrancisco Partners​
  • RegionUnited States
  • SectorTech, Media & Telecom
  • Percent of Fair Value2.5%
  • Key ThemeLong-Term Secular Growth
  • Visit WebsiteBeyondTrust
$37.2m
Value of Investment
Cyber security and secure access solutions ​
Company Description

Investment Thesis

  • Business combinations form highly attractive position in the privileged access management market ​
  • Strong secular growth​
  • Lower cyclicality in end-market customers​
  • Blue chip customer base

 

Investment Overview

 

Francisco Partners acquired Bomgar in April 2018. Bomgar has two primary offerings: Remote Support and Privileged Access management. Following the initial platform acquisition, Francisco Partners made a series of add-on acquisitions to complement and further strengthen the company’s product offerings. The combined businesses formed a highly attractive, leading position in remote support software and privileged access management markets. In July 2018, Francisco Partners announced that Bomgar would be acquiring Avecto, a UK-based provider of Privileged Escalation and Delegation Management Software. In August 2018, Francisco Partners announced the acquisition of BeyondTrust, a provider of Privileged Access Management and Vulnerability Management Solutions.​

The company has two main service offerings: Security solutions which makes up roughly two thirds of billings and Remote Support which will makes up the remainder.

 

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