TPG acquires global security company’s government division
James Thorpe
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Forcepoint’s Global Governments and Critical Infrastructure (G2CI) cybersecurity business has been acquired by TPG.
The alternative asset management firm acquired the security company’s key division via TPG Capital, its US and European private equity platform.
“Securing our nation’s critical infrastructure”
The transaction separates Forcepoint’s G2CI and Commercial businesses.
Moreover, it will help mark Forcepoint G2CI’s next chapter as an independent company with the flexibility and resources to grow its platform.
Forcepoint G2CI President Sean Berg has been named CEO of the new company, effective immediately.
“For more than 20 years, Forcepoint G2CI has worked to solve government’s most complex challenges – mitigating the risk posed by insiders, enabling remote work, facilitating data sharing in classified environments and securing our nation’s critical infrastructure,” said Berg.
“As the cybersecurity landscape grows even more complex for public sector organisations worldwide, particularly in the emerging AI era, partnering with TPG positions us to continue to meet our customers’ needs, both now and in the future.”
“Additional flexibility and resources”
“Teams across all levels of government rely on Forcepoint G2CI to conduct mission critical business safely and effectively,” added Tim Millikin, Partner, TPG.
“The transaction provides Forcepoint G2CI with additional flexibility and resources to build upon its trusted platform, serving as a partner of choice to agencies amid an ever-changing operating environment.
“We look forward to partnering with Sean, Peter and the G2CI team to invest behind the company’s capabilities and deepen relationships with global government and critical infrastructure customers.”
