Vector Capital has become the majority shareholder in WatchGuard Technologies by acquiring the interests in the business previously owned by Francisco Partners and other co-investors.
Financial terms of the deal have not been disclosed.
Founded in 1996, WatchGuard has made enterprise-grade security accessible to all types of organisations for more than 25 years. The company’s unique focus on delivering best-of-breed security offerings and enabling Managed Service Providers (MSPs) to easily deploy and administer these solutions has fuelled mainstream adoption of advanced cybersecurity.
During Vector Capital’s and Francisco Partners’ joint ownership for more than a decade, WatchGuard transformed from a trusted network security vendor to a full-fledged cybersecurity platform provider. Today, the company’s Unified Security Platform enables more than 17,000 MSPs to protect the environments, users and networks of more than 250,000 businesses worldwide.