Francisco Partners completes Forcepoint acquisition
Francisco Partners of San Francisco, CA announced on January 11 it has closed on the previously announced acquisition of Austin, TX-based Forcepoint from Raytheon Technologies. Forcepoint is a 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 (CEO) 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. Forcepoint’s SASE approach recognizes solving today’s most pressing security problems requires tight integration of capabilities that cross traditional product boundaries. It is cloud-native, end-user aware and powered by a converged security platform, and available today through Forcepoint Cloud Security Gateway and Private Access.
“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. Likewise, every organization 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’,” said Rivelo. “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. Previous executive roles held by Rivelo include chief customer officer at Arista Networks, president and CEO as well as executive vice president, security, service provider and strategic solutions at F5 Networks, president and CEO of AppViewX, and various senior leadership roles at Cisco Systems.
Forcepoint also announced two new executive appointments that will strengthen the leadership team as the company becomes an independent entity. These include Dave Stevens as senior vice president of strategy and execution and John DiLullo as chief revenue officer (CRO). Additionally, Sean Berg has been promoted to president of global governments and critical infrastructure. Stevens, DiLullo, and Berg will all report to CEO Manny Rivelo.
Source: Francisco Partners