Private Equity
(Reuters) -Digital identity management company ForgeRock said on Tuesday it will be acquired by buyout firm Thoma Bravo in an all-cash deal valued at about $2.3 billion. ForgeRock shareholders will receive $23.25 for each share held, which represents a premium of about 53.4 per cent to the stock's last closing price. Shares of ForgeRock jumped 50 per cent to $22.76 in premarket trade, after having fallen 43.2 per cent so far this year. The San Francisco-based company provides identity and access management solutions for consumers, workforce and internet of things devices.