Thoma Bravo Agrees to Acquire Ping Identity in $2.8 Billion Take-Private Bid
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Ping Identity, an enterprise authentication software company, may have some value left to unlock -- though it might just require a fingerprint scan, and $2.8 billion, to do so.
That's exactly what private equity firm Thoma Bravo must've been thinking on Wednesday, when it announced a take-private acquisition of the Denver-based company. If approved by shareholders, the deal will bounce the company back into a game of Wall Street ping pong, placing it under the ownership of a private equity firm for the second time in about three years.
Source Fool.com
