Francisco Partners (FP), a tech-focused private equity firm based in San Francisco, has confirmed plans to acquire Bomgar from Thoma Bravo. FP reports the identity management company will strengthen its cybersecurity portfolio.

Bomgar was founded in 2003 and has built its business around defending endpoints and privileged credentials. Its privileged access management and remote support tools have 13,000 customers around the world. Most recently, Bomgar acquired Lieberman Software, a provider of privileged identity and credential management systems. Read more