Crossbeam Systems acquired by Thoma Bravo

Date:
Friday November 09, 2012

Company Name:
Crossbeam Systems

Company Website:
http://www.crossbeam.com

Categories:
Infrastructure, Storage, Security

Deal:
Acquisition

Source:
http://bit.ly/RNjd3l

Thoma Bravo, LLC, a leading private equity investment firm, has acquired Crossbeam Systems, Inc., a global network security solutions leader.  Financial details were not disclosed. Crossbeam’s current senior management team will continue to manage the company.

“Crossbeam is in a stronger-than-ever position to strengthen and expand our customer solutions,” said Mike Ruffolo, president and CEO of Crossbeam. “Thoma Bravo’s support and expertise in the software and technology industries will allow us to pursue new products and services through strategic initiatives and potential acquisitions to enhance our offerings.”