ForgeRock, Inc. was an
identity and access management software company headquartered in
San Francisco
San Francisco, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of ...
. On August 23, 2023,
Thoma Bravo
Thoma Bravo, LP is an American private equity and growth capital firm based in Chicago, Illinois. It is known for being particularly active in acquiring enterprise software companies and has over $130billion in assets under management .
It ...
announced that it had completed the acquisition of the company for approximately $2.3 billion. On acquisition completion, ForgeRock merged into
Ping Identity, and both product portfolios continue being developed.
Overview
ForgeRock was founded in Norway in February 2010 by a group of former
Sun Microsystems
Sun Microsystems, Inc., often known as Sun for short, was an American technology company that existed from 1982 to 2010 which developed and sold computers, computer components, software, and information technology services. Sun contributed sig ...
employees, after
Sun was acquired by Oracle Corporation. After the acquisition, the software was scheduled for phase-out in favor of Oracle’s in-house product,
so the founders "started their own company to
fork the code and continue developing Sun’s software."
In April 2020, ForgeRock announced that it has raised $93.5 million in funding, a Series E it will use to continue expanding, which "brings the total raised by the company to $230 million."
The company went public in September 2021. It is listed on the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
under the ticker symbol FORG.
On October 11, 2022, private equity firm, Thoma Bravo, agreed to purchase ForgeRock for $2.3 billion in an all-cash deal. After the acquisition was completed in August 2023, the new owner reported that ForgeRock would be integrated into its company portfolio Ping Identity.
Products
The ForgeRock Identity Platform includes Access Management (based on the
OpenAM open source project), Identity Management (based on the
OpenIDM open source project), Directory Services (based on the
OpenDJ open source project), and Identity Gateway (based on the OpenIG open source project).
ForgeRock Access Management provides
access management, ForgeRock Directory Services is an
LDAP directory service
In computing, a directory service or name service maps the names of network resources to their respective network addresses. It is a shared information infrastructure for locating, managing, administering and organizing everyday items and network ...
, ForgeRock Identity Management is used for
identity management, and ForgeRock Identity Gateway provides an identity gateway for
web traffic
Web traffic is the data sent and received by visitors to a website. Since the mid-1990s, web traffic has been the largest portion of Internet traffic. Sites monitor the incoming and outgoing traffic to see which parts or pages of their site are ...
and
application programming interface
An application programming interface (API) is a connection between computers or between computer programs. It is a type of software Interface (computing), interface, offering a service to other pieces of software. A document or standard that des ...
s (APIs).
Originally based on
open source
Open source is source code that is made freely available for possible modification and redistribution. Products include permission to use and view the source code, design documents, or content of the product. The open source model is a decentrali ...
software owned by Sun Microsystems (now Oracle Corporation), the enterprise version of the ForgeRock Identity Platform can only be accessed by purchasing a commercial license.
The source code of the community version is publicly available under the terms of the
Common Development and Distribution License.
See also
*
Customer identity access management
References
External links
* {{official website, http://www.forgerock.com
Identity management
Identity management systems
Companies based in San Francisco
American companies established in 2010
2010 establishments in California
Companies formerly listed on the New York Stock Exchange
Software companies established in 2010
Software companies of the United States
2021 initial public offerings
2023 mergers and acquisitions
Thoma Bravo companies