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1Scan for outdated or missing drivers - takes under a minute2Repair Windows errors before they cause bigger problems3Fix the driver behind crashes, sound loss and screen glitchesBomgar announced an agreement to acquire BeyondTrust on September 13, 2018, and completed the acquisition on October 3, 2018. The combined company operated under the BeyondTrust name. The announcement did not disclose the financial terms.
What happened when Bomgar acquired BeyondTrust?
Bomgar announced on September 13, 2018, that it had signed a definitive agreement to acquire BeyondTrust. At the time, the companies said the combined business would take the BeyondTrust name and be led by Bomgar CEO Matt Dircks. The transaction was completed on October 3, 2018; BeyondTrust published its completion announcement on October 9.
The distinction matters: the September announcement described the planned deal, while the October announcement confirmed it had closed. The completed-company name was BeyondTrust.
Timeline of the acquisition
- September 13, 2018: Bomgar announced the signed agreement to acquire BeyondTrust and said the combined company would use the BeyondTrust name. BeyondTrust’s announcement
- October 3, 2018: The acquisition closed, according to the company’s completion announcement.
- October 9, 2018: BeyondTrust published the post announcing completion and describing the combined portfolio and plans to integrate capabilities. Completion announcement
Why did Bomgar acquire BeyondTrust?
The companies said the deal would bring together Bomgar’s secure remote access and privileged access offerings with BeyondTrust’s privileged security and vulnerability capabilities. Their stated aim was a broader security portfolio, with more resources for innovation, service, and support. These were the companies’ rationale and anticipated benefits, not independent evidence that the promised integration or business results were achieved. Francisco Partners’ announcement
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Products and capabilities described at closing
BeyondTrust’s October 2018 account described a portfolio spanning privileged password management, endpoint privilege management, secure remote access, vulnerability management, and the BeyondInsight platform. Products named at the time included PowerBroker Password Safe, Bomgar Privileged Identity, Privileged Remote Access, Remote Support, and Retina. These names describe the portfolio in 2018; the announcement does not establish current product names or packaging.
The completion post said the company planned to integrate capabilities. Closing the acquisition did not itself mean that integration was complete.
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What name did the combined company use?
The combined company used the BeyondTrust name. In the September announcement, then-Bomgar CEO Matt Dircks said, “For all these reasons and more, we’ve decided that the combined company will carry forth under the BeyondTrust name.” The subsequent completion announcement confirmed the combined company operated as BeyondTrust.
Was the purchase price disclosed?
No. The 2018 announcement said the transaction terms were not published. The cited announcements therefore do not establish a purchase price or other financial terms. Francisco Partners’ announcement
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How many customers did the companies report?
Bomgar’s September 2018 announcement described BeyondTrust as having 4,000 enterprise customers and Bomgar as having more than 16,000 customers. Those are figures attributed to Bomgar’s announcement at the time, not independently verified or current customer counts. Bomgar’s 2018 announcement
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