Advent calls off Forescout acquisition

Non-public equity organization Advent Global is putting its acquisition of network security seller Forescout Technologies on hold.

In February, Advent Global agreed to get Forescout Technologies in an all-dollars transaction valued at $1.nine billion, with a tentative closing date to choose put in the 2nd quarter of 2020.

Rather, Forescout these days released a statement stating it obtained observe from Advent on May well 15that the offer was off. “Advent offered observe that it would not be continuing to consummate the acquisition of Forescout on May well eighteen, 2020 as scheduled. Forescout and Advent are engaged in ongoing discussions

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