Grayshift and Magnet Forensics have partnered to deliver powerful solutions –GrayKey and Magnet AXIOM – gether, these best-in-class technologies give law enforcement the critical edge in mobile forensic investigations.
Thoma Bravo said its newly created Morpheus unit will acquire Magnet Forensics for approximately $1.3 billion and take the company private.
Once the deal closes, Thoma Bravo said the plan is to combine Magnet Forensics with Grayshift, a third company that also sells digital forensics software and tools. Thoma Bravo has majority control of Grayshift after a strategic investment last July.
With the two combined entities, Thoma Bravo’s ambition is to create “a powerful end-to-end digital investigations platform” for public safety agencies to work on cybercrime cases.
Grayshift markets mobile device digital forensics tools to help with lawful access and extraction.
The transaction is expected to close by the second quarter this year.
Over recent years, Thoma Bravo has bought into the cybersecurity business in a big way, shelling out billions to acquire Ping Identity ($2.8 billion deal), SailPoint ($6.9 billion all-cash) and Sophos ($3.9 billion).
Read more on the merger and tools.