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- ForeScout Technologies
ForeScout Technologies Acquisition, Valuation, Funding & Investors
ForeScout Technologies was acquired by Advent International for $1.4B in February 2020, a 5.9x multiple on $241M of revenue.
ForeScout Technologies acquisition price
$1.4B
Acquired by Advent International · Feb 2020
ForeScout Technologies revenue at acquisition
$241M
Last twelve months · Feb 2020
ForeScout Technologies revenue multiple at acquisition
5.9x
EV/Revenue · Feb 2020
Cumulative funding ForeScout Technologies raised
$80M
across 1 funding round
About ForeScout Technologies
Forescout Technologies is a San Jose-headquartered cybersecurity company offering agentless device visibility for enterprises. It monitors IT, OT, and IoT assets on networks worldwide. The platform integrates with Splunk and ServiceNow for Global 2000 clients in healthcare and manufacturing.
Founded
2000
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$125M (Jan 2016)
Valuation
$1B (Jan 2016)
ForeScout Technologies Acquisition
ForeScout Technologies was acquired by Advent International for $1.4B on 6 February 2020.
The acquisition price implies a 5.9x revenue multiple on $241M of revenue.
Before the acquisition ForeScout Technologies had raised $80M across 1 funding round.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 6 Feb 2020 | PE buyout | $1.4B | 5.9x |
ForeScout Technologies Valuation
ForeScout Technologies is currently valued at $1B, based on its Series G in January 2016.
The $80M round was led by Wellington Management.
ForeScout Technologies valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jan 2016 | Series G | $1B | 8.0x |
ForeScout Technologies Revenue
ForeScout Technologies' latest recorded revenue is $125M, as of its Series G in January 2016. At a $1B valuation, that implies a 8.0x revenue multiple.
ForeScout Technologies revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2016 | $125M | $1B | 8.0x | Series G |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
ForeScout Technologies Funding History
ForeScout Technologies has raised a total of $80M across 1 funding round.
ForeScout Technologies funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2016 | Series G | Wellington Management (lead) | $80M | $1B | ForeScout Technologies, a cybersecurity company specializing in agentless solutions for IoT and network device visibility and control, announced a $76 million late-stage funding round on January 21, 2016, led by Wellington Management Company LLP. The round valued the company at $1 billion post-money, achieving unicorn status after tripling its valuation in 18 months. Proceeds were allocated to expand global field operations, enhance support organizations, double R&D from 100 to 200 employees, and increase sales capacity, targeting up to 900 total employees by year-end driven by growth. The company reported surpassing $125 million in revenue for fiscal year 2015, with over 50% compounded annual growth rate since 2012 while operating near free cash flow neutral. ForeScout's CounterACT platform integrates with over 70 security tools, providing device context for orchestration without agents or prior knowledge, positioning it to address the IoT security market projected to reach 30 billion connected devices by 2020. Competitors include Cisco, against which ForeScout aims to gain ground through sales investments. The Wellington-led round, unusual for a public-market investor, signaled potential IPO preparations, which materialized later in 2017. Total funding raised reached over $121 million including this Series G round. |
Who has invested in ForeScout Technologies?
1 investor has backed ForeScout Technologies across its funding rounds, including Wellington Management.
Lead investors include Wellington Management.
ForeScout Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 ForeScout Technologies investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by ForeScout Technologies
ForeScout Technologies has acquired 3 companies to date.
Last acquisition by ForeScout Technologies was on June 6th 2022. ForeScout Technologies acquired Cysiv for undisclosed valuation.
Latest Acquisitions by ForeScout Technologies
| Description | Cysiv provides managed detection and response services as a SOC-as-a-Service from Atlanta, integrating threat hunting, cloud security, network monitoring, and endpoint protection for enterprises. The platform offers 24/7 operations with usage-based pricing to mid-market companies and MSPs handling hybrid IT environments. | CyberMDX is a Tel Aviv-headquartered provider of cybersecurity for healthcare IoT devices, protecting hospitals worldwide from ransomware and breaches. Acquired by Forescout Technologies in 2021, its agentless platform discovers medical endpoints, assesses vulnerabilities, and prioritizes risks in real-time. Deployed in over 1,000 facilities across North America and Europe, CyberMDX integrates with electronic health records and supports HIPAA compliance. The solution monitors connected devices like infusion pumps and imaging systems. | SecurityMatters is a network security company developing deep-protocol analysis and self-configuring whitelisting technology. The Belgian firm, acquired by ForeScout in 2017, offers network monitoring appliances that inspect traffic at wire speed for intrusion detection. Its solutions stem from over two decades of protocol research, securing industrial and enterprise environments globally. |
| HQ Country | |||
| HQ City | Dallas, TX | New York City, NY | Eindhoven |
| Deal Date | 6 Jun 2022 | 1 Feb 2022 | 8 Nov 2018 |
| Valuation | undisclosed | $80M | $113M |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all ForeScout Technologies acquisitions and their M&A valuation multiples. Start Free Trial | |||
ForeScout Technologies Competitors
ForeScout Technologies competitors include listed companies like CommVault Systems and DPtech, and private ones like JumpCloud, Avathon, Salt Security and Symphony Communication Services.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $56M | - | $2.6B | 46.9x | ||
| Publicly listed | $1.2B | $84M | $6.2B | 5.0x | ||
| Private | - | - | $1.4B | - | ||
| Private | - | - | $1.4B | - | ||
| Private | - | - | $1.4B | - | ||
| Publicly listed | $182M | $25M | $1.4B | 4.9x |
ForeScout Technologies Public Comps
ForeScout Technologies is no longer listed, but its public comps include Secunet, DPtech, CloudWalk, Radware, Red Violet, Eastcompeace Tech, Progress Software, PagerDuty, CETC Cyberspace Security and NSFOCUS.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $528M | $86M | 2.8x | 2.6x | 17.3x | 16.3x | |||
| $182M | $25M | 5.3x | 4.9x | 39.0x | - | |||
| $75M | ($75M) | 18.8x | 19.1x | (18.7x) | - | |||
| $302M | $20M | 3.6x | 3.4x | 56.1x | 23.2x | |||
| $90M | $24M | 13.2x | 11.7x | 50.0x | 31.7x | |||
| $197M | $26M | 4.8x | - | 36.4x | - | |||
| $978M | $302M | 3.0x | 2.9x | 9.6x | 7.3x | |||
| $493M | $17M | 2.2x | 2.2x | 64.6x | 7.7x | |||
This data is available for Pro users. Sign up to see all ForeScout Technologies competitors and their valuation data. Start Free Trial | ||||||||
Common questions about ForeScout Technologies
| When was ForeScout Technologies founded? | ForeScout Technologies was founded in 2000. |
| Where is ForeScout Technologies headquartered? | ForeScout Technologies is headquartered in San Jose, CA, United States. |
| Is ForeScout Technologies publicly listed? | No, ForeScout Technologies was acquired by Advent International in February 2020. |
| Who acquired ForeScout Technologies? | ForeScout Technologies was acquired by Advent International in February 2020. |
| How much was ForeScout Technologies acquired for? | ForeScout Technologies was acquired for $1.4B in February 2020, a 5.9x revenue multiple. |
| What is ForeScout Technologies' valuation? | ForeScout Technologies was last valued at $1B in its Series G in January 2016. |
| How much funding has ForeScout Technologies raised? | ForeScout Technologies has raised $80M across 1 funding round. |
| What was ForeScout Technologies' last funding round? | ForeScout Technologies' last funding round was a $80M Series G in January 2016, led by Wellington Management. |
| Who are ForeScout Technologies' investors? | ForeScout Technologies' investors include Wellington Management. |
| What is ForeScout Technologies' revenue? | ForeScout Technologies' latest recorded revenue is $125M (January 2016). |
| What is ForeScout Technologies' revenue multiple? | ForeScout Technologies' latest valuation implies a 8.0x revenue multiple ($1B valuation on $125M of revenue). |
| Which companies are comparable to ForeScout Technologies? | Companies comparable to ForeScout Technologies include JumpCloud, CommVault Systems, Avathon, Salt Security, Symphony Communication Services and DPtech. |
| How many companies has ForeScout Technologies acquired? | ForeScout Technologies has acquired 3 companies, including Cysiv, CyberMDX and SecurityMatters. |
| What was the largest acquisition by ForeScout Technologies? | The $113M acquisition of SecurityMatters in November 2018 is the largest acquisition ForeScout Technologies has made to date. |
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