Forescout: Acquired by a pair of private equity firms for $1.9B
- Forescout, the network security company that has publicly traded since 2017, announced today it going private again
- Private equity firms Advent International and Crosspoint Capital are also acquiring the company in an all-cash purchase of $1.9B
- The stock hit $39.87 on October 4th before starting a precipitous drop later that month, dropping to $24.57 on October 10th
- Not coincidentally, that the day the company reported its earnings and had a bad revenue miss
- Projections had revenue in the $98.8 million – $101.8 million range
- Actual reported revenue was far less at $91.6 million, according to data from the company
