July 9 (Reuters) - Buyout house TPG is buying a business unit of software provider Forcepoint for $2.45 billion from Francisco Partners, the Wall Street Journal reported on Sunday citing people familiar with the matter. TPG is acquiring Forcepoint's government cybersecurity business, known as Forcepoint Global Governments and Critical Infrastructure, according to the report. TPG and Francisco Partners declined to comment while Forcepoint did not immediately respond to a request for comment. Austin, Texas-based Forcepoint develops and creates computer security software, data protection, and firewall solutions. Forcepoint is exploring sale of its governments security unit for more than $2 billion as part of its strategy to focus on growing its commercial business, sources told Reuters in April.

Source: Wall Street Journal July 10, 2023 01:06 UTC