TPG to buy Forcepoint’s government cyber unit in $2.45 bln deal

Buyout firm TPG will buy the government cybersecurity business of Francisco Partners-owned software company Forcepoint in a $2.45 billion deal, two sources familiar with the matter said on Monday.

The two companies did not disclose the terms of the deal that comes as private equity firms scoop up cybersecurity companies on hopes that the rise in digital presence of governments and business would fuel demand.