ForgeRock reports Q3 2022 ARR up 30%, pending Thoma Bravo acquisition
ForgeRock Announces Third Quarter 2022 Financial Results ↗
What happened
- ForgeRock reported Q3 2022 ARR of $212.8 million, up 30% year-over-year.
- ForgeRock reported Q3 2022 revenue of $58.2 million, up 32% year-over-year.
- ForgeRock's pending acquisition by Thoma Bravo was announced on October 11, 2022, and the company suspended full-year 2022 financial guidance and held no conference call as a result.
Why it matters to Signicat
- The pending Thoma Bravo acquisition is an ownership change for a digital identity competitor, which may affect its go-to-market and product roadmap; this is inferred, not reported in the release.
Evidence from the source (4 quotes)
- “ARR grew 30% year-over-year to $212.8 million” source ↗
- “Revenue grew 32% year-over-year to $58.2 million” source ↗
- “Due to the Company's pending acquisition by Thoma Bravo that was announced on October 11, 2022, there will not be a conference call or live webcast to discuss these financial results.” source ↗
- “Due to the Company's pending acquisition by Thoma Bravo that was announced on October 11, 2022” source ↗
Regulatory commentaryGlobal
3 of 3 facts verified against the source · confidence high · claude-haiku-5-5