At what enterprise value was IMPERVA acquired in 2019?

During the acquisition of IMPERVA by THOMA BRAVO in 2019, the transaction's Enterprise Value is estimated to be in the range of 1b - 4b USD.

What was the EV/EBITDA of IMPERVA when it was acquired by THOMA BRAVO?

The estimated EV/EBITDA multiple for IMPERVA is in the range of Above 20x.

When was IMPERVA acquired by THOMA BRAVO?

IMPERVA was acquired by THOMA BRAVO in 2019.

What was the revenue of IMPERVA at the time of the deal?

The revenue of IMPERVA at the time of the deal is estimated to be in the range of 250M - 500M USD.

What was the EBITDA of IMPERVA during the acquisition?

IMPERVA's EBITDA is estimated to be in the range of 25M - 50M USD.

How is the data for the IMPERVA acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the IMPERVA deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.thomabravo.com/press-releases/imperva-announces-agreement-to-be-acquired-by-thoma-bravo

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Home Database TMT (Tech, Media, Telecom)IMPERVA

01/2019

IMPERVA acquired by THOMA BRAVO

UNITED STATES IT Services / Consulting & Integration / Cybersecurity Services EV 1b - 4b USD

Context

The acquisition of Imperva by Thoma Bravo represents a significant consolidation move within the cybersecurity software sector. By taking the company private, Thoma Bravo aims to provide Imperva with a stable, flexible ownership structure that allows for an unconstrained focus on long-term strategic execution and profitable growth. The transaction structure reflects a strategic alignment between the private equity firm’s operational expertise in the software sector and Imperva’s position as a market-leading provider of data and application security. This move enables the combined entities to accelerate investment in product innovation and market expansion, free from the immediate pressures of public market quarterly reporting. The partnership is designed to strengthen Imperva's competitive advantage in the cybersecurity landscape, allowing the management team to execute on an accelerated roadmap while leveraging the investor’s extensive operational best practices to optimize performance.

IMPERVA, which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the TMT (Tech, Media, Telecom) sector (15.3x).

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Target

Imperva is a global leader in cybersecurity, specializing in the protection of critical applications, APIs, and enterprise data at scale. The company’s business model is built on an integrated platform that combines edge security, application protection (including market-leading Web Application Firewalls), and robust data security. By providing deep visibility into both structured and unstructured data, the firm empowers organizations to prevent breaches, ensure regulatory compliance, and manage risk through AI-driven analytics. The company’s value proposition lies in its ability to secure digital transformation journeys across hybrid and cloud environments. With a portfolio that addresses the entire application and data lifecycle, the firm serves as a critical partner for large-scale enterprises—including a significant portion of the Fortune 100—across sectors such as finance, telecommunications, and healthcare.

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Other operations with IMPERVA

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
07/2023	THALES	IMPERVA	UNITED STATES	Cybersecurity Services

REFERENCES

Valuation range: EV 1b - 4b USD

Revenue range: 250M - 500M USD

EBITDA range: 25M - 50M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of IMPERVA by THOMA BRAVO are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: imperva

Acquirer: thoma bravo