Thoma Bravo Completes Sale of Tripwire to Belden

SAN FRANCISCO — January 5, 2015 — Thoma Bravo, a leading private equity investment firm, has completed the sale of Tripwire, a global leader in advanced threat, security and compliance solutions, to Belden Inc. (NYSE: BDC) for $710 million in cash.

Thoma Bravo acquired Tripwire in May 2011. Since Thoma Bravo’s acquisition, Tripwire has grown revenues 70%, improved profitability by 400%, increased market share, and solidified its global leadership position in cybersecurity.

“From the very beginning of our partnership, Thoma Bravo provided Tripwire with the resources and expertise to achieve market leadership in security and vulnerability management,” said Seth Boro, managing partner at Thoma Bravo. “The sale to Belden is a testament to the success we’ve had in partnering with Tripwire to realize its goals, and is a great addition to the list of security software companies we’ve taken to the next stage of growth.”

“Tripwire has been able to strengthen and expand our product portfolio, with Thoma Bravo’s assistance, leading to more value for our customers and positioning the company for the next stage of growth with Belden,” said Jim Johnson, Tripwire president and CEO. “We are very appreciative of Thoma Bravo’s insight over the last several years and look forward to continued innovation with Belden to meet the growing security needs of our customers in the industrial and enterprise ‘Internet of Things’.”

“It was a pleasure to work with the leadership team at Tripwire to harness the growth potential of the brand,” said Robert ‘Tre’ Sayle, partner at Thoma Bravo. “We wish Jim and his team the best as they play an integral role in Belden’s expansion into security solutions.”

Chertoff Capital served as the exclusive investment banking advisor to Thoma Bravo on this transaction. Kirkland & Ellis LLP served as legal advisor.

About Thoma Bravo, LLC

Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm seeks to create value by collaborating with company management to improve business operations and provide capital to support growth initiatives. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. The firm currently manages a series of private equity funds representing more than $7.5 billion of equity commitments. For more information, visit www.thomabravo.com.

About Tripwire

Tripwire is a leading provider of advanced threat, security and compliance solutions that enable enterprises, service providers and government agencies to confidently detect, prevent and respond to cybersecurity threats. Tripwire solutions are based on high-fidelity asset visibility and deep endpoint intelligence combined with business-context and enable security automation through enterprise integration. Tripwire’s portfolio of enterprise-class security solutions includes configuration and policy management, file integrity monitoring, vulnerability management and log intelligence. Learn more at www.tripwire.com, get security news, trends and insights at http://www.tripwire.com/state-of-security/ or follow us on Twitter @TripwireInc.

About Belden

St. Louis−based Belden Inc. delivers a comprehensive product portfolio designed to meet the mission-critical network infrastructure needs of industrial, enterprise and broadcast markets. With innovative solutions targeted at reliable and secure transmission of rapidly growing amounts of data, audio and video needed for today’s applications, Belden is at the center of the global transformation to a connected world. Founded in 1902, the company is headquartered in St. Louis and has manufacturing capabilities in North and South America, Europe and Asia. For more information, visit us at www.belden.com or follow us on Twitter @BeldenInc.