Report: Trend Micro considers sale to private equity

The cybersecurity provider is reportedly considering a takeover by investors.

Trend Micro is reportedly currently considering a takeover by potential buyers, including private equity investors.

CRN has contacted Trend Micro for comment.

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According to a Reuters report on Thursday, Trend Micro is considering a sale to either a private equity firm or another investor.

The considerations come after the cybersecurity solutions provider noted “takeover interest,” a decline in the company’s share price and a recent weakening of the yen’s value, the report said. Trend Micro is based in Tokyo.

Citing unnamed sources, Reuters reported that Trend Micro has begun working with investment banks to support the process.

Also on Thursday, Trend Micro released its financial results for the second fiscal quarter ended June 30. Net revenue rose 13 percent year-on-year to $440 million.

In October, Trend Micro announced a major step in its efforts to enable the channel to deliver more services around its Vision One cybersecurity platform with the launch of a redesigned partner program that added new competencies, ratings and discounts for partners.

The updates come as Trend Micro continues to enhance the capabilities of Vision One, its unified cybersecurity platform for threat detection, response and prevention.

In recent years, numerous publicly traded cybersecurity vendors have been delisted through deals with private equity investors, including KnowBe4, Proofpoint, SailPoint and Ping Identity.

Earlier this year, Thoma Bravo announced it had reached an agreement to acquire Darktrace in a deal valued at $5.32 billion. A report in late July suggested that Tenable was exploring a sale to a private equity firm or other buyer.