|Subhajit Bagchi President|
|Revenue||US$86.2 million (2010)|
|$4 million (2010)|
Number of employees
Tripwire's intrusion detection software was created in the 1990s by Purdue University graduate student Gene Kim and his professor Gene Spafford. In 1997, Gene Kim co-founded Tripwire, Inc. with rights to the Tripwire name and technology, and produced a commercial version, Tripwire for Servers.
In 2005, the firm released Tripwire Enterprise, a product for configuration control by detecting, assessing, reporting and remediating file and configuration changes. In January 2010, it announced the release of Tripwire Log Center, a log and security information and event management (SIEM) software that stores, correlates and reports log and security event data. The two products can be integrated to enable correlation of change and event data. August 21, 2009, the firm acquired Activeworx technologies from CrossTec Corporation.
By May–June 2010, the company had over 5,500 customers and had announced that it had filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. A year later, the company announced its sale to the private equity firm Thoma Bravo, ending its $86 million IPO plans. CEO Jim Johnson cited the firm's failure to reach the $100 million revenue milestone in 2010 as well as changing IPO market expectations as reasons for not going through with the IPO. The day following the acquisition, the company laid off about 50 of its 350 employees.
Tripwire acquired nCircle, which focused on asset discovery and vulnerability management, in 2013.
In December 2014, Belden announced plans to buy Tripwire for $710 million. The acquisition was completed on January 2, 2015. In February 2022, Belden announced to sell Tripwire to HelpSystems.
- "Contact Us". Retrieved August 1, 2019.
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- Rogoway, Mike (October 19, 2009). "Some tech companies fly high in down times". The Oregonian. Retrieved May 25, 2011.
- "Tripwire Form S-1 Registration Statement". United States Securities and Exchange Commission. Retrieved September 17, 2010.
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- "Ending IPO bid, Tripwire sold to private equity firm". Portland Business Journal. May 11, 2011. Retrieved May 25, 2011.
- Siemers, Erik (May 11, 2011). "Ending IPO bid, Tripwire sold to private equity firm". Portland Business Journal. Retrieved May 25, 2011.
- Rogoway, Mike (May 25, 2011). "Tripwire lays off about 50 following its sale". The Oregonian. Retrieved June 1, 2011.
Tripwire laid off about 50 employees Tuesday — nearly 15 percent of its total work force — a day after the Portland network security company completed its sale to a private equity firm. But the layoffs would have happened regardless of that deal, according to Rekha Shenoy, Tripwire's vice president of marketing. Instead, she said, the company is "rightsizing" its work force to bring its headcount in line with industry peers.
- Bradley, Tom (March 11, 2013). "Tripwire acquires nCircle to form new security giant". PC World. Retrieved June 27, 2018.
- "Belden to buy cybersecurity firm Tripwire for $710 million". Reuters. December 10, 2014.
- "Belden Reports Strong Results for Fourth Quarter and Full Year 2021 and Announces a Definitive Agreement to Divest Tripwire". Belden news release. February 9, 2022. Retrieved February 10, 2022.