Lookout Sells Cloud Security Business to Fortra
Deal News | May 16, 2025 | Wilmer Cutler Pickering Hale and Dorr LLP
On May 12, 2025, Lookout, Inc., a leading firm in mobile endpoint security, announced the divestiture of its Cloud Security business line to Fortra, LLC. The transaction involved the transfer of all related assets, intellectual property, and personnel to Fortra. This strategic move underscores Lookout's commitment to focusing on its core mobile endpoint security offerings. Wilmer Cutler Pickering Hale and Dorr LLP, led by partners Joe Wyatt and Eric Hanson, advised Lookout on the sale. The divestiture aligns with Lookout's strategic focus, allowing it to solidify its position in its primary business areas while Fortra enhances its capabilities in the cybersecurity sector.
Sectors
- Cybersecurity
- Legal Advisory
- Technology
Geography
- United States – Lookout, Fortra, and the law firm WilmerHale are based in the United States, making it a relevant geographical context for the article.
Industry
- Cybersecurity – The article involves Lookout's Cloud Security business and Fortra, both companies that are active in the cybersecurity sector.
- Legal Advisory – WilmerHale provided legal advice to Lookout during the transaction, highlighting the legal advisory industry's role.
- Technology – Lookout's focus on mobile endpoint security and its divested cloud security services position the article within the technology industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lookout, Inc. | Target Company | Company | A leading company in mobile endpoint security, selling its Cloud Security business as part of a strategic focus shift. |
| Fortra, LLC | Bidding Company | Company | An organization that acquired Lookout's Cloud Security business to enhance its cybersecurity solutions. |
| WilmerHale | Legal Advisor | Company | A law firm advising Lookout on the divestiture transaction. |
| Joe Wyatt | Lead Legal Advisor | Person | Led the WilmerHale team that represented Lookout in the sale. |
| Eric Hanson | Lead Legal Advisor | Person | Co-led the WilmerHale team with Joe Wyatt in advising Lookout. |