Talend

History

2021: Thoma Bravo bought Talend for $2.4 billion

In mid-March 2021, the investment company Thoma Bravo announced the acquisition of a software developer for the integration of Talend data. The value of the transaction reached $2.4 billion ($66 per share).

The transaction will bring strong and certain monetary value to Talend shareholders, as well as significant strategic and long-term benefits for our customers, employees and other interested parties, "said Talend Chairman Steve Singh in a statement.

Thoma Bravo acquired Talend for $2.4 billion

Singh drew attention to Talend's growth thanks to the efforts of the company's team led by CEO Kristala Bemont. Since April 2020, Talend shares have grown by more than 150%. In her statement, Bemont praised how Talend employees "coped with the goals of 2020 and successfully fulfilled the strategic initiatives and goals that were set. Thoma Bravo, whose portfolio includes more than 80, mostly technology companies, including security-focused firms and which manages $77 billion in assets, has a "successful track record of helping the companies it acquires achieve long-term and sustainable growth," she said. The companies do not comment on whether Bemont will continue to lead the company after the takeover of Thoma Bravo.

We are very pleased to work with the Talend team to further strengthen our leading position in the cloud data integration market, "said Thoma Bravo Managing Partner Seth Boro. - We are confident that we can apply our experience with market-leading software companies to accelerate Talend's growth and complete its transition to the cloud.

Upon completion of the transaction, Talend will become a private company and will continue to invest in cloud technologies, as well as in products and solutions that meet the growing data needs of customers.^[1]

Notes