Thoma Bravo

Thomas Bravo improves the efficiency of companies through cooperation with the company's management to improve business operations and provides capital funds to support growth initiatives. Thoma Bravo invests in application and infrastructure software and technology-enabled services. As of December 2014, the firm manages a number of private investment funds, amounting to more than $7.5 billion in commitments to provide funds.

History

2023

Thoma Bravo bought Nextgen Healthcare

On September 6, 2023, American private equity firm Thoma Bravo announced an agreement to buy NextGen Healthcare, a healthcare software provider. The transaction amount is $1.8 billion, including debt. Read more here.

Thales bought Imperva for $3.6 billion

On July 25, 2023, the French aerospace technology developer Thales announced the conclusion of an agreement to acquire the American company Imperva, specializing in information security software development. The deal amounted to $3.6 billion. Under the terms of the contract, Thales will buy back a 100% stake in Imperva from the investment firm Thomas Bravo. Read more here.

2022

Purchase of information security company SailPoint for $6.9 billion

On April 11, 2022, the investment company Thomas Bravo announced the acquisition of SailPoint for $6.9 billion. To pay for the deal, the buyer will raise funds from Golub Capital, Blackstone Credit and Owl Rock Capital. The deal is expected to close in the second half of 2022. Read more here.

Anaplan purchase for $10.7 billion

In mid-March 2022, the investment company Thomas Bravo announced the purchase of Anaplan. The deal amounted to $10.7 billion. Read more here.

2021

Investing in the FTX Trading crypto exchange

On July 20, 2021, FTX Trading announced that its market value had grown to $18 billion. This happened after a round of financing, thanks to which the cryptocurrency platform managed to attract investments in the amount of $900 million. The fund-raising event involved SoftBank Group Corp. and has become one of the biggest investors for the cryptocurrency exchange. Read more here.

Purchase of the developer of ERP QAD ERP systems for $2 billion

At the end of June 2021, the investment company Thomas Bravo announced the purchase of the developer of ERP QAD ERP systems for $2 billion. The terms of the deal assume that Thoma Bravo will pay $87.50 per Class A or Class B QAD common share. The transaction is expected to close in the fourth quarter of 2021. Read more here.

Buying cybersecurity solutions provider Proofpoint

At the end of April 2021, Thoma Bravo announced the acquisition of a solution developer for collateral. cyber security Proofpoint The deal is estimated at $12.3 billion. More. here

Purchase of financial software developer Calypso Technology

At the end of March 2021, the investment company Thomas Bravo announced that it had reached an agreement to acquire the financial producer POCalpso Technology from the international alternative investment fund management group Bridgepoint for $3.7 billion. The deal, which requires regulatory approval, is expected to be completed in the second quarter of 2021. Read more here.

Purchase of Talend data integration software developer for $2.4 billion

In mid-March 2021, the investment company Thomas Bravo announced the acquisition of Talend data integration software developer. The value of the transaction reached $2.4 billion ($66 for each share). Read more here.

2020

RealPage Real Estate Software Developer Purchase

On December 21, 2020, private equity firm Thoma Bravo announced the acquisition of RealPage, a real estate software developer. The deal is estimated at $10.2 billion. Read more here.

Selling Compuware Mainframe Software Developer

In early March 2020, BMC Software announced the acquisition of Compuware. The companies exercised the right not to disclose the financial terms of the transaction because they are both non-public. BMC Software only called this purchase "one of its largest in recent years." Read more here.

2019

Purchase of information security company Sophos for £3.1bn

On October 14, 2019, Thomas Bravo announced the acquisition of Sophos for £3.1 billion (about $3.8 billion), taking into account the debts of the British manufacturer of cybersecurity solutions. Read more here.

Purchase of ConnectWise Software Developer

In late February 2019, Thoma Bravo announced the purchase of ConnectWise. The value of the deal has not been made public. The publication ChannelE2E writes that Thomas Bravo could pay about $1.5 billion. The deal closed on Feb. 28. Read more here.

Purchase of mortgage processing software developer Ellie Mae for $3.7 billion

In February 2019, Thomas Bravo announced the acquisition of mortgage processing software developer Ellie Mae for $3.7 billion. Per share of the company being absorbed, the value of the transaction is $99, which is 47% more than the average rate of quotations for the 30 days that preceded the announcement of the sale of Ellie Mae. Read more here.

2018

Purchase of cloud software developer to protect Veracode applications for $950 million

On November 5, 2018, Thoma Bravo announced the acquisition of cloud application protection software developer Veracode for $950 million. The transaction cost is 55% more than CA Technologies paid for the purchase of a software developer in March 2017. Veracode then became the property of Broadcom, along with CA Technologies, which was bought by the chipmaker in July 2018 for $18.9 billion. Read more here.

Purchase of information security equipment developer Imperva for $2.1 billion

On October 10, 2018, Thoma Bravo announced the acquisition of information security equipment manufacturer Imperva for $2.1 billion. Read more here.

2017: $1.5bn Barracuda purchase

On September 27, 2017, the sale of Barracuda Networks for $1.5 billion was announced. The company will go into the hands of private investors, so it will cease to be public. According to a statement from Barracuda, the company agreed to an offer to acquire Thomas Bravo, an investment fund, at a price of $27.55 per share. Read more here.

2016

Deltek sale for $2.8 billion

December 6, 2016 it became known about the sale of Deltek for almost $3 billion. This company from the private investment fund Thomas Bravo is bought by the American IT service provider Roper Technologies. Read more here.

Purchase of PO HPE Division for $9 billion

On September 2, 2016, it became known about HPE's plans to sell the software division of the investment company Thomas Bravo. The amount of the transaction ~ $8 - $10 billion.

Investment bank Goldman Sachs has taken over the sale of HPE software assets. The highest price offered by the bank is $7.5 billion. Thoma Bravo doesn't mind paying more, despite a divergence from HPE's management in asset valuations. HPE's offers were made by Vista Equity Partners Management, Carlyle Group and TPG Capital. The media heard information, citing insiders, about the likely sale of the software division to another buyer or Thomas Bravo's offer to part of^[1] assets^[1].

Thomas Bravo is interested in buying the division, as by this time it owns several software development firms - Dynatrace and Compuware. This fact can facilitate the sale process. The leadership of Thomas Bravo believes that their software assets will work more efficiently in integration with HPE assets.

The net revenue of the HPE software division in 2015 reached $6.3 billion, which is $0.3 billion less than in 2014. The company attributed the drop in revenue to a shift in market demand towards cloud technology.

HPE received part of its software assets with an acquisition Autonomy for $10.3 billion in 2011. Previously, in 2006, HPE bought Mercury Interactive for $4.5 billion. The large software assets of HPE include the analysis platform big data Vertica and, ArcSight it operates in the field of information security IT management.

Purchase of Qlik for $3 billion

In early June 2016, it became known about the sale of Qlik in private hands. Thus, the owners of the company succumbed to investor pressure.

A major manufacturer of business intelligence and data visualization solutions is being bought by private equity firm Thoma Bravo. The transaction will cost about $3 billion or $30.5 per Qlik share, which is 40% more than the average exchange value of the company's securities for the 10-day period ended March 3, 2016. Read more here.

Sale of Vision Solutions to Clearlake Capital Group

Until 2016, Vision Solutions was the private property of the Thomas Bravo Foundation for ten years. On May 12, 2016, it was announced that Clearlake Capital Group had bought Vision Solutions from Thoma Bravo.

2015

Buying a stake in SolarWinds

On October 21, 2015, the sale of SolarWinds to private equity firms Silver Lake Partners and Thomas Bravo was announced. The deal will cost $4.5 billion.

According to his sources, to finance the purchase of SolarWinds, investors will attract loans ranging from $1.4 billion to $1.5 billion and sell bonds worth $600-700 million. Read more here.

Sale of Blue Coat Systems to Bain Capital fund for $2.4 billion

On March 10, 2015, it became known about the sale and purchase of Blue Coat Systems to funds managed by the investment firm Bain Capital^[2].

The deal is estimated at $2.4 billion.

Investment company Thoma Bravo, the former owner, acquired Blue Coat in 2011 for $1.3 billion. The announced plans of Bain Capital further expand the range of services and goods of the company with the subsequent withdrawal of its shares to the stock market.

2014

Buying a stake in Riverbed

In December 214, Riverbed Technology announced it had acquired Thoma Bravo, a private equity fund, and Teachers' Private Capital, an investment arm of the Ontario Teachers' Pension Fund. Under the terms of the agreement, Riverbed shareholders will receive $21 per share in cash, a total of $3.6 billion. Read more here.

Sale of stake in Attachmate Group to Micro Focus

In September 2014, Attachmate Group a private holding company, a manufacturer ON owned by an investment group led by Francisco Partners, Golden Gate Capital, Elliott Management and Thomas Bravo, announced an agreement to merge with the company. Micro Focus All merger operations are expected to be documented by November 3, 2014. More. here

Takeover of Compuware APM group

In 2014, Thoma Bravo acquired Compuware APM group and renamed it Dynatrace.

2012: Thoma Bravo initiates sale of Crossbeam Systems to Blue Coat

In December 2012, Blue Coat announced the conclusion of a purchase agreement, Crossbeam Systems a developer of high-performance and highly scalable network equipment for creating firewalls software products, in particular,,,, and Check Point McAfee. Imperva Sourcefire IBM Trend Micro

Blue Coat and Crossbeam are part of a group of companies controlled by the Thomas Bravo Foundation, which in fact was the initiator and organizer of the transaction. The acquisition process of Crossbeam Systems is expected to be completed on December 31, 2012. Crossbeam will then operate under the Blue Coat brand and all of its core business functions will be integrated with Blue Coat's business.

At the same time, Blue Coat announced that Crossbeam customers will continue to receive the same high level of support and service. Moreover, as part of the integration, a unified support system based on the best methodologies and technologies of both companies will be created in the future.

Existing Blue Coat and Crossbeam sales channels will operate independently for now. Read more here.

2011: $1.3 billion takeover of security developer Blue Coat

Within 18 years, Blue Coat changed its name, passed an IPO, moved to Silicon Valley in California (USA), absorbed a dozen small firms and in 2011 it was acquired by the Thomas Bravo investment fund for $1.3 billion. Read more here.

2010: Purchase of LANdesk from Emerson Corporation

In September 2010, an agreement in principle was announced with the investment company Thomas Bravo, which acquired LANDesk Software from Emerson Electric. Financial details were not disclosed.

LANdesk emphasizes that Thomas Bravo is really interested in investing in LANdesk, and the change of ownership should have a beneficial effect on the company's activities. Despite all the previous changes of the company from hand to hand, LANdesk has retained the previous management structure. A similar opinion is expressed by representatives of Thomas Bravo. LANdesk cites the example of Flexera, which, after taking ownership of Thoma Bravo, doubled its sales. Thanks to the new investments, LANdesk will be able to more energetically develop the previously planned new products.

2008: Creation of the company as a continuation of the Thomas Cressey Bravo Foundation

Thomas Bravo was established in 2008 as a successor to the Thomas Cressey Bravo Foundation.

Notes