In a landmark move, Nasdaq has signed an agreement to purchase Adenza, a provider of risk management and regulatory software in the financial services sector, for a whopping $10.5 billion, from Thoma Bravo. The acquisition, financed in a mix of cash and common stock, fast-tracks Nasdaq’s strategic aspiration to become a global linchpin in the […]
QAD, a portfolio company of Thoma Bravo, has acquired Redzone, a connected workforce solution platform, for approximately $1 billion, strengthening the former’s idea of the adaptive enterprise. The transaction follows the US-based QAD’s acquisition of Livejourney in December 2022, and marks the second for the company in the last two months. With the acquisition, QAD […]
Thoma Bravo, through its arm Morpheus Purchaser, will acquire Magnet Forensics, a Canadian digital investigation software company, for an aggregate total equity value of around CAD 1.8 billion ($1.34 billion). The proposed acquisition is expected to help the American software investor create an advanced end-to-end digital investigations platform for public safety agencies globally. Founded in […]
Thoma Bravo, an American software investment firm, has agreed to acquire Coupa Software, a cloud-based business spend management platform listed on Nasdaq, for an enterprise value of $8bn. Coupa Software platform integrates processes across supply chain, procurement, and finance functions as well as enables enterprises to maximize value and operationalize purpose through their business spend. […]
Thoma Bravo and Sunstone Partners have agreed to acquire UserTesting, a video-based human insights provider, in an all-cash transaction valued at approximately $1.3 billion. UserTesting will become a privately held company and its common stock will no longer be publicly listed on the New York Stock Exchange (NYSE) following the completion of the proposed deal. […]
Thoma Bravo acquisition of ForgeRock : Software investment firm Thoma Bravo has signed an agreement to acquire global digital identity company ForgeRock in a deal worth approximately $2.3 billion. Under the terms of the agreement, ForgeRock shareholders will be paid $23.25 per share, which represents a premium of approximately 53% over the company’s closing share […]
Ping Identity, an intelligent identity solutions provider listed on the NYSE, has agreed to be acquired by Thoma Bravo in an all-cash deal worth around $2.8 billion. As per the terms of the deal, Ping Identity’s shareholders will be paid $28.5 per share by the software investment firm. The deal will take Ping Identity private. […]
Stamps.com, a US-based provider of e-commerce shipping software solutions, has agreed to be acquired by software investment firm Thoma Bravo for around $6.6 billion in an all-cash deal. As per the terms of the deal, stockholders of the publicly-listed company on NASDAQ will be paid $330 per share. Based in El Segundo, California, Stamps.com caters […]
Majesco, a provider of cloud insurance platform software, has acquired insurtech company ClaimVantage, for an undisclosed price. Based in Portland, Maine, ClaimVantage offers enterprise claims software and also absence and accommodation management for the life and annuities (L&A) market segment. The acquisition of ClaimVantage follows the closing of the $729 million acquisition of Majesco by […]
Thoma Bravo acquisition of AxiomSL : Private equity firm Thoma Bravo has agreed to acquire a controlling stake in New York-based Axiom Software Laboratories (AxiomSL), which provides cloud-enabled risk management and regulatory solutions for banking, broker dealers, investment management, and commodity trading institutions. The financial terms of the deal were not disclosed. AxiomSL, which was […]