Thoma Bravo Acquires PLATO Learning

Thoma Bravo Acquires Instructure for Approximately $2.0 Billion

March 24, 2020

Cloud & SaaS

Thoma Bravo, a leading private equity firm focused on software, agreed to acquire Instructure in an all-cash transaction that values the company at roughly $2 billion, with Instructure stockholders receiving $47.60 per share. The take-private will allow Instructure to increase investment in product innovation, accelerate growth (including international expansion) and continue to operate under its existing management team.

Thoma Bravo Acquires Anaplan

June 22, 2022

Cloud & SaaS

Thoma Bravo, a leading private equity firm, completed an all-cash acquisition of Anaplan, Inc. for approximately $10.4 billion ($63.75 per share), taking the cloud-native planning software company private. As part of the transaction Anaplan CEO Frank Calderoni stepped down and Charles Goodman was appointed interim CEO; Thoma Bravo said it will invest to accelerate Anaplan's growth and product strategy.

Thoma Bravo Acquires Olo

September 9, 2025

Cloud & SaaS

Thoma Bravo has completed its all-cash acquisition of Olo Inc. for approximately $2.0 billion in equity value, with Olo shareholders receiving $10.25 per share. The deal takes Olo private, its common stock has been delisted from the NYSE, and Thoma Bravo said it will work with Olo’s leadership to scale the platform, expand capabilities, and accelerate product innovation for the restaurant industry.

Thoma Bravo Completes Acquisition of Proofpoint, Inc.

August 31, 2021

Cybersecurity

Thoma Bravo, a leading software-focused private equity firm, completed the acquisition of Proofpoint, Inc. for approximately $12.3 billion in cash. Proofpoint stockholders received $176.00 per share and Proofpoint will operate as a private company under Thoma Bravo to accelerate product innovation and growth in people-centric cybersecurity.

Thoma Bravo Acquires Medallia for $6.4B

October 29, 2021

Cloud & SaaS

Thoma Bravo completed its all-cash acquisition of Medallia, a San Francisco–based leader in customer and employee experience software, in a transaction valued at approximately $6.4 billion. Medallia shareholders received $34.00 per share; Thoma Bravo said it will leverage its software operating expertise and the company’s SaaS and AI capabilities to expand Medallia’s customer reach and accelerate product innovation.

Roper Technologies Acquires Frontline Education from Thoma Bravo

October 4, 2022

Software

Roper Technologies has completed an all-cash acquisition of Frontline Education from private equity firm Thoma Bravo for approximately $3.725 billion. Frontline, a provider of K-12 administration software for human capital, student programs and business operations, will join Roper's portfolio to expand its presence in vertical education software.