Thoma Bravo Acquires Ping Identity

Thoma Bravo Acquires ForgeRock; Combines ForgeRock into Ping Identity

August 23, 2023

Software

Thoma Bravo completed its $2.3 billion all-cash acquisition of ForgeRock, paying $23.25 per share and taking the company private. The firm will combine ForgeRock into its existing portfolio company Ping Identity to broaden capabilities and scale in the Identity and Access Management market; ForgeRock’s Class A common stock was delisted from the NYSE.

Thoma Bravo Acquires SailPoint for $6.9 Billion

August 16, 2022

Cybersecurity

Thoma Bravo completed an all-cash acquisition of SailPoint Technologies for approximately $6.9 billion, taking the identity-security software company private. The deal, providing SailPoint stockholders $65.25 per share, gives SailPoint access to Thoma Bravo’s operational resources and capital to accelerate product innovation and expand its global customer base.

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.

Thoma Bravo Completes Acquisition of Imperva

January 11, 2019

Cybersecurity

Thoma Bravo, a leading private equity firm, completed its acquisition of cybersecurity company Imperva, Inc., taking the company private after shareholders approved the $55.75 per-share cash deal. Imperva’s common stock was removed from the Nasdaq following the close as Thoma Bravo said it will partner with management to accelerate growth and build a market-leading data and application security business.

Thoma Bravo Acquires Coupa Software

February 28, 2023

Cloud & SaaS

Thoma Bravo completed an all-cash acquisition of Coupa Software valued at approximately $8.0 billion, with a significant minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Coupa stockholders received $81.00 per share, Coupa will be delisted from Nasdaq, and Thoma Bravo said it will invest to accelerate product innovation and growth, including potential M&A.