Thoma Bravo Acquires Greenphire from The Riverside Company

Suvoda and Greenphire Merge; Thoma Bravo Leads Investment

April 24, 2025

Healthcare Services

Suvoda and Greenphire have completed a merger to form a unified clinical-trial technology company operating under the Suvoda name. Thoma Bravo is the lead strategic investor in the combined business, with Bain Capital Tech Opportunities and LLR Partners taking significant minority stakes to support the expanded end-to-end platform for sponsors, sites, and patients.

Greenphire Acquires Clincierge to Expand Clinical Trial Participant Support

February 1, 2024

Healthcare Services

Greenphire, a Thoma Bravo-backed provider of clinical trial software, has acquired Clincierge, a concierge travel and logistics service for clinical trial participants. The acquisition expands Greenphire's participant support capabilities by integrating high-touch travel and logistics services with its payment and trial-support technology to improve participant experience and trial efficiency.

Thoma Bravo Completes Growth Investment in Hypergene

December 14, 2023

Cloud & SaaS

Thoma Bravo has completed a majority growth investment in Hypergene, a Malmö-based SaaS provider of corporate performance management and project & portfolio management software. The investment will support Hypergene's product development and European expansion; Monterro and other minority shareholders sold their stakes with Hypergene management remaining as shareholders.

Thoma Bravo Acquires NextGen Healthcare

November 10, 2023

Cloud & SaaS

Thoma Bravo, a leading software-focused private equity firm, has completed the acquisition of NextGen Healthcare, Inc. for $1.8 billion, taking the company private at $23.95 per share. The transaction (previously announced Sept. 6, 2023) will delist NextGen from Nasdaq and aims to accelerate product innovation and growth across NextGen's cloud-based ambulatory healthcare technology offerings.

Thoma Bravo and 7RIDGE Invest in Trading Technologies

November 10, 2025

Cloud & SaaS

Thoma Bravo has closed an investment in Trading Technologies, joining existing investor 7RIDGE in the company's ownership to support the next phase of platform expansion and product innovation. Terms were not disclosed; advisors to the transaction included Houlihan Lokey and Barclays for Trading Technologies and Ardea Partners and Goodwin Procter for Thoma Bravo.

Thoma Bravo Acquires Calabrio from KKR

April 19, 2021

Software

Thoma Bravo, a leading private equity firm focused on software, has completed the acquisition of Calabrio, a cloud-first customer experience intelligence and workforce engagement management software company, from KKR. The deal will provide Calabrio with new capital and Thoma Bravo's operational expertise to accelerate the company’s cloud-first growth, organic product investment and targeted inorganic expansion.