Thoma Bravo and Madison Dearborn Partners Complete Investments in Syntellis Performance Solutions

Roper Technologies Acquires Syntellis Performance Solutions

August 8, 2023

Cloud & SaaS

Roper Technologies completed the acquisition of Syntellis Performance Solutions in an all-cash transaction for a net purchase price of $1.25 billion (enterprise value reported at $1.4 billion by sellers). Syntellis, a cloud-based enterprise performance management (EPM) software and data provider serving healthcare, higher education and financial institutions, will be combined with Roper's Strata Decision Technology business to expand product capabilities and market coverage.

Syntellis Performance Solutions Acquires Stratasan

August 1, 2022

Data & Analytics

Syntellis Performance Solutions has completed its acquisition of Stratasan, a provider of advanced healthcare market intelligence and data analytics. The deal adds Stratasan's strategic growth and market-intelligence capabilities to Syntellis' enterprise performance management software and data solutions, strengthening Syntellis' ability to deliver integrated operational, financial and strategic planning tools for healthcare organizations.

Madison Dearborn Partners Acquires T2S Solutions

November 29, 2023

Aerospace & Defense

Funds affiliated with Madison Dearborn Partners have acquired T2S Solutions, a founder-owned provider of R&D, prototyping, engineering, integration, and technology products serving the U.S. Department of Defense, the Intelligence Community, and other U.S. government agencies. The T2S founders will retain a significant minority stake and continue to lead the company as MDP provides capital and industry expertise to accelerate R&D, bring products to lead production, and expand mission-focused capabilities.

Thoma Bravo Acquires Mercell Holding ASA

August 16, 2022

Cloud & SaaS

Thoma Bravo, through its acquisition vehicle Spring Bidco (Norway) AS, completed the acquisition of Mercell Holding ASA, a Norway-based provider of e-tendering and procurement SaaS platforms. The transaction (completed August 16, 2022) takes Mercell private to support product development, strategic acquisitions and further geographic growth across Europe and beyond.

Thoma Bravo Acquires Calypso Technology from Bridgepoint and Summit Partners

March 22, 2021

Software

Thoma Bravo has agreed to acquire Calypso Technology from private equity owners Bridgepoint and Summit Partners; the transaction is expected to close in Q2 2021 subject to regulatory approvals and financial terms were not disclosed. Calypso, a San Francisco–based provider of cloud-enabled, front-to-back capital markets software and managed services, will partner with Thoma Bravo to accelerate product innovation, cloud adoption and growth through organic investment and M&A.

Thoma Bravo Acquires Majority Stake in Flexera

December 3, 2020

Software

Thoma Bravo has agreed to acquire a majority interest in Flexera, a Chicago-area software company that provides IT asset management and software monetization solutions. Existing investors TA Associates and the Ontario Teachers' Pension Plan will remain meaningful shareholders as Thoma Bravo partners with management to accelerate growth and expand Flexera's SaaS offerings such as Flexera One.