Thoma Bravo Makes Strategic Growth Investment in Venafi

CyberArk Acquires Machine Identity Management Leader Venafi from Thoma Bravo

October 1, 2024

Cybersecurity

CyberArk has completed the acquisition of Venafi, a leader in machine identity management, from private equity firm Thoma Bravo for approximately $1.54 billion in cash and stock. The deal adds Venafi's certificate lifecycle management, PKI and workload identity capabilities (about $150M ARR and ~95% recurring revenue) to CyberArk's identity security platform to create an end-to-end machine identity security offering.

Thoma Bravo Makes Strategic Growth Investment in Intel 471

September 8, 2021

Cybersecurity

Thoma Bravo has signed a definitive agreement to make a strategic growth investment in Intel 471, a San Francisco–based provider of cyber threat intelligence. The company’s co-founders will remain in leadership and retain significant ownership; proceeds will be used to accelerate product development, broaden go-to-market efforts and support continued innovation.

Thoma Bravo Makes Strategic Growth Investment in Applitools

May 5, 2021

Software

Thoma Bravo has completed a strategic growth investment in Applitools, the provider of AI-enabled visual test automation software. The Applitools founding team will retain a significant ownership stake as the company partners with Thoma Bravo to accelerate product innovation and scale growth operations globally.

Thoma Bravo Makes Strategic Minority Investment in SDC Capital Partners

October 2, 2025

Infrastructure

Thoma Bravo has made a strategic minority investment in SDC Capital Partners, a global digital infrastructure investment firm focused on data centers, fiber, wireless and cloud-services infrastructure. The investment, funded from Thoma Bravo's balance sheet, is intended to support SDC's platform expansion as demand for AI, cloud computing and advanced technologies drives increased need for digital infrastructure.

Thoma Bravo Makes Strategic Growth Investment in UserZoom

April 6, 2022

Cloud & SaaS

Thoma Bravo has completed a strategic growth investment in UserZoom, valuing the UX insights platform at $800 million. The capital will be used to accelerate product innovation, expand UserZoom’s platform and geographic footprint, while founders, management and existing investor Sunstone Partners remain significant shareholders.

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.