Suvoda and Greenphire Merge; Thoma Bravo Leads Investment

Thoma Bravo Acquires Greenphire from The Riverside Company

May 26, 2021

Cloud & SaaS

Thoma Bravo has agreed to acquire Greenphire, a King of Prussia, Pennsylvania–based leader in financial lifecycle management software for clinical trials, from The Riverside Company in a strategic growth investment. The deal (expected to close in Q2 2021) will support Greenphire’s product innovation and global expansion; financial terms were not disclosed.

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.

Quorum Software (Thoma Bravo) Merges with Aucerna and Acquires TietoEVRY’s Oil & Gas Software Business

February 15, 2021

Energy

Thoma Bravo‑backed Quorum Software will merge with Aucerna and the newly combined company has acquired TietoEVRY’s Oil & Gas software business (including Energy Components and DaWinci). The transactions create a consolidated, cloud‑first global leader in energy software, expanding Quorum’s product portfolio and global footprint across upstream, midstream and downstream markets.

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.

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 Invests in Bluesight to Support Bluesight's Acquisition of Medacist

July 17, 2023

Healthcare Services

Thoma Bravo made a strategic growth investment in Bluesight to support Bluesight's acquisition of Medacist, combining two medication-management and drug-diversion analytics businesses into a single hospital pharmacy software platform. The combined company will expand Bluesight's medication intelligence capabilities and serve more than 2,000 hospitals across North America; committed financing was led by Monroe Capital and existing investor New Leaf Ventures remains invested. Financial terms were not disclosed.