Thoma Bravo Acquires Ellie Mae for $3.7B

Intercontinental Exchange Acquires Ellie Mae from Thoma Bravo

August 6, 2020

Financial Services

Intercontinental Exchange (ICE) entered into and completed an agreement to acquire Ellie Mae, the cloud-based mortgage origination platform, from private equity firm Thoma Bravo for approximately $11 billion. The transaction (closed September 4, 2020) expands ICE's mortgage technology capabilities by integrating Ellie Mae's digital lending platform into ICE Mortgage Technology and combines origination, post-closing and registry solutions across the U.S. mortgage lifecycle.

Ellie Mae Acquires Capsilon

October 28, 2019

Cloud & SaaS

Ellie Mae has signed a definitive agreement to acquire Capsilon, a San Francisco–based provider of AI-powered mortgage automation software. The acquisition integrates Capsilon's document recognition, data extraction and autonomous underwriting capabilities into Ellie Mae's Encompass Digital Lending Platform to deliver an end-to-end cloud-based mortgage automation solution.

Thoma Bravo Acquires EQS Group AG

November 16, 2023

Cloud & SaaS

Thoma Bravo, via Pineapple German Bidco GmbH, completed a public takeover offer to acquire EQS Group AG for EUR 40.00 per share, valuing the company at approximately EUR 400 million and leading to an expected delisting. The investment will provide EQS with funding for product innovation, capability expansion in compliance/ESG software and capital for potential add-on M&A as Thoma Bravo builds the business as a pan‑European compliance and ESG software platform.

Thoma Bravo Acquires Instructure for Approximately $2.0 Billion

March 24, 2020

Cloud & SaaS

Thoma Bravo, a leading private equity firm focused on software, agreed to acquire Instructure in an all-cash transaction that values the company at roughly $2 billion, with Instructure stockholders receiving $47.60 per share. The take-private will allow Instructure to increase investment in product innovation, accelerate growth (including international expansion) and continue to operate under its existing management team.

Thoma Bravo Acquires Olo

September 9, 2025

Cloud & SaaS

Thoma Bravo has completed its all-cash acquisition of Olo Inc. for approximately $2.0 billion in equity value, with Olo shareholders receiving $10.25 per share. The deal takes Olo private, its common stock has been delisted from the NYSE, and Thoma Bravo said it will work with Olo’s leadership to scale the platform, expand capabilities, and accelerate product innovation for the restaurant industry.

Thoma Bravo Acquires Everbridge

March 1, 2024

Software

Thoma Bravo, a leading software-focused private equity firm, completed the acquisition of Everbridge, Inc., a global critical event management and public warning software provider, in an all-cash transaction valuing the company at approximately $1.8 billion ($35.00 per share). Everbridge will become privately held and its common stock has been delisted from Nasdaq; Thoma Bravo said it plans to invest in product innovation and accelerate Everbridge's growth.