Thoma Bravo Acquires Coupa Software

Thoma Bravo Completes Acquisition of QAD

November 5, 2021

Cloud & SaaS

Thoma Bravo has completed its previously announced acquisition of QAD Inc. for approximately $2.0 billion in cash, taking QAD private and delisting its common stock from Nasdaq. Thoma Bravo said it will invest in QAD's continued growth to expand the company's cloud-based manufacturing and supply chain software offerings.

Thoma Bravo Sells Significant Minority Stake in Qlik to ADIA

November 11, 2024

Data & Analytics

Thoma Bravo has signed an agreement to sell a significant minority stake in Qlik to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), with Thoma Bravo remaining the majority shareholder and making a new equity investment. A consortium of other investors is expected to participate alongside ADIA and Thoma Bravo; the deal is subject to regulatory approvals and is expected to close in Q1 2025.

Thoma Bravo Acquires Anaplan

June 22, 2022

Cloud & SaaS

Thoma Bravo, a leading private equity firm, completed an all-cash acquisition of Anaplan, Inc. for approximately $10.4 billion ($63.75 per share), taking the cloud-native planning software company private. As part of the transaction Anaplan CEO Frank Calderoni stepped down and Charles Goodman was appointed interim CEO; Thoma Bravo said it will invest to accelerate Anaplan's growth and product strategy.

Thoma Bravo Acquires Medallia for $6.4B

October 29, 2021

Cloud & SaaS

Thoma Bravo completed its all-cash acquisition of Medallia, a San Francisco–based leader in customer and employee experience software, in a transaction valued at approximately $6.4 billion. Medallia shareholders received $34.00 per share; Thoma Bravo said it will leverage its software operating expertise and the company’s SaaS and AI capabilities to expand Medallia’s customer reach and accelerate product innovation.

Thoma Bravo Completes Acquisition of Proofpoint, Inc.

August 31, 2021

Cybersecurity

Thoma Bravo, a leading software-focused private equity firm, completed the acquisition of Proofpoint, Inc. for approximately $12.3 billion in cash. Proofpoint stockholders received $176.00 per share and Proofpoint will operate as a private company under Thoma Bravo to accelerate product innovation and growth in people-centric cybersecurity.

Thoma Bravo Acquires Majority Interest in Apttus

September 4, 2018

Software

Thoma Bravo signed a definitive agreement to acquire a majority interest in Apttus, a San Mateo–based provider of Quote-to-Cash, Contract Lifecycle Management and Middle Office software. The deal (expected to close in early October 2018) will pair Apttus’ enterprise revenue-management platform with Thoma Bravo’s software operating experience to accelerate growth and scale; financial and legal advisors and financing partners were disclosed but financial terms were not.