Thoma Bravo Acquires Proofpoint for Approximately $12.3 Billion

Proofpoint to Acquire Varonis for $6.3 Billion

October 15, 2026

Cybersecurity

Proofpoint, a Thoma Bravo portfolio company, agreed to acquire Varonis in an all-cash transaction valued at approximately $6.3 billion. The companies plan to combine Proofpoint’s human and agent cybersecurity capabilities with Varonis’ data and AI security platform; the deal is expected to close in the first half of 2027, subject to customary conditions.

Thoma Bravo Acquires Coupa Software

February 28, 2023

Cloud & SaaS

Thoma Bravo agreed to acquire Coupa Software in an all-cash transaction valued at approximately $8.0 billion. The deal also includes a significant minority investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The acquisition was later completed, with Coupa stockholders receiving $81.00 per share in cash.

Thoma Bravo Completes Acquisition of Ping Identity

October 18, 2022

Cybersecurity

Thoma Bravo completed its all-cash acquisition of Ping Identity in a transaction valued at approximately $2.8 billion ($28.50 per share). Ping Identity stock was delisted from the New York Stock Exchange after completion.

Thoma Bravo Acquires SailPoint Technologies for $6.9 Billion

August 16, 2022

Cybersecurity

Thoma Bravo completed its all-cash acquisition of SailPoint Technologies Holdings, Inc., valuing the company at approximately $6.9 billion. SailPoint stockholders received $65.25 per share, and SailPoint was taken private and delisted from the NYSE following closing.

Thoma Bravo Acquires Bottomline Technologies

May 13, 2022

Payments & Fintech

Thoma Bravo completed an all-cash acquisition of Bottomline Technologies for approximately $2.6 billion, taking the payments software company private. Thoma Bravo said it will leverage its capital and operating expertise to accelerate Bottomline’s product innovation and global growth while Bottomline appointed Craig Saks as CEO.

Thoma Bravo Takes Sophos Private

March 2, 2020

Cybersecurity

Thoma Bravo completed a take-private acquisition of Sophos for approximately $3.9 billion, valuing Sophos at $7.40 per share. The deal, approved by Sophos shareholders, delists Sophos from the London Stock Exchange and positions the company to accelerate product innovation and growth under private ownership.