Thoma Bravo Acquires PROS Holdings in $1.4 Billion All-Cash Deal

Conga Completes Acquisition of PROS B2B Business

February 2, 2026

Cloud & SaaS

Conga completed its acquisition of the B2B business of PROS Holdings, Inc. from certain investment funds affiliated with Thoma Bravo. The combination brings together Conga’s CPQ/CLM/document automation capabilities with PROS B2B to support end-to-end revenue orchestration from price to signature, while the PROS Travel business is excluded and remains a separate Thoma Bravo portfolio entity.

Thoma Bravo Acquires Proofpoint for Approximately $12.3 Billion

August 31, 2021

Cybersecurity

Thoma Bravo entered into a definitive agreement to acquire Proofpoint, a cybersecurity and compliance software company, in an all-cash transaction valued at approximately $12.3 billion. The acquisition was completed in 2021, with Proofpoint stockholders receiving $176.00 per share.

PROS Acquires EveryMundo

November 30, 2021

Cloud & SaaS

PROS Holdings, Inc. acquired EveryMundo, a Miami-based digital offer marketing SaaS provider, for $80 million in cash at closing plus approximately $10 million in contingent stock. The acquisition adds EveryMundo's offer-marketing capabilities to the PROS Platform to enable direct, personalized customer engagement and broaden PROS' digital omnichannel selling solutions.

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 Acquires Medallia for $6.4 Billion

October 29, 2021

Cloud & SaaS

Medallia shareholders approved the all-cash acquisition of Medallia by Thoma Bravo for $6.4 billion. Medallia shareholders will receive $34.00 per share, and the deal closed in November 2021, after which Medallia became privately held and delisted.

Thoma Bravo Acquires QAD for Approximately $2 Billion

November 5, 2021

Cloud & SaaS

Thoma Bravo entered into a definitive, all-cash agreement to acquire QAD, a cloud-based provider of manufacturing and supply chain solutions, for an equity value of approximately $2 billion (about $87.50 per share). The transaction was subsequently completed, with QAD becoming a private company and its Nasdaq stock delisted.