Thoma Bravo and Madison Dearborn Partners Complete Investments in Syntellis Performance Solutions

Madison Dearborn Partners Takes Significant Ownership Position in NextGen Healthcare

May 2, 2025

Healthcare Services

Madison Dearborn Partners (MDP) has signed an agreement and later completed an acquisition of a significant ownership position in NextGen Healthcare. Thoma Bravo retains a significant stake, and both firms will partner with NextGen Healthcare’s management to accelerate growth, including higher annual R&D investment and expansion of AI-driven capabilities.

Madison Dearborn Partners Acquires T2S Solutions

November 29, 2023

Aerospace & Defense

Funds affiliated with Madison Dearborn Partners have acquired T2S Solutions, a founder-owned provider of R&D, prototyping, engineering, integration, and technology products serving the U.S. Department of Defense, the Intelligence Community, and other U.S. government agencies. The T2S founders will retain a significant minority stake and continue to lead the company as MDP provides capital and industry expertise to accelerate R&D, bring products to lead production, and expand mission-focused capabilities.

Roper Technologies Acquires Syntellis Performance Solutions

August 8, 2023

Cloud & SaaS

Roper Technologies completed the acquisition of Syntellis Performance Solutions in an all-cash transaction for a net purchase price of $1.25 billion (enterprise value reported at $1.4 billion by sellers). Syntellis, a cloud-based enterprise performance management (EPM) software and data provider serving healthcare, higher education and financial institutions, will be combined with Roper's Strata Decision Technology business to expand product capabilities and market coverage.

Thoma Bravo Acquires Mercell Holding ASA

August 16, 2022

Cloud & SaaS

Thoma Bravo, through its acquisition vehicle Spring Bidco (Norway) AS, completed the acquisition of Mercell Holding ASA, a Norway-based provider of e-tendering and procurement SaaS platforms. The transaction (completed August 16, 2022) takes Mercell private to support product development, strategic acquisitions and further geographic growth across Europe and beyond.

Syntellis Performance Solutions Acquires Stratasan

August 1, 2022

Healthcare Services

Syntellis Performance Solutions completed its acquisition of Stratasan, an advanced healthcare market intelligence and data analytics provider. Syntellis said the deal adds Stratasan’s strategic growth capabilities to its intelligent planning and performance software suite to help healthcare organizations grow profitably and improve outcomes.

Thoma Bravo Acquires Calypso Technology from Bridgepoint and Summit Partners

March 22, 2021

Software

Thoma Bravo has agreed to acquire Calypso Technology from private equity owners Bridgepoint and Summit Partners; the transaction is expected to close in Q2 2021 subject to regulatory approvals and financial terms were not disclosed. Calypso, a San Francisco–based provider of cloud-enabled, front-to-back capital markets software and managed services, will partner with Thoma Bravo to accelerate product innovation, cloud adoption and growth through organic investment and M&A.