Thoma Bravo Backs Merger of OPEXUS and Casepoint

Casepoint + OPEXUS Acquires mLINQS

July 18, 2025

Cloud & SaaS

Casepoint + OPEXUS, the combined regulatory and compliance software business backed by Thoma Bravo, has acquired mLINQS, a FedRAMP- and DoD IL4-authorized relocation expense management software vendor. The deal expands Casepoint + OPEXUS’s government-focused workflow portfolio by adding workforce mobility and relocation expense management capabilities for federal and commercial clients; financial terms were not disclosed.

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 Exostar

June 2, 2020

Cybersecurity

Thoma Bravo has completed a strategic growth investment to acquire Exostar, a provider of secure, cloud-based collaboration and identity access management solutions serving highly regulated industries. The investment will support Exostar's product and cybersecurity capability expansion and help accelerate growth across aerospace & defense, life sciences and healthcare markets.

Arlington Capital Partners Acquires Exostar from Thoma Bravo

November 20, 2023

Cloud & SaaS

Arlington Capital Partners has completed its acquisition of Exostar, a cloud-based secure business collaboration platform, from Thoma Bravo. Arlington said it will leverage its domain expertise in regulated industries to accelerate Exostar's product development and growth across aerospace & defense, healthcare and financial services.

Thoma Bravo Acquires Majority Stake in USU Product Business

October 1, 2024

Software

Thoma Bravo has acquired a majority stake in USU Product Business, investing alongside USU Software AG to accelerate product innovation and growth. USU Product — led by CEO Benjamin Strehl and employing over 600 people — will operate as an independent entity focused on IT Service Management, IT Asset Management, IT Operations Management and Knowledge Management; debt financing was provided by funds advised by Morgan Stanley Private Credit, clients of Guggenheim Investments, and HSBC Innovation Banking UK.

Bain & Company Acquires OPEXEngine

September 15, 2021

Cloud & SaaS

Bain & Company has acquired OPEXEngine, a cloud-based SaaS benchmarking platform that provides operational and financial benchmarks for software companies and investors. OPEXEngine will operate as a separate business within Bain, bolstering Bain’s proprietary data and benchmarking capabilities to support software, technology and private equity clients.