Thoma Bravo Acquires HCSS

HCSS Acquires Dispatcher-Pro (Dispatcher)

June 3, 2025

Software

HCSS, the Sugar Land, Texas-based construction management software provider, has acquired Paris-based Dispatcher-Pro (known as Dispatcher) to integrate its cloud-native resource and workforce management capabilities into the HCSS platform. The acquisition strengthens HCSS's scheduling, equipment and labor planning functionality and expands its product capabilities for heavy civil and infrastructure contractors.

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.

Thoma Bravo Acquires Foundation Software

August 4, 2020

Software

Thoma Bravo has completed a strategic growth investment to acquire Foundation Software, a provider of construction accounting software and payroll services for small- to mid-sized specialty contractors. Founder & CEO Fred Ode will retain a minority ownership stake, and the transaction was financed by funds managed by affiliates of The Private Credit Group of Goldman Sachs Asset Management, BlackRock US Private Credit and Interbank.

Thoma Bravo Acquires EQS Group AG

November 16, 2023

Cloud & SaaS

Thoma Bravo, via Pineapple German Bidco GmbH, completed a public takeover offer to acquire EQS Group AG for EUR 40.00 per share, valuing the company at approximately EUR 400 million and leading to an expected delisting. The investment will provide EQS with funding for product innovation, capability expansion in compliance/ESG software and capital for potential add-on M&A as Thoma Bravo builds the business as a pan‑European compliance and ESG software platform.

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.

Thoma Bravo Acquires Majority Ownership of IDS

October 8, 2019

Software

Thoma Bravo, a software-focused private equity firm, has acquired majority ownership in IDS, a Minneapolis-based provider of asset finance software including InfoLease and IDScloud, from SV Investment Partners. The partnership will accelerate IDS' cloud roadmap, support global growth and position IDS as a platform for industry consolidation.