Thoma Bravo Acquires PROS Holdings, Inc.
December 9, 2025
Thoma Bravo completed an all-cash acquisition of PROS Holdings, Inc. valuing the company at approximately $1.4 billion, with PROS shareholders receiving $23.25 per share. Thoma Bravo will operate PROS' travel business as a new platform, "PROS Travel," while PROS' B2B business is expected to be combined with Thoma Bravo portfolio company Conga (expected to close in Q1 2026).
- Buyers
- Thoma Bravo, Conga
- Targets
- PROS Holdings, Inc.
- Sellers
- PROS shareholders
- Platforms
- PROS Travel, Conga
- Industry
- Cloud & SaaS
- Location
- Texas, United States
- Transaction Type
- Buyout
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