Showing posts with label Thoma Bravo. Show all posts
Showing posts with label Thoma Bravo. Show all posts

Tuesday, November 6, 2018

Broadcom sells its Veracode business for $950 million

Thoma Bravo, a leading private equity investment firm, will acquire Veracode, the leading provider in next-generation application security testing (AST), from Broadcom for $950 million in cash.

Veracode's SaaS platform and integrated solutions help security teams and software developers find and fix security-related defects at all points in the software development lifecycle. Veracode serves more than 2,000 customers across a wide range of industries, including nearly one-third of the Fortune 100, and more than 20 of Forbes' 100 Most Valuable Brands.

"Software security is one of the most consequential issues facing companies as they look to compete in the digital economy. We are proud that our SaaS security platform combines multiple application security testing solutions, helping our customers around the world secure the software powering their companies and enabling them to focus on their core business objectives," said Sam King, current Senior Vice President and General Manager of Veracode, who will become the CEO of Veracode following the close of the transaction. "Partnering with Thoma Bravo, a proven security software investor, is expected to extend our market reach and further fuel our innovation so that we can offer the broadest software security platform and empower us to accelerate growth — all to allow us to transform the way companies achieve their software security goals."

Thoma Bravo noted its extensive experience investing in the cybersecurity software sector. It has completed more than 30 total acquisitions of enterprise security companies to date, including SailPoint (NASDAQ: SAIL), Barracuda Networks, LogRhythm, Bomgar, BlueCoat Systems, SonicWall and Entrust.

Sunday, August 30, 2015

Thoma Bravo to Acquire Majority Stake in DigiCert

Thoma Bravo, a leading private equity investment firm, agreed to acquire a majority interest in DigiCert from TA Associates, another private equity firm currently holding the majority share. Financial terms were not disclosed.

DigiCert is a global SSL Certificate Authority (CA) and the leading provider of trusted certificate management solutions.  The company provides its digital certificates to over 115,000 customers in more than 180 countries, and is one of the few CAs dedicated solely to advancing PKI-based solutions for enterprises and networked devices.  DigiCert is based in Lehi, Utah.

“DigiCert represents an outstanding investment opportunity to back a market leader with a tremendous management team in a sector we know well,” said Seth Boro, managing partner at Thoma Bravo. “SSL and certificate management technology play a critical part in securing the digital economy, and DigiCert has been a market leader in the space, known for its consistent innovation and first-rate customer service.”

http://digicert.com

Thoma Bravo Completes Acquisition of Riverbed

Thoma Bravo, a leading private equity investment firm, and Teachers’ Private Capital, the private investor department of Ontario Teachers’ Pension Plan, completed their previously announced acquisition of Riverbed Technology. The acquisition is valued at approximately $3.5 billion, with Riverbed stockholders receiving $21.00 per share in cash.

“With this acquisition now complete, our team can begin to move forward with the strategic initiatives that will take us to the next stage of growth,” said Jerry M. Kennelly, chairman and CEO of Riverbed. “As a private company, Riverbed is better positioned to pursue our long term goals, and has greater flexibility to develop best-of breed technologies that deliver superior application performance for our customers. This flexibility, alongside Thoma Bravo’s deep experience growing companies in the application performance space, makes us very excited about the future.”

http://www.riverbed.com

Monday, December 15, 2014

Riverbed Enters $3.6 Billion Privatization Deal with Thoma Bravo

Riverbed Technology (RVBD) announced a privatization deal with Thoma Bravo, LLC and Teachers’ Private Capital, the private investor department of Ontario Teachers’ Pension Plan. Riverbed stockholders will receive $21.00 per share in cash, or a total of approximately $3.6 billion. Riverbed CEO Jerry Kennelly will remain with the company as CEO.

“We are extremely pleased with this transaction, which we believe will be a winning proposition for all of our stakeholders,” said Jerry M. Kennelly, chairman and CEO of Riverbed. “Having undertaken a thorough strategic review, during which we assessed a wide variety of options to maximize value, the Board unanimously concluded that partnering with Thoma Bravo was the best choice for Riverbed, as this transaction will provide our stockholders with significant and immediate cash value.

The private equity deal is the largest for the firm of Thoma Bravo to date.

http://ir.riverbed.com/phoenix.zhtml?c=198235&p=irol-newsArticle&ID=1999462


  • Previous networking investments by Thoma Bravo have included: Blue Coat Systems, Empirix, InfoVista, Keynote Systems, Sailpoint Technologies, and others.

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