, the company had completed over 565 software and technology transactions and oversaw a portfolio of over 77 software companies. In 2014, the company acquired
Riverbed Technology for $3.6 billion. Riverbed later filed for
Chapter 11 Bankruptcy in December 2021. In 2019, Thoma Bravo acquired ConnectWise, a complete business automation platform for managed service providers (MSPs) founded by technology entrepreneur
Arnie Bellini. After the purchase of
edtech company
Instructure in 2020, the purchase was accused of being "rushed" and "riddled by conflicts of interest" by a large shareholder at the time. In October 2021, Thoma Bravo took enterprise software company
Medallia private for $6.4 billion. In September 2021, Thoma Bravo completed the acquisition of
Stamps.com, an e-commerce shipping service provider, for approximately $6.6 billion in cash. In March 2022, Thoma Bravo acquired the enterprise
cloud software company
Anaplan for $10.7 billion (€9.6bn). The acquisition completed in June 2022 following Thoma Bravo cutting the takeover offer down to $10.4 billion after alleging that the company had violated the acquisition terms by overpaying new hires. In August 2022, the company agreed to buy
Nearmap, its first Australian acquisition, for (US$730 million). it has done over 300 software deals since 2003 and oversees a portfolio of over 40 software companies. In December 2022, the company outbid
Vista Equity Partners to announce its acquisition of
Coupa Software for $6.15 billion in cash, and a total enterprise value of $8 billion. In September 2023,
Arlington Capital Partners announced it had bought Exostar, a software company headquartered in
Herndon, Virginia, from Thoma Bravo for an undisclosed amount. In November 2023, the company acquired health-records software company
NextGen Healthcare for a total enterprise value of $1.8 billion. In March 2024, the company agreed to take
Everbridge, a provider of critical event management software, private for approximately $1.8billion. In December 2024, Thoma Bravo completed the acquisition of a majority stake in USU Product Business, an IT management solutions provider. It said it has invested as a new major shareholder and plans to invest additionally in the company to accelerate business growth and product innovation. In April 2025, Thoma Bravo agreed to purchase portions of
Boeing's Digital Aviation Solutions business from its
Boeing Global Services division, including its
Jeppesen,
ForeFlight, AerData and OzRunways assets for $10.55billion. In November that year, Boeing announced that it had closed the sale to Thoma Bravo in an all-cash transaction. In January 2026, the acquired companies laid off a reported 40% to 50% of their staff. In July 2025, the company announced its acquisition of the restaurant software provider
Olo in an all-cash deal valued at approximately $2 billion. The following month, Thoma Bravo agreed to take
human capital management software provider
Dayforce private in a $12.3 billion deal that also includes a significant minority investment from the
Abu Dhabi Investment Authority. Also that month, the company agreed to take
Verint Systems private in a $2 billion deal. Thoma Bravo intends its portfolio company Calabrio to partner with Verint on automating CX workflows with AI, once the acquisition is approved.
Security investments In 2018, Thoma Bravo took cloud-first security provider
Barracuda Networks private for $1.6 billion. In April 2022, it sold Barracuda to
KKR for about $4 billion. In January 2019, Thoma Bravo acquired
Imperva for $2.1 billion. In July 2023, it then sold the company to
Thales Group for $3.6billion. In March 2020, Thoma Bravo completed its $3.9 billion acquisition of
Sophos. On August 31, 2021, Thoma Bravo completed its $12.3 billion acquisition of
Proofpoint. In 2022, Thoma Bravo made a series of security related investments. In April, it announced the acquisition of identity security company SailPoint for $6.9 billion with financing from private lenders. In August, it agreed to buy
Ping Identity for $2.8 billion in an all-cash transaction. In October, it agreed to buy
ForgeRock for $2.3 billion. In April 2024, Thoma Bravo agreed to acquire
Darktrace, a UK-based cybersecurity company, in a private transaction valued at $5.3 billion.
Fintech investments In June 2021, Thoma Bravo invested $125 million into
FTX. Following the
collapse of FTX, in February 2023, Thoma Bravo,
Paradigm Operations and
Sequoia Capital were sued for allegedly making “materially false and misleading statements" while promoting FTX and "aided and abetted the misconduct that led to the collapse of the FTX Entities.” In 2024, Orlando Bravo stated that the firm would cease making further cryptocurrency investments due to the fallout. In July 2021, Thoma Bravo acquired clinical payment technology provider, Greenphire LLC. In May 2022, Thoma Bravo acquired Bottomline Technologies for $2.6 billion. In June 2023, Thoma Bravo agreed to divest
Adenza to
Nasdaq, Inc. for $10.5 billion in a cash-and-stock deal. As part of the deal, it would get a 15percent stake in Nasdaq. ==History==