Thoma Bravo's Apttus to rebrand as Conga after $715M acquisition of Salesforce-backed business. While the company had once discussed an IPO, by 2016 it began putting out feelers for buyers. Thoma Bravo, the Chicago-based private equity firm, has acquired a majority stake in AxiomSL, a cloud-based risk and reporting firm. The representative also didn't comment on whether the deal will add a significant debt load toCompuware,which often happens to the acquisition targets ofprivate-equity deals. Proofpoints Leaders Eligible For Thoma Bravo Buys Coupa. Barbarians At The Gate Of Qlik "thoma bravo" Reviews | Glassdoor But the three private equity firms we spoke to Vista Equity, Thoma Bravo and Scaleworks all wanted to see their acquisitions succeed, even if they each go about it differently. Shareholders will be paid $81 a share, representing a 77% premium to closing price. Thoma Bravo buys majority stake in risk and reporting firm AxiomSL The Houston-based firmBMCannounced Mondayit has a tentative deal to buy Compuware. Agile, Exaxe, InsPro and Cover-All. Detroit-based Compuware, once the largest tech company in Michigan, is being sold to a bigger, competingsoftware firm in Texas that is also owned by a private-equity firm. Compuware, a mainframe software services company,no longer discloses its employee head count, but between 500 and 1,000 employees are believed to work there now. The global Quote Management Software market size is projected to reach multi million by 2030, in comparision to 2021, at unexpected CAGR during 2023-2030 (Ask for Sample Report). By Cromwell Schubarth TechFlash Editor, Silicon Valley Thats after a 34% premium to Fridays closing price. Resource for IT Managed Services Providers. Vista Equity Partners made a $600 million offer and promised to keep building the company, something that corporate buyers wouldnt guarantee. Lost some good folk as part of restructuring and some parts of the biz now stretched, but margins are now great and the company has a really positive culture and is growing in the right places. Previously, BMC had been owned by two private-equity firms, Bain Capital and Golden Gate Capital, which bought the Houston company for $6.9 billion in 2013. A news release Monday said the Compuware purchase will "modernize the mainframe industry.". ESPN conducted its sixth round of layoffs in the past decade. About Thoma Bravo. Started in 1973, Compuware was closely associated with its cofounder, Karmanos, who relocated the company from Farmington Hills to downtown Detroit in 2003. Any signing bonus is not worth the hassle of dealing with these spreadsheet jockeys.
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