Thoma Bravo acquires a majority stake in Flexera in Chicago Tech Information for the second time

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We checked out Flexera earlier this yr when the Chicago-based firm acquired software program utilization analytics startup Revulytics to develop its software program monetization platform and provides firms extra perception into how their merchandise are literally getting used.

Now the desk appears to be rotating in the other way. Flexera introduced at present that it has agreed to promote a majority stake in Thoma Bravo, a non-public fairness agency targeted on software program and technology-based providers. The phrases and quantities of the deal weren’t disclosed.

What we did not know on the time was that Thoma Bravo beforehand owned Flexera. That is the second time Thoma Bravo owns Flexera. Thoma Bravo had already acquired a majority stake within the firm in 2008 when Flexera was spun off from the then mother or father firm Macrovision.

“We all know Jim and his management crew very nicely,” mentioned Seth Boro, Managing Associate of Thoma Bravo, “and we assist Flexera’s formidable imaginative and prescient. The corporate’s administration crew has achieved rather a lot over the previous 12 years. “Jim and his crew have positioned Flexera for sustainable development by specializing in the strategic challenges going through firms with complicated IT infrastructures,” continued Boro. “Flexera One is the primary resolution that allows IT managers to seamlessly view and handle their belongings in on-premises, SaaS and cloud environments.

Below the phrases of the acquisition settlement, Flexera’s current shareholders, TA Associates, and the Ontario Lecturers ‘Pension Plan Board (Ontario Lecturers’) will proceed to have vital stakes within the enterprise.

Thoma Bravo has helped construct among the world’s main firms in software program functions, infrastructure and cybersecurity. Flexera is the biggest native know-how firm within the Chicago space with greater than 1,300 staff and workplaces on 4 continents. The corporate was named Inc. journal’s 2020 record of Finest Workplaces and named a High Office by the Chicago Tribune for 9 consecutive years.

“Now we have had a productive partnership with Flexera for the previous 9 years. Throughout that point, the corporate has grown to grow to be a pacesetter in its key segments whereas experiencing regular development in recurring income and profitability,” mentioned Karen Frank, senior managing director for shares at Ontario Lecturers’. “We stay up for working with the corporate administration and our collaboration

Based in 2008, Flexera Software program helps software builders and companies improve software utilization and the worth they get from their software program. The Flexera division gives IT administration options that allow firms to maximise the enterprise worth of their know-how investments. Flexera’s Revenera division produces industry-leading options that allow know-how firms to create higher merchandise, cut back time to worth, and monetize what issues. Headquartered in suburban Chicago, the 1,300+ staff at Flexera are enthusiastic about serving category-leading clients world wide.


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