Thoma Bravo
MediumFirm Overview
Thoma Bravo is a major American private equity and growth capital firm that specializes in the enterprise software and technology-enabled business services sectors.
Thoma Bravo is the successor to Golder Thoma & Co., a firm established in 1980 by Stanley Golder and Carl Thoma that is credited with pioneering the buy and build investment strategy. After various structural changes and predecessor firms including GTCR and Thoma Cressey Equity Partners, the firm was renamed Thoma Bravo in 2008 following the departure of Bryan Cressey. The firm is currently led by managing partners including Orlando Bravo and Carl Thoma.
The firm is one of the most active investors in the software industry, having completed over 565 software and technology transactions. It maintains a large portfolio of enterprise software companies across application, infrastructure, and cybersecurity sub-sectors. In recent years, Thoma Bravo has raised several of the largest tech-focused buyout funds in history, including a $24.3 billion fund closed in late 2022.
Historically based in Chicago, the firm moved its primary operations to Miami, Florida, at the end of 2020. While primarily focused on North American software buyouts, the firm has expanded its reach with its first dedicated Europe fund and acquisitions in geographies such as Australia. Beyond equity, the firm also operates a private credit platform launched in 2017 to provide financing to technology companies.
Leadership
Notable Investments
Historical and current deals referenced in public sources.
Portfolio Companies
| Company | Sector | Status | Website |
|---|---|---|---|
| ABC Fitness Solutions | Fitness | Current | — |
| Aisera | — | Current | — |
| Alation | — | Current | — |
| Alma | — | Current | — |
| Anaplan | — | Current | — |
| Applitools | — | Current | — |
| AppOmni | — | Current | — |
| Apryse | — | Current | — |
| Auctane | — | Current | — |
| Auros | — | Current | Visit ↗ |
| Azul | — | Current | — |
| BlueMatrix | — | Current | — |
| Bluesight | — | Current | — |
| Bottomline | Digital B2B Payments | Current | — |
| Casepoint | — | Current | — |
| Circle Cardiovascular Imaging | — | Current | — |
| Command Alkon | — | Current | — |
| CompTIA | — | Current | — |
| Conga | — | Current | — |
| ConnectWise | — | Current | — |
| Continuous | — | Current | — |
| Cority | — | Current | — |
| Coupa | — | Current | — |
| Darktrace | — | Current | — |
| Dayforce | — | Current | — |
| Delinea | — | Current | — |
| Eptura | — | Current | — |
| EQS | — | Current | Visit ↗ |
| EQS Group | GRC and Compliance | Current | — |
| Everbridge | — | Current | — |
| Exabeam | — | Current | — |
| Falcon X | — | Current | — |
| Figment | — | Current | — |
| Flexera | — | Current | — |
| Foundation | — | Current | Visit ↗ |
| Foundation Software | Construction Industry | Current | — |
| FTX | — | Current | — |
| HCSS | Construction Software | Current | — |
| HubSync | — | Current | — |
| Hyland | — | Current | — |
| Hypergene | — | Current | — |
| illumio | — | Current | — |
| Imply | — | Current | — |
| Imprivata | — | Current | — |
| Intel 471 | — | Current | — |
| J.D. Power | — | Current | — |
| JD Power | — | Current | — |
| Jeppesen ForeFlight | — | Current | — |
| Kneat | — | Current | Visit ↗ |
| Logex | — | Current | — |
| Magnet Forensics | — | Current | — |
| Majesco | — | Current | — |
| Medallia | — | Current | — |
| Mercell | — | Current | — |
| Motus | — | Current | — |
| N-able | — | Current | — |
| Nearmap | — | Current | — |
| NextGen | — | Current | — |
| Nintex | — | Current | — |
| Olo | — | Current | — |
| padoa | — | Current | Visit ↗ |
| PCMI | — | Current | — |
| Pendo | — | Current | — |
| Personetics | — | Current | — |
| Ping | — | Current | — |
| Ping Identity | — | Current | Visit ↗ |
| Planview | — | Current | — |
| project44 | — | Current | — |
| Proofpoint | — | Current | — |
| PROS | — | Current | — |
| QAD | — | Current | — |
| Qlik | — | Current | — |
| RealPage | — | Current | — |
| Riskonnect | — | Current | — |
| SailPoint | — | Current | — |
| ServiceTitan | — | Current | — |
| ShipStation Global | — | Current | Visit ↗ |
| Solifi | — | Current | — |
| Sophos | — | Current | — |
| Starburst | — | Current | — |
| Suvoda | — | Current | — |
| Trading Technologies | — | Current | — |
| TRM Labs | — | Current | — |
| UserTesting | — | Current | — |
| USU | — | Current | — |
| Verint | — | Current | — |
| Vivian | — | Current | — |
Portfolio Web Readiness
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Sources
- Wikipedia Wikipedia/Wikidata · public reference
- Firm website Firm website · primary public source
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