Thoma Bravo Acquisition Expands Portfolio with Ellie Mae and Apttus

Thoma Bravo, a leading private equity firm, made two significant acquisitions in recent years, expanding its portfolio with Ellie Mae and Apttus.

Ellie Mae is a leading provider of cloud-based software solutions for the mortgage industry.

Thoma Bravo's acquisition of Ellie Mae in 2019 was a strategic move to expand its presence in the fintech sector.

The acquisition of Ellie Mae marked a significant milestone for Thoma Bravo, with the company's software solutions serving over 80% of the US mortgage market.

Thoma Bravo's acquisition of Apttus in 2019 also expanded its portfolio in the enterprise software space.

Apttus is a provider of configure-price-quote (CPQ) and contract management software solutions for businesses.

By acquiring Apttus, Thoma Bravo gained access to a new market segment and expanded its capabilities in the enterprise software space.

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Thoma Bravo acquired SolarWinds in 2016, a move that marked a significant shift in the company's focus towards enterprise software.

Thoma Bravo's acquisition of SolarWinds was a strategic move to expand its portfolio in the IT management software space.

Thoma Bravo's investment in SolarWinds was a $3.4 billion deal that made it one of the largest private equity investments in the company's history.

Thoma Bravo's acquisition of SolarWinds was a key factor in the company's growth, with SolarWinds' revenue increasing by 50% in the first year after the acquisition.

Thoma Bravo's expertise in IT management software helped SolarWinds expand its product offerings and improve its market position.

Thoma Bravo's acquisition of SolarWinds was a significant move in the private equity space, demonstrating the firm's ability to identify and capitalize on opportunities in the IT management software market.

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Thoma Bravo has a long history of making strategic investments in the software industry. As of 2020, the company oversaw a portfolio of over 70 software companies.

The company has completed over 440 software deals as of July 2023. Thoma Bravo began investing in the enterprise software sector in 2002 with the acquisition of Prophet 21.

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In 2014, Thoma Bravo acquired Riverbed Technology for $3.6 billion. Riverbed later filed for Chapter 11 Bankruptcy in December 2021.

Thoma Bravo has made significant investments in the software industry, including the acquisition of Medallia in October 2021 for $6.4 billion. The company also acquired Stamps.com in September 2021 for approximately $6.6 billion in cash.

Here are some of Thoma Bravo's notable software investments:

Thoma Bravo has also made significant investments in the security industry, including the acquisition of Barracuda Networks in 2018 for $1.6 billion.

Thoma Bravo has made several strategic acquisitions over the years. One notable example is the acquisition of Blue Coat Systems in 2015 for $2.4 billion.

This acquisition marked a significant expansion of Thoma Bravo's portfolio in the security technology space. Blue Coat Systems was a leading provider of web security and cloud security solutions.

Thoma Bravo has also acquired a number of other companies, including Qlik, a business intelligence and analytics software company, and SailPoint, an identity and access management software company.

Ellie Mae is a leading provider of technology solutions and services for the mortgage finance industry.

Founded in 1997, Ellie Mae was acquired by Intercontinental Exchange (ICE) in 2019 for $11 billion.

Ellie Mae's flagship product, Encompass, is a comprehensive mortgage management software that streamlines the loan origination process.

Encompass helps lenders manage the entire loan process, from application to closing, and provides tools for loan origination, processing, and closing.

The acquisition of Ellie Mae by ICE has expanded the company's offerings in the mortgage and financial services space.

Apttus is a company that has been acquired by Thoma Bravo UK Advisers LLP.

Thoma Bravo UK Advisers LLP is a UK-based investment firm that has acquired a majority interest in Apttus.

The firm, Thoma Bravo UK Advisers LLP, is authorised and regulated by the Financial Conduct Authority with Firm Reference Number 1016286.