The global private equity firm Thoma Bravo, LLC, announced that they have completed the acquisition of Instructure in an all-cash transaction of approximately $2 billion. Instructure is a leading educational technology company. Instructure is the developer and publisher of Canvas, a Web-based learning management system.
Thoma Bravo with acquisition of Instructure is strengthening its position as one of the leading educational technology providers in the world. Through its Canvas and Bridge platforms, Instructure helps educate over 30 million users by providing innovative learning management solutions that help serve the needs of educators, students and businesses.
The prominent acquisitions by Thoma Bravo are mentioned below:
March 2020: BMC, a global leader in IT solutions for the digital enterprise and a KKR portfolio company announced the signing of a definitive agreement to purchase Compuware, a Thoma Bravo company and a leading provider of mainframe application development, delivery, and support solutions.
February 2020: Thoma Bravo’s portfolio company Quorum Software, the leader in digital transformation for the oil and gas industry, has announced that it has acquired Denver-based EnergyIQ, a leading provider of well master data management software applications.
December 2019: Thoma Bravo’s subsidiary J.D. Power, a global leader in data analytics and consumer intelligence, announced the acquisition of Trilogy Automotive, the automotive software division of Trilogy Enterprises. Trilogy’s SaaS-based enterprise lead management platform will be integrated into J.D. Power’s Autodata Solutions division’s original equipment manufacturer (OEM) digital dealer platform.
About Thoma Bravo
Thoma Bravo, LLC, headquartered in Chicago, United States, is a global private equity firm focused on the software and technology-enabled services sectors. The company has approximately 33,500 employees across the world. Thoma Bravo’s portfolio companies include industry leaders such as ABC Financial, Quorum Software, Blue Coat Systems, Deltek, Digital Insight, Global Healthcare Exchange, Riverbed, Hyland Software, Imprivata, iPipeline, PowerPlan, Qlik, SolarWinds, SonicWall, Sparta Systems, TravelClick, SailPoint, and Veracode.