Medallia, Inc. announced that it has entered into a definitive agreement to be acquired by Thoma Bravo in approximately $6.4 billion deal. Medallia is the pioneer and market leader in customer, employee, citizen and patient experience.
- After this transaction, Medallia will become a private company with additional resources and greater flexibility to build on its innovation leadership and expand its customer impact.
- The transaction will allow Medallia to benefit from the operating capabilities, capital support and deep sector expertise of Thoma Bravo one of the most experienced and successful software investors in the world.
- Medallia uses proprietary artificial intelligence and machine learning technology to automatically reveal predictive insights that drive powerful business actions and outcomes.
The prominent acquisitions by Thoma Bravo are mentioned below:
July 2021: The leading e-commerce shipping solution provider Stamps.com has entered into a definitive agreement to be acquired by Thoma Bravo in approximately $6.6 billion deal. Stamps.com provides e-commerce shipping software solutions to customers including consumers, small businesses, e-commerce shippers, enterprises, and high volume shippers.
Jan 2021: TPG a global alternative asset firm announced that its private equity platform TPG Capital agreed to acquire a majority stake in Centrify from Thoma Bravo. Centrify is a leading provider of modern privileged access management (PAM) solutions.
Aug 2020: The leading global exchanges and clearing house firm Intercontinental Exchange has signed agreement to acquire Ellie Mae for $11 billion. Ellie Mae, a portfolio company of Thoma Bravo. Ellie Mae is a leading cloud-based platform provider for the mortgage finance industry.
July 2020: Coud insurance software solutions provider Majesco has signed a definitive agreement to be acquired by a leading private equity firm Thoma Bravo, L.P. for approximately $594 million. Majesco provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business.
June 2020: The leading private equity firm Thoma Bravo, signed an agreement to acquire Exostar, a leader in trusted, secure business collaboration for aerospace and defense, life sciences and healthcare industries.
March 2020: 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.
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 Bravos 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 Bravos 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. Trilogys SaaS-based enterprise lead management platform will be integrated into J.D. Powers Autodata Solutions divisions 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 Bravos 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.