Thoma Bravo
Leading software-focused private equity firm with $181B+ AUM and 40+ year history, exclusively investing in software and technology companies with focus on categorical leadership.
• Chicago, USA • Est. 1980
Investment Requirements
Revenue (ARR)
Flexible
Deal Structure
All cash
Target Industries
B2B Software Tech Services
Geographic Focus
North America Europe
Company Overview
Thoma Bravo
What They Buy
- Target: Software and technology companies exclusively
- Size: $1B+ valuations (focus on large-scale acquisitions)
- Focus: Categorical leaders with potential for market consolidation
- Sectors: Cybersecurity, customer experience, HCM, fintech, healthtech, data & AI
- Structure: Cash acquisitions with management partnership
- Geography: Global reach with North America and Europe focus
Recent Major Acquisitions
- Dayforce: HCM platform ($12.3B, August 2025, largest PE deal of year)
- Darktrace: Cybersecurity platform ($5.3B, April 2024)
- Verint: Customer experience management (August 2025)
- OPEXUS: Government process management (January 2025)
- Casepoint: Data discovery technology (January 2025)
Track Record
- Founded: 1980s with 40+ year history in private equity
- Leadership: Software-focused for 20+ years
- Scale: $181B+ assets under management (June 2025)
- Portfolio: ~75 companies, ~555 total transactions
- Value: ~$285B representative transaction value
- Philosophy: Partner with management teams to build categorical leaders
Portfolio Companies
Dayforce
Human capital management platform ($12.3B acquisition, August 2025)
Darktrace
Cybersecurity company ($5.3B acquisition, April 2024)
Verint
Customer experience management platform (August 2025)
OPEXUS
Government process management software (January 2025)
Casepoint
Data discovery technology leader (January 2025)