thoma bravo
Thoma Bravo’s LogRhythm merges with Exabeam in more cybersecurity consolidation
Private equity giant Thoma Bravo has announced that its security information and event management (SIEM) company LogRhythm will be merging with Exabeam, a rival cybersecurity company backed by the likes…
Thoma Bravo to take UK cybersecurity company Darktrace private in $5B deal
Darktrace is set to go private in a deal that values the U.K.-based cybersecurity giant at around $5 billion.
Thoma Bravo takes critical event management software company Everbridge private in $1.8B deal
Everbridge, a critical event management (CEM) software company, is going private in a $1.8 billion all-cash deal that will see it taken over by private equity giant Thoma Bravo —…
Security giant Proofpoint is laying off 280 employees, about 6% of its workforce
Proofpoint is laying off about 6% of its global workforce, or 280 employees, the company confirmed to TechCrunch. “This decision was not taken lightly, and it is deeply rooted in…
Thoma Bravo is paying a fat premium to take EQS private ahead of what it anticipates to be a lucrative time for the company’s market segment.
Featured Article
A year into private ownership, SailPoint cracks the $600M ARR threshold
The final earnings report that SailPoint disclosed before it was taken private detailed its Q2 2022 results, including revenue of $134.3M.
Thales enters app security market with $3.6B Imperva acquisition
French aerospace and defense group Thales is procuring cybersecurity company Imperva from Thoma Bravo in a deal worth $3.6 billion. The news comes four years after private equity giant Thoma…
If Sequoia, Paradigm and Thoma Bravo settle a new lawsuit, it could upend VC; here’s why
It was only a matter of time before frustrated customers of the fallen crypto exchange FTX went after its deep-pocketed venture backers. Indeed, the most surprising thing about a class-action…
Thoma Bravo agrees to acquire digital forensics firm Magnet Forensics for over $1B
Thoma Bravo, the private equity and growth capital firm, today announced that it would spend $1.8 billion CAD (~$1.34 billion) to acquire Magnet Forensics, a Waterloo-based company making software used…
Thoma Bravo snags Coupa for $8B despite activist pressure to hold off for higher price
When news surfaced last week that activist investors were taking the unusual step of pressuring Coupa Software to not sell for less than $95 a share, it got our attention.…
Thoma Bravo adds record $32B in new capital to fuel buyout funds
There has been widespread speculation that investors are sitting on substantial amounts of money for investing in startups and for acquisitions, depending on the firm’s goals. Today, private equity firm…
The UserTesting sale to private equity is bad news for unicorns
The lessons of UserTesting’s sale to private equity are pretty simple and not great for yet-private unicorns.
Thoma Bravo, Sunstone Partners to acquire UserTesting for $1.3B and combine it with UserZoom
Thoma Bravo and Sunstone Partners announced today that they’re acquiring customer insight platform UserTesting for $1.3 billion in an all-cash deal. The acquirers say they plan to combine it with…
Thoma Bravo buys third identity company this year with $2.3B ForgeRock acquisition
Thoma Bravo knows what it likes, and apparently it likes identity access management — a lot. Today the firm announced its intention to acquire ForgeRock for $2.3 billion, the third…
Stockholm’s EQT Growth closes $2.2B to fund scaling European startups like Vinted, Mambu and Epidemic Sound
The days of European startups relocating to the U.S. if they want to grow (and raise money to do so) have been receding in the rearview mirror for a while…
Key issues you should consider before signing an international merger deal
By understanding the key issues in cross-border tech M&A, an international acquirer can close a successful transaction and achieve its commercial objectives in the United States.
Ping Identity CEO discusses his company’s long, strange startup trip
Ping Identity CEO Andre Durand sees another opportunity to continue growing the company under private equity ownership.
Featured Article
What does $2.8B buy you in today’s market?
The premium Thoma Bravo paid for Ping may look steep, but there is some logic to it.
Thoma Bravo picks up Ping Identity for $2.8B in an all-cash deal
After a tough few months in the markets for Ping Identity, the enterprise identity management company today announced a big move: private equity firm Thoma Bravo is buying the company…
AppOmni raises $70M to find and secure vulnerabilities in SaaS app stacks
As more enterprises migrate apps and workloads into the cloud, so grows the need for more sophisticated tech to secure that activity. That’s resulted in a strong run of funding…
Real-time database startup Imply reaches unicorn status with $100M infusion
The desire to extract value from enterprise data has only grown as the pandemic prompts organizations to digitize their operations. But organizations often lack the right set of tools to…
Salesforce and Twitter are both lucky their purported $20B deal failed in 2016
What if history gone a bit differently and Salesforce had bought Twitter in 2016? We spoke to some analysts who cover the CRM industry to get their thoughts.
TechCrunch+ roundup: The Kindbody TC-1, Glossier’s mistakes, calculating startup runway
With a focus on education that addresses the fragmentation associated with infertility care, Kindbody is growing at a remarkable pace, but it’s also helping many patients feel seen and heard…
Daily Crunch: FDA clears Fitbit algorithm that passively scans for signs of AFib
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Featured Article
Unpacking SailPoint’s $6.9B sale to private equity firm Thoma Bravo
To understand why SailPoint is selling and Thoma Bravo is buying, we’ll need to peek into the company’s results.
Thoma Bravo to take identity security company SailPoint private for $6.9B
Another day, another big private equity acquisition. It’s widely known that private equity firms are awash in cash these days and looking to direct it into acquisitions. Last month, Thoma…
Featured Article
TechCrunch+ roundup: Startup survival tips, content as a service, leading with transparency
Once investors started shaving value from high-flying stocks, it changed the game for early-stage valuations, says Navin Chaddha, managing partner at Mayfield.
Daily Crunch: Corporate management startup Ramp doubles its valuation to $8.1B with new financing
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Featured Article
After Anaplan, which SaaS company will private equity target next?
The stock market hasn’t been kind to SaaS companies in recent quarters, which makes us wonder if we’re seeing the beginning of a trend of private equity taking aim at vulnerable SaaS firms.
It’s a bit unusual for meaningful tech news to break on a Sunday night, but that’s what happened last night when private equity firm Thoma Bravo announced it was acquiring…
