Thoma Bravo

Thoma Bravo’s Blue Coat acquires Solera Networks

Lane PR — Wed, 22 May 2013 21:14:55 +0000

New Security Analytics and Advanced Threat Protection Platform Empowers Businesses to Safely Use More Web and Application Technology

SUNNYVALE, Calif., May 22, 2013 – Blue Coat Systems, Inc., the market leader in business assurance technology, today announced that it has entered into an agreement to acquireSolera Networks, the industry’s leading provider of big data security intelligence and analytics for advanced threat protection. The Solera DeepSee platform will add industry-leading security analytics and forensic capabilities to the Blue Coat product portfolio, delivering an end-to-end security solution that includes protection, remediation and governance and gives enterprises complete visibility into the content and context of advanced targeted attacks. The acquisition is expected to close within the next 30 days.

“Today’s approach to securing the enterprise is missing an essential element – the ability to defend, react and resolve security issues by efficiently mining a very large dataset of network history to gain previously unavailable insights. The future of the industry is moving beyond just blocking malware and stopping targeted attacks to also identifying and resolving the full scope of the attacks in real time,” said Greg Clark, CEO at Blue Coat Systems. “Retrospective capture and analytics are now an essential component of modern security architecture, and Solera has pioneered this field, creating a DVR for the network that records traffic and allows customers to easily mine that information.”

The combination of Solera’s real-time intelligence, security visibility and forensic capabilities and Blue Coat’s comprehensive Web-based threat intelligence capabilities now gives businesses the tools to proactively block threats and rapidly identify, respond to and recover from a data breach or incident.

Following the acquisition, these technologies will work together to leverage the industry’s most advanced root cause analysis capabilities and the network effect of 75 million users from over 15,000 customers worldwide, including 86 percent of the FORTUNE Global 500. Today, Blue Coat rates more than one billion Web requests per day. This comprehensive Web intelligence combined with the ability of Solera’s DeepSee software and appliances to provide an historic record of all network traffic will enable enterprises to efficiently identify and resolve the full scope of advanced threats.

Solera’s customers include organizations around the world in many market segments, including the Departments of Energy, Homeland Security and Defense, Hitachi, Qualcomm, Overstock.com, Parsons Corporation and Zions Bank. For these customers, Solera’s DeepSee platform helps defend against advanced persistent threats and targeted malware attacks.

“Solera is the go-to system in our network that provides real-time visibility of advanced threats and zero-day attacks, as well as post-event ‘look back’ to easily identify the root cause and material impact of security breaches,” said Ramin Safai, chief information security officer at Jefferies. “Integrating Solera’s security analytics and advanced threat protection capabilities with the comprehensive threat visibility Blue Coat provides will be invaluable in helping us automate our security infrastructure to better protect our business against APTs and targeted malware attacks.”

“Solera’s software acts like a security camera on the network, providing a detailed record of all packets, flows and files to detect and analyze the full scope of today’s advanced targeted attacks,” said Steve Shillingford, CEO at Solera Networks. “Along with the big data security analytics and intelligence needed to see zero-day threats and advanced cyberattacks in real-time, Solera DeepSee provides unmatched security forensics to help enterprises answer critical post-breach questions on the nature of the attack and how to prevent it in the future.”

Both Blue Coat and Solera will continue to embrace an open architecture to future proof the customer network. Solera partners with leading, best-of-breed vendors in the security space to gain additional threat intelligence and visibility into traffic. For example, to see and identify threats hidden in encrypted traffic, Solera integrated its DeepSee platform with SSL technology from Netronome, which Blue Coat acquired earlier this month.

Today, Blue Coat introduced its SSL Visibility appliance as part of its new Business Assurance Technology Resolution Center. This new appliance, which leverages the SSL technology acquired from Netronome, is already integrated with Solera’s DeepSee platform. Together, the two products give customers full forensic capabilities and visibility into all traffic on the network for rapid identification, analysis and remediation of threats hidden in encrypted traffic.

“Traditional security solutions are becoming obsolete against today’s advanced threats, as evidenced by constant stories announcing data breaches. Discovery and prevention of emerging threats has become one of the most critical priorities for C-level executives,” said Charles Kolodgy, research vice president, security at IDC. “Bringing together Solera’s innovative security analytics capabilities with Blue Coat’s comprehensive Web intelligence should allow customers to fully monitor and enforce countermeasures on networks constantly under attack.”

The Resolution Center is one of five technology centers that anchor Blue Coat Business Assurance Technology. Introduced today, Business Assurance Technology makes it possible for businesses and their employees, customers and partners to safely and easily use the best technologies, applications, devices and services in the world.

About Blue Coat Systems

Blue Coat empowers enterprises to safely and quickly choose the best applications, services, devices, data sources, and content the world has to offer, so they can create, communicate, collaborate, innovate, execute, compete and win in their markets. For additional information, please visit www.bluecoat.com.

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Thoma Bravo’s Portfolio Company LANDesk Acquires VMware’s Shavlik Technologies

Lane PR — Tue, 09 Apr 2013 16:56:11 +0000

LANDesk Acquires VMware’s Shavlik For Patch Management

By Robert Westervelt
April 09, 2013 11:56 AM ET

LANDesk Software Monday acquired patch and asset management technology from VMware, buying the former Shavlik Technologies patch management platform from the virtualization vendor.

The acquisition by South Jordan, Utah-based LANDesk brings in VMware’s vCenter Protect product family for IT management. Financial terms of the transaction were not disclosed.

LANDesk will rebrand VMware’s Vcenter Protect and return the Shavlik brand name to the technology. The technology is sold in standard and advanced versions. An update catalog and antimalware engine is sold separately.

LANDesk said it plans to integrate the Shavlik Protect products to add functionality to its line of Total User Management products, which includes asset management, power management, operating system provisioning and software deployment capabilities.

“It will become immediately apparent to Shavlik Protect customers that LANDesk is committed to their current investment in Shavlik Protect products, committed to how they do business, and committed to continued product evolution and innovation,” said LANDesk CEO Stephen Daly in a statement.

The Shavlik technology integrates with Microsoft (NSDQ:MSFT) System Center Configuration Manager. The product was designed for centralized patch management and asset inventory for small and midsize businesses. It also has centralized antivirus, power management and IT scripting, LANDesk said.

VMware acquired Shavlik Technologies in 2011, following Shavlik’s focus on making the patch management configurable to work in virtual environments, said Pete Lindstrom, research director at Spire Security. At the time Shavlik was respected in the industry, but it was outshone by BigFix and Altiris, which offered more robust functionality, Lindstrom said. BigFix is now part of IBM (NYSE:IBM) and Altiris is in Hewlett-Packard (NYSE:HPQ)’s product portfolio.

“We’re at the end of our innovation cycle when it comes to something that calls itself patch management,” Lindstrom said. “That basic functionality is nice if it is integrated into a broader, automated solution for IT management.”

Shavlik had been Web-enabling its products and attempting to build its portfolio around smaller businesses, emphasizing ease of use and the vulnerability and virtual machine management capabilities.

VMware has made a number of security acquisitions over the years. The company acquired host-based intrusion prevention vendor Determina in 2006, application-aware firewall and intrusion prevention vendor BlueLane Technologies in 2008, and Tricipher in 2010 for identity and access management services.

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Carl Thoma on Winning Strategies in the Middle Market

Lane PR — Thu, 28 Mar 2013 17:01:18 +0000

Webinar: Deals in the Middle Market: Winning Strategies

Middle-market deal activity was deal making’s engine in 2012. While the overall pace of M&A transactions slowed in the second-half, in the face of economic, political and legislative uncertainty, deal volume in the middle-market proved to be more resilient, helped by steady private equity activity. Now with the U.S. election decided, the worries over the fiscal cliff calmed and business confidence lifting, all signs point to a burst of M&A activity, especially in the middle-market.

Some believe that a unique set of factors are coalescing to form a “perfect storm” of middle-market M&A activity; a slow but improving economy, an historically low interest rate environment and a strong appetite from many businesses for growth through acquisition. With these factors we’ll see competition for quality deals growing, the pressure to cut corners and quickly close transactions increasing and the need for sound strategic M&A decisions intensifying.

On March 28th, with the help of leading middle-market private equity investors , strategic acquirers and M&A advisers, The Deal’s Matt Miller aimed to answer these and other critical questions facing middle-market dealmakers as they fine-tune their strategies for 2013.

Full webinar available here:

Tripwire, Inc. Acquires nCircle

Lane PR — Mon, 11 Mar 2013 19:20:45 +0000

Acquisition creates $140M company poised to lead multi-billion dollar strategic risk and security market

PORTLAND, OREGON — March 11, 2013 — Tripwire, Inc., a global provider of IT security solutions, today announced it has entered into a definitive agreement to acquire nCircle, a leading provider of information risk and security performance management solutions. The acquisition is expected to close in April and is subject to the customary closing conditions. The terms of the acquisition are not being disclosed.

“Tripwire and nCircle have the opportunity to be a powerful and transformational combination in the rapidly changing security market,” said Jim Johnson, CEO of Tripwire. “Our combined solutions are uniquely positioned to align security posture with business objectives, a crucial step in making security and risk meaningful and actionable across the enterprise.”

In 2012, the two companies’ combined bookings were approximately $140 million, together they had over 500 employees and more than 7,000 customers in 96 countries. The combined company would have ranked among the largest security and vulnerability management companies in this competitive space including IBM, EMC, Symantec and McAfee. Tripwire is highly profitable with a customer base that includes nearly 50% of the Fortune 500.

“Security experts know that continuous monitoring — the process of finding and eliminating vulnerabilities before they can be exploited — is a foundational component of any security framework and the most cost effective way to reduce the risk of security breaches,” said Abe Kleinfeld, CEO of nCircle. “The combination of Tripwire and nCircle brings together the industry’s leading researchers and the broadest and deepest solutions for reducing risk.”

Today, cyber security is more than an IT problem, the convergence of security and risk now impacts the entire enterprise and executives are demanding risk-based security solutions. Following the acquisition of nCircle, Tripwire’s combined solutions will enable senior security officers to make risk-based security decisions aligned with business priorities and goals.

In a Gartner Inc. report titled Meeting the Information Needs of the Chief Risk Officer in 2023 analysts Paul E. Proctor and Rob McMillan said, “Chief Risk Officers will have the benefit of an engaged executive team, but the challenge of a constantly shifting universe of risk to present and prioritize for stakeholders. To manage their responsibilities they will need new knowledge, tools and techniques for gathering, assessing and presenting information.”

“It’s difficult to mitigate attacks without understanding vulnerabilities and assessing that resources allocated to IT security are spent wisely,” said Charles Kolodgy, research vice president, security products at IDC. “Organizations must also be able to maintain an optimal security posture. The combined solutions will enable Tripwire to advance the state of the art in risk-based security management.”

About nCircle
nCircle is the leading provider of information risk and security performance management solutions to more than 6,500 businesses and government agencies worldwide. nCircle solutions enable enterprises of all sizes to (1) automate compliance and reduce risk, and (2) measure and compare the performance of their IT security program with their own goals and industry peers. nCircle solutions may be deployed on a customer’s premises, as a cloud-based service, or in combination, for maximum flexibility and value.

About Tripwire, Inc.
Tripwire is a leading global provider of IT security and compliance solutions for enterprises, government agencies and service providers who need to protect their sensitive data on critical infrastructure from breaches, vulnerabilities, and threats. Thousands of customers rely on Tripwire’s critical security controls like security configuration management, file integrity monitoring, log and event management. Tripwire solutions provide integrated controls for unprecedented visibility and intelligence into business goals. Learn more at www.tripwire.com or follow us @TripwireInc on Twitter.

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Ahead of Plan — Entrust Tops 4-Year Financial, Business Goals under Thoma Bravo Ownership

Lane PR — Tue, 26 Feb 2013 17:50:37 +0000

2012 was Entrust’s fourth consecutive year of exceeding plan
Entrust has grown total and product revenue every year since being acquired by Thoma Bravo in 2009
$106 million in total revenue and 14 percent product revenue growth
67 percent of revenue from cloud and subscription offerings that delivered $64.5 million of deferred revenue
Company-record 28 percent EBITDA margin

DALLAS, Feb. 21, 2013 /CNW/ – Soon after private investment firm Thoma Bravo acquired security software company Entrust, Inc. in 2009, the San Francisco-based group established many aggressive financial goals as part of a multi-year strategy for the company. Four years later, Entrust has exceeded those expectations, transforming into a leading identity-based security company with a solid business model underpinned by 69 percent recurring revenue and a company-record EBITDA percentage of over 28 percent.

“Entrust achieved a great deal of success in 2012,” said Entrust President and CEO Bill Conner. “We exceeded our revenue and earnings goals, and finished our fourth consecutive year ahead of the plan set with Thoma Bravo when they took us private four years ago. On top of our strong financial performance the past four years, we have transformed the company into a leader in identity-based security underpinned by our substantial Intellectual Property (IP) portfolio that we have built.

“Identity-based security has never been more relevant. The proliferation of digital identities — beyond people to devices and applications — and the increased volume and complexity of malware attacks renders traditional antivirus and perimeter security solutions ineffective. Our mobile and cloud-based identity security solutions help solve these growing cybersecurity challenges and have the company strategically positioned for our next stage of growth.”

Key Four-Year Financial Accomplishments:

Product revenue increased to 50 percent of total revenue in 2012, up from 39 percent in 2009, a 14 percent Compound Annual Growth Rate (CAGR)
Risk-based authentication and fraud detection (led by Entrust IdentityGuard) product revenue increased to 24 percent of product revenue in 2012, a 16 percent CAGR
Recurring revenue (cloud subscription product revenue plus support a maintenance) increased to 67 percent of total revenue, up from 61 percent in 2009, a 9 percent CAGR
Cloud subscription product revenue increased to 59 percent of product revenue in 2012, up from 46 percent in 2009, a 24 percent CAGR
EBITDA increased 11 percent in 2012; a 43 percent CAGR as a private company
Deferred revenue increased to a record $64.5 million; a 17 percent CAGR
Company performance has led to more than $65 million in cash flow from operations and more than $108 million in EBITDA since going private in 2009
Successfully recapitalized the company in February 2011

November 2012

“In just more than three years with the Thoma Bravo family, Entrust has met or exceeded every key financial metric that we established — even more importantly, they continue to innovate and grow at a rate that exceed our expectations,” said Scott Crabill, Thoma Bravo managing partner and Chairman of Entrust’s Board of Directors. “Thoma Bravo truly appreciates Entrust’s importance as a key player in the global information security framework. Entrust was our first investment in this space and helped Thoma Bravo become one of the largest private investors in security software and technology.”

This comprehensive success enabled Entrust to recapitalize the company twice — with a financing team co-led by Wells Fargo Capital Finance — since the Thoma Bravo acquisition.

“We are very pleased to have been a part of the Entrust lending group since they went private in 2009 and are impressed with the growth in Entrust’s recurring revenues and the consistent execution by the management team,” said John Nocita, Managing Director of Wells Fargo Capital Finance.

Being a private company allowed Entrust to increase its focus on customers during a strategic business shift. It also allowed for the rapid innovation and transformation of the company’s security products to address mobile, cloud, and physical/logical access environments. This resulted in growth, profitability and a business model transformation that created tremendous value for customers, employees and shareholders.

Key Technology & Product Highlights

Entrust IdentityGuard delivers mobile smart credentials, capitalizes on BYOD momentum by leveraging Bluetooth and NFC technology on Apple iOS, Google Android and BlackBerry devices
Entrust IdentityGuard Named SC Magazine’s ‘Best Multifactor Authentication Solution’
Entrust IdentityGuard Received Perfect Score, ‘Best Buy’ Rating in SC Magazine Competitor Review
Bank of New Zealand uses Entrust’s authentication framework, SDK to embed soft tokens into proprietary mobile applications for Apple iOS and Google Android platforms
New Entrust Discovery release simplifies and automates notifications, analysis and validation, all via a single cloud or on-premise service
Government Security News Named Entrust as a Winner in the “Best Certificate Management Solution” Category in GSN’s Fourth Annual Homeland Security Awards Competition
Frost & Sullivan names Entrust the No. 2 provider of SSL certificates
Entrust demonstrates law enforcement solutions for secure collaboration, communication and mobile security technology during INTERPOL 81st General Assembly
Entrust PKI First to Adhere to Latest Common Criteria Protection Profile
Entrust and AirWatch form Relationship to Bring Innovative Solution to Improve Mobile
Entrust and MobileIron Work to Improve Access to Mobile Security and Enterprise Authentication Tools
Entrust, Good Technology Collaborate to Offer Seamless S/MIME Capabilities on Popular Mobile Devices
Entrust Expands Middle East Presence, Launches Office in Dubai Internet City
Entrust, Heartland Business Systems Helping Law Enforcement Agencies Deploy Advanced Authentication as Mandated by FBI’s CJIS Policy

For more information about Entrust and the company’s identity-based security solutions, please visit entrust.com. For details on Entrust’s full line of SSL products and services, visit entrust.net.

Tweet It: Entrust Tops 4-Year Financial, Business Goals under Thoma Bravo Ownership. For more details visit our news room, www.entrust.com/news

About Entrust

A trusted provider of identity-based security solutions, Entrust secures governments, enterprises and financial institutions in more than 5,000 organizations spanning 85 countries. Entrust’s award-winning software authentication platforms manage today’s most secure identity credentials, addressing customer pain points for cloud and mobile security, physical and logical access, citizen eID initiatives, certificate management and SSL. For more information about Entrust products and services, call 888-690-2424, email entrust@entrust.com or visit www.entrust.com.

About Thoma Bravo

Thoma Bravo is a leading private equity investment firm building on a 30-plus-year history of providing equity and strategic support to experienced management teams and growing companies. Thoma Bravo invests across multiple industries, with a particular focus in enterprise and infrastructure software and financial and business services, and works in partnership with management to implement its operating expertise to build long-term value. The firm currently manages a series of private equity funds representing almost $4 billion of equity commitments. In software, Thoma Bravo has completed 58 add-on acquisitions across 26 platform companies with total annual earnings of approximately $1 billion. For more information, visit www.thomabravo.com.

Entrust is a registered trademark of Entrust, Inc. in the United States and certain other countries. In Canada, Entrust is a registered trademark of Entrust Limited. All Entrust product names are trademarks or registered trademarks of Entrust, Inc. or Entrust Limited. Wells Fargo is a trademark or registered trademark of Wells Fargo & Company. Frost & Sullivan is a trademark or registered trademark of Frost & Sullivan. Google and Android are trademarks or registered trademarks of Google Inc. Apple is a registered trademark of Apple Computer, Inc. BlackBerry is trademark or registered trademark of Research In Motion Limited. IOS is a trademark or registered trademark of Cisco. AirWatch is a trademark or registered trademark of AirWatch, LLC. Bluetooth is a registered trademark owned by Bluetooth SIG, Inc. MobileIron is registered trademarks of MobileIron. Good Technology is a trademark of Good Technology Corporation. Heartland Business Systems is a trademark or registered trademark of Hartland Business Systems. All other company and product names are trademarks or registered trademarks of their respective owners

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Flexera Software Awarded Illinois Venture Capital Association’s 2012 Private Equity Portfolio Company of the Year

Lane PR — Wed, 23 Jan 2013 18:06:12 +0000

Schaumburg, Ill. – January 23, 2013 – Flexera Software, the leading provider of application usage management solutions for application producers and enterprises, is pleased to announce that it has been awarded the Illinois Venture Capital Association’s (IVCA) 2012 Private Equity Portfolio Company of the Year. The award is presented to an Illinois-based company backed by a private equity firm that has had an “exit” or liquidity event and provided outstanding returns to the investors. Private equity investment firm Thoma Bravo, LLC sold a majority stake in the company in July, 2011.

“Flexera Software was chosen for the award by a panel of 54 investment professionals, including IVCA’s board of directors, based on its outstanding performance and the tremendous value it created for Thoma Bravo,” said Maura O’Hara, Executive Director at IVCA. “It has emerged as a strong business leader and employer in Illinois and serves as model of growth and success for other entrepreneurial companies.”

Thoma Bravo purchased Flexera Software from Macrovision for $200 million in 2008. Thoma Bravo implemented its buy and build strategy and worked with the existing management team to increase Flexera Software’s business infrastructure. Flexera Software is now a market leader in each of its four business lines: Licensing & Entitlement Management, Software License Optimization, Application Readiness, and Installation.

In July, 2011, Thoma Bravo sold its majority stake in the company to Ontario Teachers’ Pension Plan netting Thoma Bravo 4.6 times its capital, which translated to a 65 percent internal rate of return for the firm. Thoma Bravo retained a significant minority stake in the company, a signal of confidence that Flexera Software would continue its stellar performance.

“Thoma Bravo has enjoyed working with the experienced and diligent management team at Flexera Software to build the company’s business and we look forward to the company’s continued growth,” said Seth Boro, partner at Thoma Bravo. “This award demonstrates the successful execution of Thoma Bravo’s buy and build investment strategy, which now has been successfully applied in more than 25 software company investments.”

During its ownership by Thoma Bravo, Flexera Software completed four add-on acquisitions. In early 2009 it bought Intraware Inc., which gave the company a cloud-based entitlement management system, and later that year added Honico Software GmbH and a Software License Optimization solution for SAP applications. In May 2010 it purchased ManageSoft, which also provides enterprise software management. It also bought technology from LinkRight Software LLC soon after its buyout by Thoma Bravo in 2008. By 2010, Flexera Software had grown its revenue by 40 percent and EBITDA by 70 percent over the course of Thoma Bravo’s ownership.

“We are proud to receive this award from IVCA, as it is a testament to the leadership position we’ve established in Application Usage Management,” said Mark Bishof, President and CEO of Flexera Software. “With the encouragement and support of Thoma Bravo, we’ve made some bold decisions, such as moving our headquarters from Silicon Valley to Chicago, and have enjoyed tremendous success, including another year of tremendous growth in 2012. We were recently named one of the top Illinois workplaces, and with 550 employees, we’ve added more than 200 jobs to the economy, forging a creative and challenging environment for high performers to flourish in their careers.”

Resources:

Learn more about:

Flexera Software’s Licensing & Entitlement Management solutions
Flexera Software’s Software License Optimization solutions
Flexera Software’s Application Readiness solutions
Flexera Software’s Installation solutions
Related Flexera Software Webinars
Related Flexera Software White Papers
Related Flexera Software Success Stories

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About Flexera Software
Flexera Software is the leading provider of strategic solutions for Application Usage Management; solutions delivering continuous compliance, optimized usage and maximized value to application producers and their customers. Flexera Software is trusted by more than 80,000 customers that depend on our comprehensive solutions- from installation and licensing, entitlement and compliance management to application readiness and software license optimization – to strategically manage application usage and achieve breakthrough results realized only through the systems-level approach we provide. For more information, please go to: www.flexerasoftware.com.

About IVCA
IVCA (Illinois Venture Capital Association) advocates for the venture capital/private equity community (VC/PE) in Illinois. IVCA membership includes investment firms with over $84 billion in assets under management and over 50 of the most recognized professional service firms providing the highest level of expertise to our industry and Illinois universities with investment and entrepreneurial programs. VC/PE professionals invest money and expertise in private companies to accelerate growth and profitability.

About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm applies its own industry consolidation investment strategy and process, which seeks to create value by partnering with a company’s management to improve business operations and make strategic acquisitions that will accelerate growth. Thoma Bravo invests across multiple industries, with a particular focus on application and infrastructure software and financial and business services. The firm currently manages a series of private equity funds representing almost $4 billion of equity commitments. In software, Thoma Bravo has invested in 26 companies that have completed 58 add-on acquisitions to produce total annual earnings of approximately $1 billion. For more information, visit www.thomabravo.com.

For more information, contact:
John Lipsey
(224) 465-9139
jlipsey@flexerasoftware.com

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Carl Thoma on Private Equity in 2012 and His Outlook for 2013

Lane PR — Fri, 18 Jan 2013 23:33:03 +0000

Carl Thoma, managing partner, Thoma Bravo

Looking back, how would you characterize 2012? 2012 was a decent year for private equity. The economy was alright, but growth was dampened by uncertainty. The credit markets were excellent, which helped financing for deal flow. The prospect of tax increases encouraged deal flow, but buyers were disciplined in their purchases because of the uncertainty in the economy and in Washington. What is the most important issue that the private equity industry faces in 2013? Washington will continue to be the most significant issue for the private equity industry in 2013. The fiscal cliff, large deficit and tax increases could all hurt economic growth and tighten debt availability. Uncertainty is hindering businesses from operating as they should be and also makes it challenging to get deals done.What is your New Year’s wish for the industry in 2013? I would like to see issues in Washington get resolved in such a way as to not spook the equity and debt markets and be a foundation for economic growth. Resolving these issues in Washington will bring back the certainty needed for businesses to execute growth strategies with capital expenditure and hiring.If you had to predict one headline involving the private equity industry in 2013, what would it be? “Private Equity Continues to Be a Superior Asset Class and Can Handle Uncertainty Better Than Public Markets.”

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Thoma Bravo Makes Substantial Investment in SRS Software LLC

Lane PR — Wed, 02 Jan 2013 20:45:31 +0000

SRS Receives Substantial Investment from Thoma Bravo

SRS Positioned for Continued Success and Leadership in the Healthcare IT Industry

MONTVALE, NJ – SRS Software LLC (“SRS”), the leader in productivity-enhancing electronic health record technology and services for high-performance physicians, today announced that it has received a substantial investment from Thoma Bravo, LLC a leading private equity investment firm specializing in information technology. This investment will provide investment capital and strategic support to expand SRS’ market share and solidify SRS’ position as an industry leader. Evan Steele, CEO and founder of SRS, will continue to lead the senior management team. Financial terms were not disclosed.

“SRS is an established leader in the ambulatory healthcare IT industry, and we look forward to partnering with existing management to build upon the company’s first-class solutions and loyal customer base,” said Thoma Bravo managing partner Scott Crabill. “The company’s unwavering dedication to the needs of physicians is validated by its consistent industry-leading KLAS ratings for customer service and satisfaction.”

“We believe that SRS is an ideal fit for Thoma Bravo’s investment strategy of accelerating growth through operational best practices and acquisitions,” added Arvindh Kumar, a vice president at Thoma Bravo.

“Since its creation in 1997, SRS has grown rapidly by increasing physician productivity and delivering excellent service,” says Evan Steele, CEO of SRS. “The investment in SRS reflects Thoma Bravo’s confidence in our mission and ability to support physicians as they strive to efficiently provide the highest-quality patient care in the face of ever-increasing regulatory and payer demands. Our partnership will help SRS continue to provide physicians with the IT tools they need for future success.”

Headquartered in Montvale, New Jersey, SRS has more than 5,200 providers across the orthopaedic, ophthalmology, cardiology and other specialty ambulatory physician markets.

About SRS

SRS is the leading provider of productivity-enhancing EHR technology and services for high-performance physicians—with a successful adoption rate unparalleled in the industry. Offered via the Unified Desktop™, the robust SRS EHR, Practice Management, PACS, and Patient Portal increase speed, boost revenue, free physicians’ time, and heighten patient care and satisfaction. For more information on SRS, visit www.srssoft.com, e-mail info@srssoft.com, fax 201.802.1301, or call 800.288.8369.

About Thoma Bravo, LLC

Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. Thoma Bravo invests across multiple industries, with a particular focus in enterprise and infrastructure software and financial and business services, and works in partnership with management to implement its operating expertise to build long-term value. The firm currently manages a series of private equity funds representing almost $4 billion of equity commitments. In software, Thoma Bravo has completed 58 add-on acquisitions across 26 platform companies with total annual earnings of approximately $1 billion. For more information, visit www.thomabravo.com.

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Media Contacts

SRS:

Jeremy Duca

SRSsoft

800.288.8369

jduca@srssoft.com

Thoma Bravo:

Amber Roberts

LANE PR

212.302.5964

amber@lanepr.com

Blue Coat to Buy Crossbeam in Web Security Combo

Lane PR — Mon, 17 Dec 2012 23:45:02 +0000

Blue Coat Systems on Monday said it has agreed to acquire Crossbeam Systems in a deal that combines a pair of Web online security companies. No financial details were disclosed.

Sunnyvale-based Blue Coat was acquired for $1.3 billion last December by Chicago private equity firm Thoma Bravo LLC.

The firm bought Boxborough, Mass.-based Crossbeam for an undisclosed sum just last month, so the deal brings together two related Thoma Bravo investments.

Before being acquired last month, Crossbeam raised more than $100 million from investors, including Charles River Ventures , Commonwealth Capital Ventures, Focus Ventures and Intel Capital.

Crossbeam’s products provide a way for businesses customers to consolidate their security and networking infrastructure.

Blue Coat provides a way for companies to manage and secure inbound and outbound data traffic in any location.

Blue Coat is led by CEO Greg Clark.

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Thoma Bravo Completes Take-Private Acquisition of Mediware Information Systems

Lane PR — Fri, 09 Nov 2012 22:54:11 +0000

Stockholders approve merger valued at approximately $195 million.

LENEXA, KS (Nov. 9, 2012) – Mediware Information Systems, Inc. (NASDAQ: MEDW), a leading provider of clinical software solutions, announced that the Company’s stockholders have approved and adopted a previously announced merger agreement providing for the acquisition of Mediware by an affiliate of Thoma Bravo, LLC, a leading private equity firm. The transaction is valued at approximately $195 million and was completed today.

“We are pleased with the outcome of today’s stockholder vote and believe that the transaction with Thoma Bravo is in the best interests of our stockholders as well as the long-term future of the Company,” said Thomas Mann, Mediware’s president and chief executive officer. “The acquisition price provides our stockholders an attractive premium on their investments. And, through Thoma Bravo, Mediware has access to additional resources that will help us continue the growth we have experienced over the past five years. We expect a seamless transition process and look forward to partnering with Thoma Bravo.”

“Mediware is an accomplished company providing best-in-class and cost effective software systems for the healthcare community,” said Scott Crabill, a managing partner at Thoma Bravo. “Thoma Bravo has a proven track record working with existing management and growing companies through its buy and build strategy. This acquisition marks the 26^th platform company investment for Thoma Bravo in the software industry.”

“Thoma Bravo is excited to partner with Mediware’s existing management team to expand the company’s leadership position in the markets it serves,” said Seth Boro, a partner at Thoma Bravo. “Mediware is uniquely positioned for growth, and we look forward to building on the company’s reputation for first-class products, strategic acquisitions, and strong customer service.”

Under the terms of the merger agreement, Mediware stockholders will receive $22 in cash for each share of Mediware common stock held. Letters of transmittal allowing Mediware stockholders of record to deliver their shares to the paying agent in exchange for payment of the merger consideration will be distributed promptly. Stockholders who hold shares through a bank or broker will not have to take any action to have their shares converted into cash, as such conversions will be handled by the bank or broker.

With the closing of the transaction, Mediware’s common shares will cease to trade on NASDAQ at market close today and will be delisted.

William Blair & Company, L.L.C. served as exclusive financial advisor to Mediware and provided a fairness opinion to the Company’s board of directors. Herrick, Feinstein LLP provided legal counsel to Mediware. Kirkland & Ellis LLP provided legal counsel to Thoma Bravo, LLC.

About Mediware

Mediware delivers interoperable, best-of-breed software systems that improve efficiencies and address safety concerns, enabling healthcare organizations to improve care processes while decreasing costs. Core Mediware solutions include blood management technologies for hospitals and blood centers; cell therapy solutions for cord blood banks, cancer treatment centers and research facilities; medication management solutions for hospitals, behavioral health facilities, infusion and specialty pharmacy providers; and business intelligence-based performance management solutions for clinical, regulatory and financial aspects of the broader healthcare market. For more information about Mediware products and services, visit our website at www.mediware.com.

About Thoma Bravo, LLC

Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm has continued to apply the concept of industry consolidation investing, which seeks to create value through the strategic use of acquisitions to accelerate business growth. Thoma Bravo invests across multiple industries, with a particular focus in enterprise and infrastructure software and financial and business services, and works in partnership with management to implement its operating and consolidation expertise to build long-term value. The firm currently manages a series of private equity funds representing almost $4 billion of equity commitments. In software, Thoma Bravo has completed 54 add-on acquisitions across 26 platform companies with total annual earnings of approximately $1 billion. For more information, visit www.thomabravo.com.

For More Information:

Mediware Media Relations Contact:

John Van Blaricum

Mediware

913.307.1070

John.VanBlaricum@mediware.com

Thoma Bravo Media Relations Contact:

Amber Roberts

LANE PR

212.302.5964

Amber@lanepr.com

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Certain statements in this press release may constitute “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, as the same may be amended from time to time (the “Act”) and are intended to be covered by the safe harbor created thereby. Such forward-looking statements are not necessarily based on historical facts and involve known and unknown risks, uncertainties and other factors which may cause the actual results of Mediware to be materially different from any future results expressed or implied by such forward looking statements. These risks and uncertainties include but are not limited to those disclosed in Mediware’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Mediware does not intend to, and undertakes no obligation to, update forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial condition or business over time. Mediware regularly posts important information to the investor relations section of its website.

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