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	<title>Thoma Bravo</title>
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	<link>http://www.thomabravo.com</link>
	<description>Private Equity – Consolidation Investing in Partnership with Management</description>
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		<title>Thoma Bravo Completes Sale of Portfolio Company SonicWALL to Dell Inc.</title>
		<link>http://www.thomabravo.com/2012/05/09/1588/</link>
		<comments>http://www.thomabravo.com/2012/05/09/1588/#comments</comments>
		<pubDate>Wed, 09 May 2012 13:42:19 +0000</pubDate>
		<dc:creator>Lane PR</dc:creator>
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		<description><![CDATA[THOMA BRAVO COMPLETES SALE OF SONICWALL TO DELL INC. San Francisco and Chicago (May 9, 2012) – Thoma Bravo, LLC, a leading private equity investment firm, announced today it has completed the sale of portfolio company SonicWALL, Inc., a leading &#8230; <a href="http://www.thomabravo.com/2012/05/09/1588/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p align="center"><strong><br />
THOMA BRAVO COMPLETES SALE OF SONICWALL TO DELL INC.</strong><strong></strong></p>
<p>San Francisco and Chicago (May 9, 2012) – <a href="http://www.thomabravo.com">Thoma Bravo, LLC</a>, a leading private equity investment firm, announced today it has completed the sale of portfolio company SonicWALL, Inc., a leading provider of IT security and data backup and recovery solutions, to Dell Inc. (NASDAQ: DELL). Financial terms were not disclosed.</p>
<p>“Working in strong partnership with the SonicWALL management team, we were able to achieve a significant increase in the company’s value during our ownership,” said Thoma Bravo managing partner Orlando Bravo. “The acquisition by Dell reflects this and the great job the management has done to position the company for continued growth.”</p>
<p>“SonicWALL is now at the forefront of innovation in the evolving area of network security and data protection,” added Seth Boro, partner at Thoma Bravo. “SonicWALL’s industry leadership in a growing area of critical importance for organizations of all sizes helped attract a leading technology company like Dell.”</p>
<p>Thoma Bravo led an investor group that includes Ontario Teachers’ Pension Plan (through its private equity group, Teachers’ Private Capital) in the acquisition of SonicWALL, formerly a public company, in a take-private transaction in 2010.</p>
<p>“We are appreciative of Thoma Bravo’s assistance over the last couple of years,” said SonicWALL president and CEO Matt Medeiros. “Our partnership with Thoma Bravo resulted in a period of notable success for the company and opened up this opportunity for our next phase of growth with Dell.”</p>
<p>Established in 1991 and headquartered in San Jose, CA, SonicWALL provides dynamic network security and data protection solutions for small, mid-sized and large enterprise organizations worldwide. With offices in 23 countries and more than 950 employees serving customers in 50 countries, SonicWALL delivers award-winning solutions that include network security, secure remote access, email security, backup and recovery, and policy and management.</p>
<p>About Thoma Bravo, LLC<br />
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 52 add-on acquisitions across 23 platform companies with total annual earnings of approximately $1 billion. For more information, visit www.thomabravo.com.<br />
About SonicWALL, Inc.<br />
Guided by its vision of Dynamic Security for the Global Network, SonicWALL develops advanced intelligent network security and data protection solutions that adapt as organizations evolve and as threats evolve. Trusted by small and large enterprises worldwide, SonicWALL solutions are designed to detect and control applications and protect networks from intrusions and malware attacks through award-winning hardware, software and virtual appliance-based solutions. For more information, visit www.sonicwall.com.</p>
<p>About Dell<br />
Dell Inc. (NASDAQ: DELL) listens to customers and delivers worldwide innovative technology, business solutions and services they trust and value. For more information, visit www.dell.com.</p>
<p>Media Contact</p>
<p>Thoma Bravo, LLC<br />
Amber Roberts<br />
LANE PR (for Thoma Bravo)<br />
212.302.5964<br />
amber@lanepr.com</p>
<p><a href="http://www.thomabravo.com/wp-content/uploads/2012/05/Thoma-Bravo-SonicWALL-Close-Press-Release.pdf">Click to download this release</a></p>
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		<title>Thoma Bravo Completes Investment in Network Instruments</title>
		<link>http://www.thomabravo.com/2012/05/01/thoma-bravo-completes-investment-in-network-instruments/</link>
		<comments>http://www.thomabravo.com/2012/05/01/thoma-bravo-completes-investment-in-network-instruments/#comments</comments>
		<pubDate>Tue, 01 May 2012 20:42:01 +0000</pubDate>
		<dc:creator>Lane PR</dc:creator>
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		<description><![CDATA[Thoma Bravo COMPLETES INVESTMENT IN Network Instruments  Private Equity Firm Takes Controlling Interest in Network and Application Performance Management Leader San Francisco – May 1, 2012 – Thoma Bravo, LLC, a leading private equity investment firm, today announced that it &#8230; <a href="http://www.thomabravo.com/2012/05/01/thoma-bravo-completes-investment-in-network-instruments/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p align="center"><strong>Thoma Bravo COMPLETES INVESTMENT IN Network Instruments</strong></p>
<p align="center"><strong> </strong><em>Private Equity Firm Takes Controlling Interest in Network and Application Performance Management Leader</em></p>
<p>San Francisco – May 1, 2012 – Thoma Bravo, LLC, a leading private equity investment firm, today announced that it has acquired a controlling interest in Network Instruments, LLC, a leading provider of network and application performance management solutions. The transaction provides investment capital and strategic support to expand Network Instruments’ market share and further deliver best-in-class IT performance management solutions to the marketplace.</p>
<p>Network Instruments will continue to operate as an independent entity with the existing management team continuing in their current roles. Terms were not disclosed.</p>
<p>“We’re excited to work with Network Instruments to build upon its already market-leading technology and world-class customer base,” said Thoma Bravo partner Seth Boro. “We believe that Network Instruments is an ideal fit for Thoma Bravo’s investment strategy of accelerating growth through operational best practices and acquisitions,” added Robert Sayle, a principal at Thoma Bravo.</p>
<p>“This partnership puts Network Instruments in a strong position for further growth with additional capital to explore market expansion and acquisitions,” said Douglas Smith, president and co-founder of Network Instruments. “Our customers will continue to experience our high quality products and support as we partner with Thoma Bravo in the next phase of our growth and market leadership.”</p>
<p>Since 1994, Network Instruments has supplied IT teams with high-quality software and hardware platforms to accurately report network and application behavior, resolve IT problems, and optimize performance. Most recently, the company announced 21 percent revenue growth in 2011 over 2010.</p>
<p><strong>About Thoma Bravo, LLC</strong><br />
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 building 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 52 add-on acquisitions across 23 platform companies with total annual earnings of approximately $1 billion. For more information, visit www.thomabravo.com.</p>
<p><strong>About Network Instruments, LLC</strong><br />
Established in 1994, Network Instruments is an industry leader in application and network management. It provides products that optimize performance and speed problem resolution, helping ensure delivery of critical applications for businesses worldwide. Network Instruments delivers these benefits through a seamlessly integrated line of software and hardware systems that are precision engineered for exact network monitoring and analysis. For more information, visit www.networkinstruments.com.</p>
<p>Press Contacts</p>
<p>Thoma Bravo, LLC<br />
Amber Roberts<br />
Lane PR (for Thoma Bravo)<br />
+1 212-302-5964<br />
amber@lanepr.com</p>
<p>Network Instruments<br />
Veena Vadgama<br />
Network Instruments<br />
+1 952-358-3843 | +1 612-865-9393<br />
veenav@networkinstruments.com</p>
<p><a href="http://www.thomabravo.com/wp-content/uploads/2012/05/NI-Close-5.1.12-FINAL.pdf">Click to download this release</a></p>
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		<title>Thoma Bravo&#8217;s LANDesk Acquires Managed Planet</title>
		<link>http://www.thomabravo.com/2012/04/30/thoma-bravos-landesk-acquires-managed-planet/</link>
		<comments>http://www.thomabravo.com/2012/04/30/thoma-bravos-landesk-acquires-managed-planet/#comments</comments>
		<pubDate>Mon, 30 Apr 2012 18:26:34 +0000</pubDate>
		<dc:creator>Lane PR</dc:creator>
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		<description><![CDATA[LANDesk Acquires Data Analytics Company New acquisition strengthens LANDesk’s market leadership and signals accelerated growth SALT LAKE CITY – April 24, 2012 – LANDesk Software, a global leader in systems lifecycle management, endpoint security and IT service management, today announced &#8230; <a href="http://www.thomabravo.com/2012/04/30/thoma-bravos-landesk-acquires-managed-planet/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p align="center"><strong>LANDesk Acquires Data Analytics Company</strong></p>
<p align="center"><em>New acquisition strengthens LANDesk’s market leadership and signals accelerated growth</em></p>
<p>SALT LAKE CITY – April 24, 2012 – LANDesk Software, a global leader in systems lifecycle management, endpoint security and IT service management, today announced the acquisition of Managed Planet. The company has unique technologies in the areas of IT asset management, business to business connectors, hardware discovery, reporting and asset analytics. LANDesk previously licensed this technology as part of its LANDesk® Data Analytics product. Managed Planet is located in Dallas, Texas and financial terms of the transaction were not disclosed.</p>
<p>This acquisition is the fifth since LANDesk spun-out of Intel in 2002 and the first for LANDesk since becoming a stand-alone business again in September of 2010. As a stand-alone company, LANDesk has achieved significant growth and expanded its product portfolio while achieving record levels of profitability. This acquisition represents a first step in the next phase of LANDesk’s growth strategy and further strengthens LANDesk’s position as a market leader in IT end-user management.</p>
<p>“Acquisitions represent an important component of our growth strategy and this announcement marks a shift to accelerated growth for LANDesk,” said Bob Macfarlane, LANDesk’s Vice President of Corporate Development. “LANDesk has achieved its core goals since becoming an independent company and our strong financial performance fuels plans for future acquisitions.”</p>
<p>LANDesk will continue to sell its version of LANDesk Data Analytics as add-on options to its systems and security management products. This technology allows organizations to achieve additional benefits by expanding the management of hardware devices, including printers, with in-depth reporting and analytic capabilities. This acquisition will enable LANDesk to more quickly localize all Managed Planet offerings while expanding availability through LANDesk global channels.</p>
<p>LANDesk asset management solutions help IT organizations reduce hardware and software asset management cost. LANDesk Data Analytics along with LANDesk Software License Monitoring and Asset Lifecycle Manager combine to provide a comprehensive picture of the asset status, while offering easy integration into procurement systems. Unlike other IT asset management products, LANDesk solutions offer strong data translation, asset controls, extended discovery, license reconciliation, reporting, asset analysis and compliance validation of IT assets that allow organizations to reduce cost and risk.</p>
<p>About LANDesk Software<br />
LANDesk Software is a leading provider of systems lifecycle management, endpoint security, and IT service management solutions for desktops, servers and mobile devices across the enterprise. LANDesk enables IT to deliver business value by gaining control of end-user computing with a single console, light infrastructure, and ITIL solutions that deliver significant ROI for thousands of customers worldwide. LANDesk is headquartered in Salt Lake City, Utah, with offices located in the Americas, Europe and Asia Pacific, and can be found at <a title="www.landesk.com" href="http://www.landesk.com">www.landesk.com</a>.</p>
<p><a href="http://www.thomabravo.com/wp-content/uploads/2012/04/Mantua-press-release-4-18-2012-FINAL-2.pdf">Click to download this release</a></p>
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		<title>Thoma Bravo Takes Controlling Interest of Network Instruments</title>
		<link>http://www.thomabravo.com/2012/04/10/thoma-bravo-takes-controlling-interest-of-network-instruments/</link>
		<comments>http://www.thomabravo.com/2012/04/10/thoma-bravo-takes-controlling-interest-of-network-instruments/#comments</comments>
		<pubDate>Tue, 10 Apr 2012 17:30:17 +0000</pubDate>
		<dc:creator>Lane PR</dc:creator>
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		<guid isPermaLink="false">http://www.thomabravo.com/?p=1544</guid>
		<description><![CDATA[Network and application performance management player gives private equity firm controlling interest in company Minneapolis, MN and San Francisco, CA. April 10, 2012 – Network Instruments, LLC, a leading provider of network and application performance management solutions, today announced that &#8230; <a href="http://www.thomabravo.com/2012/04/10/thoma-bravo-takes-controlling-interest-of-network-instruments/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p align="center"><em>Network and application performance management player gives<br />
private equity firm controlling interest in company</em></p>
<p>Minneapolis, MN and San Francisco, CA. April 10, 2012 – Network Instruments, LLC, a leading provider of network and application performance management solutions, today announced that it has entered into a definitive agreement to sell a controlling interest to Thoma Bravo, LLC, a leading private equity investment firm. The transaction will provide investment capital and strategic support to expand Network Instruments’ market share and further deliver best-of-breed IT solutions to the marketplace.</p>
<p>“We are excited to partner with Thoma Bravo to further grow the Network Instruments brand,” said Douglas Smith, president and co-founder of Network Instruments. “Our company has had great success bringing critical, high-performing IT solutions to the world’s largest organizations thanks to the tremendous talent and experience of our employees. Thoma Bravo will bring their proven insight to build on our record of double-digit growth, high quality products, and strong customer base. We look forward to our next phase of expansion with them.”</p>
<p>Since 1994, Network Instruments has supplied IT teams with high-quality software and hardware platforms to accurately report network and application behavior, resolve IT problems, and optimize performance. Most recently, the company announced 21 percent revenue growth in 2011 over 2010.</p>
<p>“Network Instruments is a market-leading franchise with a tremendous growth opportunity due to its industry-leading technology, global customer base, and an experienced management team,” said Seth Boro, a partner at Thoma Bravo. &#8220;We look forward to working with Network Instruments to continue growing the business through both market and product expansion.”</p>
<p>The company is well-known for its line of GigaStor<sup>TM</sup> retrospective network analysis appliances and its Observer<sup>®</sup> platform for performance management. IT teams around the world depend on these solutions to manage the performance of critical network and application traffic as well as gain the necessary visibility to solve problems quickly.</p>
<p>”Network Instruments has a long demonstrated track record in a growing industry,” said Thoma Bravo principal Robert Sayle. “As large corporations continue to seek sophisticated network management solutions, they will rely on innovative strategic providers. We’re confident Network Instruments can continue its market leadership, and our investment and guidance will position them for further growth opportunities.”</p>
<p>The transaction is expected to close in April 2012. Terms were not disclosed. Network Instruments will continue to operate as an independent entity with the existing management team continuing in their current roles. Headquarters will remain in Minnetonka, MN with offices in Canada, England, France, and Germany. For more information about Network Instruments, visit <a href="http://www.networkinstruments.com/">www.networkinstruments.com</a>.</p>
<p><strong><span style="text-decoration: underline;">About Network Instruments, LLC</span></strong></p>
<p>Established in 1994, Network Instruments is an industry leader in application and network management. It provides products that optimize performance and speed problem resolution, helping ensure delivery of critical applications for businesses worldwide. Network Instruments delivers these benefits through a seamlessly integrated line of software and hardware systems that are precision engineered for exact network monitoring and analysis. For more information, visit <a href="http://www.networkinstruments.com/">www.networkinstruments.com</a><span style="text-decoration: underline;">.</span></p>
<p><strong><span style="text-decoration: underline;">About Thoma Bravo, LLC</span></strong></p>
<p>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 building 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 47 add-on acquisitions across 21 platform companies with total annual earnings of approximately $1 billion.  For more information, visit <a href="http://www.thomabravo.com/">www.thomabravo.com</a>.</p>
<p><strong><a href="http://www.thomabravo.com/wp-content/uploads/2012/04/NI_TB_Release_Final_4-9-12.docx">Click to download this release</a></strong></p>
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		<title>Five Questions with Carl Thoma, Managing Partner of Thoma Bravo</title>
		<link>http://www.thomabravo.com/2012/04/09/five-questions-with-carl-thoma-managing-partner-of-thoma-bravo/</link>
		<comments>http://www.thomabravo.com/2012/04/09/five-questions-with-carl-thoma-managing-partner-of-thoma-bravo/#comments</comments>
		<pubDate>Mon, 09 Apr 2012 14:50:54 +0000</pubDate>
		<dc:creator>Lane PR</dc:creator>
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		<description><![CDATA[In February, Thoma Bravo closed its tenth fund with $1.25 billion in commitments after being in the market just five months. Fundraising is tough right now. How did you close so quickly? One of the things that contributed to our success is &#8230; <a href="http://www.thomabravo.com/2012/04/09/five-questions-with-carl-thoma-managing-partner-of-thoma-bravo/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><strong>In February, Thoma Bravo closed its tenth fund with $1.25 billion in commitments after being in the market just five months. Fundraising is tough right now. How did you close so quickly?</strong></p>
<p>One of the things that contributed to our success is that we try to work closely with our advisory committee, which is made up of our larger limited partners. Before we start fundraising, we make sure these investors know what we’re doing. We share any management changes that might take place, we reassure them that there isn’t any strategy drift. We’re really making sure that this group of investors is really up to speed, so that even before we go to market, we’ve got 60 to 70 percent of the money raised. If those nine people are not going to sign up for our fund, we better not go to market. You have to take your core investors and be partners with them because it’s sufficiently hard to raise money right now. If they don’t support you, you just can’t raise money.</p>
<p><strong>Since Thoma Bravo has so many longstanding investors, do you feel the need to get new blood into your funds?</strong></p>
<p>Yes, for several reasons. First of all, it’s sometimes harder for existing investors to give you more money than they did last time. And if you want the fund to be a bit bigger, you need new investors. Also, you occasionally run into situations where certain investors are over-allocated to private equity and they can’t make any new commitments when you are raising your fund. So you’ve always got to be adding new people for occasions like that. And you want to keep growing and building new relationships and getting new perspectives. You just don’t want to be thinking of yourself as a closed group.</p>
<p><strong>You don’t use placement agents. Why not?</strong></p>
<p>I think the days of using placement agents are, well, I guess, no comment. I suppose they might be useful if you’re trying to raise a lot of money and you don’t have enough hours in the day and you need someone to help facilitate relationships. But I think LPs would just assume not have placement agents because it just adds another layer of worry after the various problems that have happened in the past.</p>
<p><strong>When you raise a new fund, how probing are investors as far as their due diligence?</strong></p>
<p>The level of due diligence certainly hasn’t gone down. But GPs have gotten a lot better at it. GPs have to be prepared. Years ago, when we were raising our second or third fund, we almost waited until our LPs asked us for information, and then we would prepare it. Nowadays, before we mail out our first memorandum, our data room is populated with every conceivable question somebody could ask. If you do these things in advance, it can literally save you months of time. You have no idea the amount of information we have to provide people. Part of what LPs are doing is checking on the integrity of the GPs. There is also quite a bit of studying portfolio companies to see how we made our money.</p>
<p><strong>Besides returns, what do your investors want most?</strong></p>
<p>LPs really don’t like surprises. When you present a new fund, you would like to say that nothing has changed: same partners, same strategy, same solid performance. They would rather have you make your money from 10 good investments rather than one great investment. What they want is as much predictability, stability and certainty as possible. They’ve got a lot of money to look over, and what they don’t like is problems. They’re not in the work-out business.</p>
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		<title>Thoma Bravo Completes Acquisition of InfoVista</title>
		<link>http://www.thomabravo.com/2012/04/04/thoma-bravo-completes-acquisition-of-infovista/</link>
		<comments>http://www.thomabravo.com/2012/04/04/thoma-bravo-completes-acquisition-of-infovista/#comments</comments>
		<pubDate>Wed, 04 Apr 2012 15:21:58 +0000</pubDate>
		<dc:creator>Lane PR</dc:creator>
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		<description><![CDATA[San Francisco, Calif. (Apr. 4, 2012) – Thoma Bravo, LLC, a leading private equity investment firm, has completed the take-private acquisition of InfoVista, a global leader of service performance assurance. Subsequent to acquiring a controlling interest in December 2011, Thoma &#8230; <a href="http://www.thomabravo.com/2012/04/04/thoma-bravo-completes-acquisition-of-infovista/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p style="text-align: left;" align="center">San Francisco, Calif. (Apr. 4, 2012) – <a href="http://www.thomabravo.com/">Thoma Bravo, LLC</a>, a leading private equity investment firm, has completed the take-private acquisition of <a href="http://www.infovista.com/">InfoVista</a>, a global leader of service performance assurance. Subsequent to acquiring a controlling interest in December 2011, Thoma Bravo launched a 20-trading day tender offer window for remaining shares from February 20<sup>th</sup> to March 16<sup>th</sup> at a price of €3.65 per share. Following the close of the window, Thoma Bravo successfully reached the squeeze out threshold with the minority shareholders of InfoVista owning less than 5 percent. Thoma Bravo requested a squeeze-out procedure to the AMF, and Euronext Paris announced the effective delisting of InfoVista shares on March, 23 2012, effectively concluding the take-private process for InfoVista.</p>
<p style="text-align: left;" align="center">“Thoma Bravo is eager to work with existing management of InfoVista to position the company for further growth and strengthened global leadership in the service performance assurance industry,” said Thoma Bravo principal Robert Sayle. “As a strategic partner, we are confident our approach and experience in identifying strategic and organic opportunities will establish a platform for the company’s continued success.”</p>
<p>“We are exited to partner with Thoma Bravo to propel the company forward as a leader in the service performance assurance industry,” said Philippe Ozanian, chief executive officer of InfoVista. “Our customers will continue to receive the same experience they’ve grown accustomed to and can expect a renewed focus to enhance our suite of solutions now as a private company.”</p>
<p>About Thoma Bravo, LLC</p>
<p>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 building 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 47 add-on acquisitions across 21 platform companies with total annual earnings of approximately $1 billion.  For more information, visit <a href="http://www.thomabravo.com/">www.thomabravo.com</a>.</p>
<p>About InfoVista</p>
<p>InfoVista is the leading provider of service performance assurance software solutions for IP-based network and application services. We empower communication service providers and large IT enterprise organizations to transform their IT infrastructure into a distinctive asset for revenue generation, customer loyalty and business agility by adopting a quality centric approach to expedite the launch of innovative, differentiated and performing services ahead of the competition. InfoVista’s unified network performance management and application performance management platform equips 80% of the world’s largest operators and a roster of global enterprises with the actionable visibility they need to ensure a high-quality user experience end-to-end, by holistically and effectively assuring the performance and quality of their converged network and IT services, while keeping operational costs as low as possible. InfoVista is traded on the Euronext Paris (FR0004031649) and can be found online at <a href="http://www.infovista.com/">www.infovista.com</a></p>
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		<title>Dell to Buy SonicWall from Thoma Bravo</title>
		<link>http://www.thomabravo.com/2012/03/13/dell-to-buy-sonicwall-from-thoma-bravo/</link>
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		<pubDate>Tue, 13 Mar 2012 15:40:06 +0000</pubDate>
		<dc:creator>Lane PR</dc:creator>
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		<description><![CDATA[* Deal value not disclosed; analysts, investors see price at $1 bln to $1.5 bln * Dell not to take additional debt for buyout * Says deal to close by July 2012 March 13 (Reuters) &#8211; Dell Inc said it &#8230; <a href="http://www.thomabravo.com/2012/03/13/dell-to-buy-sonicwall-from-thoma-bravo/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>* Deal value not disclosed; analysts, investors see price at $1 bln to $1.5 bln</p>
<p>* Dell not to take additional debt for buyout</p>
<p>* Says deal to close by July 2012</p>
<p>March 13 (Reuters) &#8211; Dell Inc said it would buy network security products maker SonicWall from an investor group as the world&#8217;s No. 3 personal computer maker tries to tap growing demand to protect corporate networks.</p>
<p>Dell is trying to boost profit margins by focusing on being a one-stop shop for business customers by adding products in areas including security, storage and cloud computing so it can rely less on the PC business for which it is best known.</p>
<p>&#8220;There&#8217;s an opportunity to have higher growth margins and higher operating margins,&#8221; FBN Securities analyst Shebly Seyrafi said.</p>
<p>This is the first deal for Dell after John Swainson took over as its software chief last week with a mandate to expand its software capabilities. Swainson said it had been in the works long before he had been hired.</p>
<p>Though financial terms were not disclosed, investors and analysts are estimating the purchase price to be between $1 billion and $1.5 billion.</p>
<p>On a conference call with analysts, Dell said it will fund the deal with cash but declined to divulge the purchase price.</p>
<p>SonicWall was a public company until 2010, when it was acquired by an investor group led by Thoma Bravo for $717 million.</p>
<p>The firm is best known for selling Unified Threat Management technologies that small and mid-sized businesses use to protect their networks from computer viruses, spam and other cyber threats.</p>
<p>It has recently expanded into selling more robust corporate security products known as next-generation firewalls with lots of bells and whistles that big corporations can use to monitor their workers and protect them from attack when they are using specific online applications like Facebook.</p>
<p>&#8220;It&#8217;s a big market opportunity for anybody to get into. When you have the clout of Dell, it does make sense,&#8221; said Andrew Hay, an analyst with The 451 Group.</p>
<p>Analysts said they expect Dell to build out SonicWall&#8217;s line of products, then market them to bigger corporations and sell its alongside other products to data centers and large enterprises.</p>
<p>&#8220;This basically is part of the whole game plan that they have put in place, that is to acquire a key technology. They&#8217;ve been doing this in enterprise storage, in networking, and now they&#8217;re doing this in security as well,&#8221; said analyst Brian Marshall of ISI Group.</p>
<p>Round Rock, Texas-based Dell has been waging an uphill battle to diversify its revenue base from PCs to become a larger player in the data center equipment market and IT services. It faces stiff competition in those markets from the likes of IBM and HP.</p>
<p>To help that effort, it has been acquiring companies, including Force 10 Networks and Compellent Technologies, to boost its enterprise-related products and services.</p>
<p>Last year, Dell made a splash in the security industry by purchasing SecureWorks, which remotely monitors corporate networks to help companies identify when they have been attacked. The price was not disclosed.</p>
<p>Swainson said in a press call that the company would look at other acquisitions to help it expand further in security, where rivals like IBM and HP have also used deals to boost their market position.</p>
<p>&#8220;Our customers have consistently presented us with concerns about their security,&#8221; Swainson said.</p>
<p>Founded in 1991, San Jose, California-based SonicWall had revenue of $260 million last year and boasts of 300,000 customers.</p>
<p>&#8220;SonicWall is going to contribute less than 1 percent to Dell&#8217;s revenue, but they&#8217;re moving in the right direction,&#8221; analyst Marshall said.</p>
<p>The deal is expected to close within 45 days.</p>
<p>Centerview Partners LLC served as an adviser to SonicWall. Dewey &amp; LeBoeuf advised Dell.</p>
<p>Dell shares rose 15 cents to $17.11 in afternoon trade on Tuesday on the <a title="Full coverage of Nasdaq Composite Index" href="http://www.reuters.com/finance/markets/index?symbol=us!comp">Nasdaq</a>.</p>
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		<title>Thoma Bravo Enters Agreement to Sell Sonicwall to Dell</title>
		<link>http://www.thomabravo.com/2012/03/13/thoma-bravo-enters-agreement-to-sell-sonicwall-to-dell/</link>
		<comments>http://www.thomabravo.com/2012/03/13/thoma-bravo-enters-agreement-to-sell-sonicwall-to-dell/#comments</comments>
		<pubDate>Tue, 13 Mar 2012 14:06:24 +0000</pubDate>
		<dc:creator>Lane PR</dc:creator>
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		<description><![CDATA[San Francisco and Chicago (March 13, 2012) – Thoma Bravo, LLC, a leading private equity investment firm, has entered into a definitive agreement to sell portfolio company SonicWALL, Inc., a leading provider of IT security and data backup and recovery &#8230; <a href="http://www.thomabravo.com/2012/03/13/thoma-bravo-enters-agreement-to-sell-sonicwall-to-dell/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>San Francisco and Chicago (March 13, 2012) – <a href="http://www.thomabravo.com/">Thoma Bravo, LLC</a>, a leading private equity investment firm, has entered into a definitive agreement to sell portfolio company <a href="http://www.sonicwall.com/">SonicWALL, Inc</a>., a leading provider of IT security and data backup and recovery solutions, to Dell Inc. (NASDAQ: DELL). Financial terms were not disclosed.</p>
<p>“We are proud of our strong partnership with the SonicWALL management team,” said Thoma Bravo managing partner Orlando Bravo. “During our ownership of the company, their implementation of our operational strategies resulted in a significant increase in SonicWALL’s value.”</p>
<p>“We are pleased to have worked with SonicWALL during this period of increased growth and investment.  The company’s ability to achieve and sustain leadership and innovation in advanced IT security for customers of all sizes helped attract this acquisition by Dell, a leading global innovator in technology,” added Seth Boro, partner at Thoma Bravo.</p>
<p>Thoma Bravo led an investor group that includes Ontario Teachers’ Pension Plan (through its private equity group, Teachers’ Private Capital) in the acquisition of SonicWALL, formerly a public company, in a take-private transaction in 2010.</p>
<p>“We appreciate the expertise Thoma Bravo brought to SonicWALL and attribute our recent growth and strengthened position in the network security industry to the leadership and operational best practices that Thoma Bravo brought to our partnership,” said SonicWALL President and CEO Matt Medeiros. “We remain committed to providing dynamic solutions and exceptional customer support to enterprise organizations worldwide and look forward to this next phase of growth with Dell.”</p>
<p>Established in 1991 and headquartered in San Jose, CA, SonicWALL provides dynamic network security and data protection solutions for small, mid-sized and large enterprise organizations worldwide. With offices in 23 countries and more than 950 employees serving customers in 50 countries, SonicWALL delivers award-winning solutions that include network security, secure remote access, email security, backup and recovery, and policy and management.</p>
<p>Centerview Partners LLC served as an advisor to SonicWALL.</p>
<p>The transaction is expected to close within 45 days.</p>
<p><strong>About Thoma Bravo, LLC</strong></p>
<p>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 building 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 47 add-on acquisitions across 21 platform companies with total annual earnings of approximately $1 billion.  For more information, visit <a href="http://www.thomabravo.com/">www.thomabravo.com</a>.</p>
<p><strong>About SonicWALL, Inc.</strong></p>
<p>Guided by its vision of Dynamic Security for the Global Network, SonicWALL develops advanced intelligent network security and data protection solutions that adapt as organizations evolve and as threats evolve. Trusted by small and large enterprises worldwide, SonicWALL solutions are designed to detect and control applications and protect networks from intrusions and malware attacks through award-winning hardware, software and virtual appliance-based solutions. For more information, visit <a href="http://www.sonicwall.com/">http://www.sonicwall.com/</a>.</p>
<p><strong>About Dell</strong></p>
<p>Dell Inc. (NASDAQ: DELL) listens to customers and delivers worldwide innovative technology, business solutions and services they trust and value. For more information, visit <a href="http://www.dell.com/">www.dell.com</a>.</p>
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		<title>Thoma Bravo Promotes Robert Sayle to Principal</title>
		<link>http://www.thomabravo.com/2012/03/12/thoma-bravo-promotes-robert-sayle-to-principal/</link>
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		<pubDate>Mon, 12 Mar 2012 15:54:25 +0000</pubDate>
		<dc:creator>Lane PR</dc:creator>
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		<description><![CDATA[SAN FRANCISCO and CHICAGO, March 12, 2012 – Thoma Bravo, LLC, a leading private equity investment firm, has promoted Robert Sayle to principal. Sayle joined Thoma Bravo as an associate in 2005 in the firm’s San Francisco office and was &#8230; <a href="http://www.thomabravo.com/2012/03/12/thoma-bravo-promotes-robert-sayle-to-principal/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>SAN FRANCISCO and CHICAGO, March 12, 2012 – <a href="http://www.thomabravo.com/">Thoma Bravo, LLC</a>, a leading private equity investment firm, has promoted <a href="http://www.thomabravo.com/team/sayle">Robert Sayle</a> to principal. Sayle joined Thoma Bravo as an associate in 2005 in the firm’s San Francisco office and was promoted to vice president in 2008.</p>
<p>“We are pleased to announce Robert’s promotion to principal,” said Orlando Bravo, a managing partner of Thoma Bravo. “Over the past seven years we have been impressed by Robert’s growth into a strategic leader and key player in the firm’s investment staff. He has played a critical role in a number of successful transactions, and we expect him to play an increasing role in the investment of our recently raised Fund X.”</p>
<p>Sayle’s prior experience includes positions at JP Morgan in New York and Hambrecht &amp; Quist in San Francisco. Sayle has been instrumental in Thoma Bravo’s acquisition and development of software portfolio companies Embarcadero Technologies, Inc.; Entrust, Inc.; SonicWALL, Inc.; Infovista SA; LANDesk Software, Inc.; and Tripwire, Inc., and as a board member of all these companies. In addition, Sayle has been involved in the growth of Thoma Bravo portfolio companies Flexera Software, Inc.; and Vision Solutions, Inc.</p>
<p>Sayle graduated from Harvard University with a Bachelor of Arts degree in economics.</p>
<p><span style="text-decoration: underline;">About Thoma Bravo, LLC </span></p>
<p>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 building 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 more than 47 add-on acquisitions across 21 platform companies with total annual earnings of approximately $1 billion. For more information, visit <a href="http://www.thomabravo.com">www.thomabravo.com</a>.</p>
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		<title>Thoma Bravo’s PLATO Learning Will Acquire Archipelago Learning</title>
		<link>http://www.thomabravo.com/2012/03/05/thoma-bravos-plato-learning-will-acquire-archipelago-learning/</link>
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		<pubDate>Mon, 05 Mar 2012 15:10:22 +0000</pubDate>
		<dc:creator>Lane PR</dc:creator>
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		<description><![CDATA[PLATO Learning Enters Into Agreement to Acquire Award-Winning Education Technology Company Archipelago Learning MINNEAPOLIS – March 5, 2012– PLATO Learning, a leading provider of online education solutions for kindergarten through adult learners, announced today it has entered into a definitive &#8230; <a href="http://www.thomabravo.com/2012/03/05/thoma-bravos-plato-learning-will-acquire-archipelago-learning/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p align="center"><strong>PLATO Learning Enters Into Agreement to Acquire Award-Winning Education Technology Company Archipelago Learning </strong></p>
<p>MINNEAPOLIS – March 5, 2012<strong>– </strong><a href="http://www.plato.com/">PLATO Learning</a>, a leading provider of online education solutions for kindergarten through adult learners, announced today it has entered into a definitive agreement to acquire Archipelago Learning (NASDAQ: ARCL), an award-winning software-as-a-service (SaaS) provider of supplemental education products. The acquisition enhances the comprehensive portfolio of education solutions that PLATO Learning provides to administrators, educators and learners. PLATO Learning is backed by leading middle market private equity firm <a href="http://www.thomabravo.com/">Thoma Bravo, LLC</a>.</p>
<p>Founded in 2000, Archipelago Learning products provide standard-based instruction, practice, assessment and productivity tools that improve the performance of educators and students in the United States, Canada and the United Kingdom.</p>
<p>“Archipelago Learning is a true innovator in online, supplemental instruction.” said Vin Riera, PLATO Learning chief executive officer. “This acquisition allows us to cover the entire spectrum of learning needs from pre-k through post secondary; as well as reach a broader group of students and educators with a product portfolio that sets a rigorous standard in online education.”</p>
<p>Tim McEwen, chairman, chief executive officer and president of Archipelago Learning said, “This transaction is an excellent outcome for each of our constituents:  the millions of students who use our products on a daily basis; the thousands of teachers who leverage our products to improve student performance and learning outcomes; and our shareholders, for whom this represents an attractive premium.  PLATO Learning is an excellent partner for Archipelago Learning, with a strong presence in online core curriculum that is highly complementary to our online supplemental curriculum.  With our combined financial strength and additional support from Thoma Bravo, we have the means to support our continued innovation and expansion to more comprehensively meet the needs of our customers.”</p>
<p>“Thoma Bravo has a long history of investing in and cultivating industry-leading software companies, and we are excited to bring together Archipelago Learning and PLATO Learning, two leaders in education technology,” said Holden Spaht, a partner at Thoma Bravo.  “The acquisition of Archipelago will allow PLATO to offer a complete set of products and services to its customer base.”</p>
<p>The transaction is subject to regulatory approval and is expected to close in the second quarter of 2012.</p>
<p><strong>About PLATO Learning, Inc. </strong></p>
<p>PLATO Learning is a leading provider of high-value, comprehensive education technology solutions with a focus on learner achievement leading to academic and career success. With more than 50 years of experience driving significant advances in the industry, PLATO offers a wide variety of innovative solutions spanning a multitude of program areas to facilitate 21<sup>st</sup> century teaching and learning. For more information on PLATO Learning, visit <a href="http://www.plato.com/">www.plato.com</a>, like our <a href="http://www.facebook.com/pages/Bloomington-Minnesota/Plato-Learning/160853173974519">Facebook</a> page, or follow us on <a href="http://twitter.com/PLATOLearning">Twitter</a>.</p>
<p><strong>About Archipelago Learning, Inc.</strong></p>
<p>Archipelago Learning is a leading subscription-based, software-as-a-service (SaaS) provider of supplemental education products used by approximately 14 million students in nearly 38,700 schools throughout the United States, Canada, and the United Kingdom. Archipelago provides standards-based instruction, practice, assessment and productivity tools that improve the performance of educators and students via web-based platforms. For more information on Archipelago Learning, visit <a href="http://www.archlearning.com/index.cfm">www.archlearning.com</a>.</p>
<p><strong>About Thoma Bravo, LLC  </strong></p>
<p>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 building 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 more than 47 add-on acquisitions across 21 platform companies with total annual earnings of approximately $1 billion. For more information, visit <a href="http://www.thomabravo.com">www.thomabravo.com</a>.<strong></strong></p>
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