Prior Investments: Software & Technology

activant_logo
www.activant.com

Activant Solutions, Inc.

Livermore, CA

The company is a leading technology provider of business management solutions serving small and medium-sized retail and wholesale distribution businesses in three primary vertical markets: hardlines and lumber; wholesale distribution; and the automotive parts aftermarket. Founded in 1972, Activant provides customers with tailored proprietary software, professional services, content, supply chain connectivity and analytics. Thoma Bravo invested in Activant in 2006. The company’s earnings grew steadily over the next five years and, in 2011, it was acquired by Apax Partners and merged with Epicor Software Corporation (NASDAQ: EPIC) to create one of the largest global providers of enterprise applications focused on the manufacturing, distribution, services and retail sectors.

datatel
www.datatel.com

Datatel, Inc.

Fairfax, VA

For over 25 years, Datatel has focused exclusively on helping colleges and universities manage their business processes. Datatel today provides fully integrated enterprise information management software solutions to more than 600 colleges, universities and other higher education institutions serving almost 4 million students. Thoma Bravo invested in the company in 2005 and worked closely with the company’s management to improve its operations and enhance its profitability before selling the business about 4.5 years later for a substantial gain.

Digital Insight
www.digitalinsight.com

Digital Insight, Inc.

Menlo Park, CA

Digital Insight, formerly the Financial Services division of Intuit, Inc. (NASDAQ: INTU), helps banks and credit unions grow by offering innovative online and mobile banking solutions that make it easier for consumers and businesses to manage their money. Digital Insight provides solutions that help financial institutions achieve higher customer engagement and profitability. Thousands of banks and credit unions use Digital Insight to provide their online banking services. Thoma Bravo acquired the business from Intuit in 2013 and established it as an independent company with its own data center, back office operations and G&A functions and identified a number of cost savings opportunities. Thoma Bravo then received an offer from NCR Corporation (NYSE:NCR) to acquire the business at a price that achieved the return goals for the investment much sooner than had been anticipated. The business was sold to NCR less than six months after the Thoma Bravo investment.

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www.entrust.com

Entrust, Inc.

Dallas, TX

Entrust secures digital identities and information for consumers, enterprises and governments in thousands of organizations spanning more than 60 countries. Leveraging a layered security approach to address growing risks, Entrust solutions help secure the most common digital identity and information protection pain points in an organization, including SSL, authentication, fraud detection, shared data protection and e-mail security. After acquiring the company through a take-private transaction in 2009, Thoma Bravo worked with management to create an appropriate go-to-market strategy, optimum pricing for its offerings and improved renewals, which produced a fast growing, recurring, and consistent subscription business that made a successful transition to a Software-as-a-Service (SaaS) business.  In 2013, Entrust was sold to Datacard Group, a privately owned, global issuer of secure credit and financial cards, passports, national IDs, employee badges, mobile payment applications and other credentials on behalf of financial institutions, government agencies and other enterprises. During Thoma Bravo’s time with Entrust, the company’s revenue and earnings increased substantially.

 

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www.jda.com

JDA Software Group, Inc.

Scottsdale, AZ

With its acquisition of Manugistics in July 2006, funded by Thoma Bravo, JDA became the global leader in helping more than 5,500 retail, manufacturing and wholesale-distribution customers in more than 60 countries achieve demand chain results. JDA Portfolio software enables high-performance business process optimization and execution from the manufacturer’s plant through distribution to an end customer or a retailer’s shelf. With offices in major cities around the world, JDA employs the industry’s most experienced supply and demand chain experts to develop, deliver and support its solutions. The investment was sold in 2009.

NASDAQ: JDAS

Acquisitions made by JDA Software Group, Inc.:
Manugistics Group, Inc.

Manatron
www.manatron.com

Manatron, Inc.

Portage, MI

Manatron is a leading provider of integrated, enterprise-level property tax solutions for state and local governments. The company’s software manages the entire property life cycle, which includes deed recording, land records, GIS (Geographic Information System) integration, valuation, assessment administration, personal property, business licenses, cashiering, tax billing and collection, delinquents and tax sales and e-government. Manatron serves customers throughout the United States and in Canada, South Africa and the U.S. Virgin Islands. Over its three-year ownership of the company, through internal growth and six strategic acquisitions, Thoma Bravo was able to help Manatron grow its earnings by a factor of almost 5x, increase its operating margin almost 6x and expand from a local provider of tax software in a few core markets to the leading provider of end-to-end property systems globally. The company was sold in 2011 to Thomson Reuters (NYSE: TRI), a $13B global information services company.

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www.networkinstruments.com

Network Instruments, LLC

Minnetonka, MN

Network Instruments is an industry leader in application and network troubleshooting and analysis. The company’s monitoring and management tools optimize performance and speed problem resolution, helping ensure delivery of critical applications for businesses worldwide. It delivers these benefits through a seamlessly integrated line of software and hardware systems that are precision engineered for exact network monitoring and analysis. After Thoma Bravo acquired Network instruments in 2012, it worked with management to transition the company from a founder owned and operated business to a professionally managed business with improved budgeting processes, formal incentive plans and financial support for sales to build upon the company’s differentiated technology in a growing market.  This led to increased revenues and earnings, accelerated growth in new bookings and attention from larger companies in the sector. In 2014, the company was sold to JDS Uniphase Corporation (NASADAQ:JDSU), a $1.7B public provider of network management solutions.

Roadnet-NEW-Web
www.roadnet.com

Roadnet Technologies, Inc.

Baltimore, MD

Roadnet (formerly UPS Logistics Technologies, a division of United Parcel Service) provides fleet management solutions for hundreds of thousands of vehicles worldwide and in a variety of industries. Specific fleet management applications provide strategic territory and street-level route plans, real-time wireless dispatch, vehicle telematics and global positioning systems (GPS). The company’s solutions are utilized to improve operational efficiency and driver productivity, saving customers millions of gallons of fuel every year. Thoma Bravo purchased the Roadnet business from UPS in 2010 and established the business as an independent company. During the Thoma Bravo ownership, the management team was supplemented, various operating improvements were made and sales and renewal functions were reorganized, all of which resulted in substantial increases in revenue and profitability. The company was sold in 2013 to Omnitracs, a portfolio company of Vista Equity Partners, who had concluded that Roadnet’s focus on software-based fleet solutions for private fleets was an excellent complement to Omnitracs’ focus on telematics hardware and software solutions for the long-haul transportation market.

SonicWall-for-Web
www.sonicwall.com

SonicWALL, Inc.

San Jose, CA

SonicWALL is  a leader in advanced network security, secure remote access, email security, backup and recovery, and management and reporting. The company’s advanced intelligent network security and data protection solutions adapt as organizations evolve and as threats evolve. SonicWALL solutions are designed to detect and control applications and protect networks from intrusions and malware attacks through hardware, software and virtual appliance-based solutions. Thoma Bravo led an investment group that acquired SonicWall through a take-private transaction in July 2010. In the following two years, the development and implementation of operational strategies developed by its management and Thoma Bravo positioned the company as a leader in the evolving area of network security and data protection and attracted the attention of larger information technology companies.  In mid-2012 the company was sold to Dell, Inc. (NASDAQ: DELL) and now operates as Dell SonicWALL.