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CPE Media News (5/14/2019) – Thoma Bravo, LLC has completed previously announced acquisition of Calgary based Aucerna from Rubicon Technology Partners and management shareholders.

Founded in 2005 by CEO Wayne Sim, Aucerna is a leading provider of solutions for integrated planning, execution and reserves.

Rubicon Technology Partners acquired Aucerna, formerly known as 3esi, in 2015.

Aucerna will continue to be led by Sim and existing management team.


News Release

Rubicon Technology Partners Announces Sale of Aucerna

PALO ALTO, Calif., May 14, 2019 /CNW/ — Rubicon Technology Partners, a private equity firm specializing in mid-market enterprise software company investments, announced that it has completed the sale of Aucerna to Thoma Bravo.

Aucerna, one of the energy industry’s leading providers of solutions for integrated planning, execution and reserves, provides the critical link of data and information that connects key decision makers across oil and gas organizations to enhance business insights and decisions.

“Rubicon has been a great partner, supporting our ambitious vision to lead the digital transformation of the oil and gas industry as a strategic partner to the world’s largest oil and gas organizations,” said Wayne Sim, CEO at Aucerna. “We greatly appreciate Rubicon’s help over these past few years in guiding Aucerna’s success.”

Following its investment, Rubicon has been instrumental in helping Aucerna become a market leader through investing in expanding its global footprint and completing four strategic acquisitions.

“We have been fortunate to have the opportunity to build a market-leading business in partnership with Wayne and the Aucerna team,” said Steve Carpenter, Partner at Rubicon Technology Partners. “We are excited about Aucerna’s continued growth and success.”

Terms of the transaction were not disclosed.

Goldman, Sachs & Co. LLC served as lead financial advisor to Aucerna, with AQ Technology Partners LLC also serving as financial advisor. Perkins Coie LLP served as legal advisor to Aucerna.

Read the story on Private Capital Journal here.