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SAN FRANCISCO and CALGARY, Alberta, Feb. 7, 2019 — Thoma Bravo, LLC, a leading private equity investment firm, today announced that it has agreed to acquire Aucerna, the energy industry’s leading provider of solutions for integrated planning, execution and reserves. The transaction is expected to close in the first quarter of 2019, subject to customary closing conditions and regulatory approvals. Terms of the transaction were not disclosed.

Aucerna was founded more than a decade ago with a vision to provide the golden thread of information that connects oil and gas decision makers from operations to the boardroom. Since its founding, Aucerna has maintained a singular focus on improving the decisions that drive energy companies forward through integrated technology solutions backed by industry expertise and exceptional customer service.

“Focus in the upstream oil and gas industry has shifted from maximizing production to maximizing profitability,” said Wayne Sim, CEO of Aucerna.  “Volatile oil prices have increased the awareness and importance of longer-term planning and data-driven decision making frameworks, but the lack of data consistency, combined with long, labor intensive planning processes, have hindered the ability of operators to respond. Aucerna is providing the bridge between strategy, operational activity and financial outcomes by connecting planning, resources, actions and operational realities. The result is better data, better decisions, transparency and accountability across the organization.”

“Aucerna is playing a key role in accelerating the digital transformation taking place in the oil and gas industry,” said Scott Crabill, a Managing Partner at Thoma Bravo. “The company is a strategic partner for many of the world’s most respected oil and gas companies, and global adoption of their mission critical technology is growing rapidly.  We look forward to working with Wayne and the Aucerna management team to support the company’s continued growth, both organically and through strategic acquisitions.”

Goldman Sachs & Co. LLC is serving as the lead financial advisor to Aucerna, with PageMill Partners also serving as a financial advisor. Perkins Coie LLP is serving as legal advisor to Aucerna. Kirkland & Ellis LLP is serving as Thoma Bravo’s legal advisor. Financing for the transaction is being provided by Owl Rock Capital, Golub Capital and funds managed by affiliates of Fortress Investment Group LLC.

About Thoma Bravo, LLC
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $30 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Representative past and present portfolio companies include industry leaders such as ABC Financial, Blue Coat Systems, Deltek, Digital Insight, Global Healthcare Exchange, Hyland Software, Imprivata, iPipeline, PowerPlan, Qlik, Quorum Software, Riverbed, SailPoint, SolarWinds, SonicWall, Sparta Systems, TravelClick and Veracode. The firm has offices in San Francisco and Chicago.  For more information, visit thomabravo.com.

About Aucerna
Aucerna is the energy industry’s leading provider of solutions for integrated planning, execution and reserves. The company is a global source of technology and expertise, serving more than 500 customers from 12 global offices including Calgary, Houston, London and Singapore. Aucerna proudly serves the energy industry’s largest base of customers, from super-majors and emerging operators to energy investors, consultants and education institutions. Aucerna solutions are deployed in every region of the globe, helping companies make better investment decisions by connecting the people and the data of the modern energy industry. For more information, visit www.aucerna.com.