Security: Barracuda Networks, LogRhythm, McAfee (a minority stake…)
MSP Software: Continuum, SolarWinds (which recently went public)
IT Management Software: Dynatrace, Empirix, SolarWinds
Thoma Bravo has a long track record in the technology market. The private equity company has completed more than 200 software and technology acquisitions (over 60 platform companies and over 140 add-ons) with an aggregate value of about $57 billion, Thoma Bravo says. Moreover, the new Fund XIII is the largest pool of capital raised to invest in enterprise software companies, the PE firm asserts.
Private Equity Reshapes Channel Ecosystem, Managed IT Services
Although Thoma Bravo’s new fund focuses on enterprise software investments, the overall PE industry also remains keenly focused on MSP-centric technology companies and service providers.
Four of the five major MSP technology companies — Continuum, Datto, Kaseya and SolarWinds — have some private equity ownership. The one holdout is ConnectWise, though that company has also attracted private equity interest, sources say.
MSPs themselves are getting swept up in the PE activity. Key PE firms in and around the MSP industry include: