by Joe Panettieri • Oct 26, 2020
Private equity firm Thoma Bravo has raised $22.8 billion to acquire and/or invest in more technology companies, The Wall Street Journal reports.
The raise, the report says, involves roughly:
Thoma Bravo already owns and/or backs multiple companies in the MSP-centric technology businesses. The investments span Barracuda, ConnectWise, SolarWinds, Sophos and more.
In terms of next industry moves, SolarWinds has been exploring the potential spin-off of its SolarWinds MSP business unit. SolarWinds, which just acquired SentryOne for database performance monitoring, is expected to share Q3 2020 financial results on October 27. We’ll be listening to learn if CEO Kevin Thompson shares an update on the potential spin-off. Also, ConnectWise is expected to share product roadmap updates during the company’s IT Nation Connect 2020 virtual conference in November.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Notify me of followup comments via e-mail. You can also subscribe without commenting.