There are 83 companies in the hyland software canada ulc corporate family. Thoma cressey bravo acquires majority stake in hyland software, inc. Thoma bravo buys lexmarks software business, sells. Thoma bravo is a private equity firm that primarily invests in or acquires usbased middlemarket businesses. Thoma bravo acquires hyland software 20070731 crunchbase.
Thoma cressey bravo manages three private equity funds with investments in such sectors as business services, software, health care, education, and financial services. Hyland software touches all the bases in enterprise content management ecm with its onbase software. In 1998, gtcr split into two firms, one of which was thoma cressey. May 09, 2017 lexmarks software unit which includes kofax and readsoft as well as perceptive software has been sold to thoma bravo, a leading us private equity firm which already owns hyland. In total, thoma bravo has invested in 26 us states and 4 different countries. Perceptive becomes part of hyland irvine, ca, july 10, 2017 kofax, a leading provider of software to simplify and transform the first mile of business, today announced that leading private equity firm thoma bravo has completed the acquisition of lexmark. Kofax and readsoft will unite to create a single, independent company under the kofax brand. Thoma cressey bravo thoma cressey bravo tcb is one of the most experienced private equity firms in the united states. Thoma cressey bravo tcb is one of the most experienced private equity firms in the united states. Tcep became thoma cressey bravo in 2007, in recognition of bravo s contribution to the firms success. Kofax, part of lexmark enterprise software, will be a separate company owned by thoma bravo once the sale closes, most likely in q3 2017. In september, it bought valco data systems, which provides information management services to hospitals. Thoma bravo officials stated it will sell the perceptive portfolio to its subsidiary hyland software, and spin off readsoft and kofax into a company that will retain the kofax name. Management retained their share of the company, amounting to roughly 20%, with the remaining shares being owned by employees and other friends and family members.
Thoma cressey bravos financial backing will allow hyland software to pursue acquisitions. May 11, 2017 hyland and thoma bravo have a history. Hyland software has seen tremendous growth since its inception and partnering with thoma cressey bravo will only strengthen our ability to grow, said a. Australia head office level 8, suite 2 3 spring street. He was a principal with thoma bravo at its founding in 2007 and became a partner in 2011, serving in that capacity until becoming a managing partner in 20. Santa clara 2142008 thoma cressey bravo and macrovision corporation nasdaq. Hyland software is a software company that thrives on new ideas and diverse perspectives. Unlike other private equity firms, thoma bravo keeps its administrative team. There is precedent for thinking that thoma cressey bravos purchase of a 58% interest in hyland software, the developer of onbase document management software, will trigger more interest in local tech companies, according to baiju shah, president of bioenterprise corp.
Private equity has become selfcentred private equity. There is precedent for thinking that thoma cressey bravo s purchase of a 58% interest in hyland software, the developer of onbase document management software, will trigger more interest in local tech companies, according to baiju shah, president of bioenterprise corp. Hyland software s management team remained in place during this acquisition. In november the same year, the company acquired gdpro, a unified modeling language software provider.
We pioneered the buyandbuild investment strategy, and we first applied this strategy to the software and technology industries nearly 20 years ago. Wayne williams was appointed chief executive officer of embarcadero technologies in 2007. Private equity firm thoma cressey bravo, which has offices in chicago and san francisco, has agreed to acquire 58% of hyland, said chris hyland, chief financial officer for the westlakebased developer of onbase document management software. Since 1991, its been their mission to help their employees, customers and partners exceed their potential. Hershey provided a range of solutions for the higher education market focused on student and operational success. Hyland software canada ulc is located in toronto, on, canada and is part of the information technology services industry. Thoma cressey equity partners began investing in the enterprise software sector in 2002 with the acquisition of prophet21, a provider of software for durable. Private equity firm thoma cressey bravo has announced that it is buying hyland software, a clevelandbased content management software provider. Thoma cressey bravo, a leading private equity investment firm with more than 27 years of experience, has acquired a majority stake in hyland software.
The company provides software and services that companies use to manage documents, workflows, and other enterprise content. Boro has served as a managing partner at thoma bravo since 20. The company invests in application and infrastructure software and technology enabled services sectors. Thoma cressey eventually morphed into thoma cressey bravo. Company description founded in 1966, hershey systems was a software company that provided solutions to educational institutions around the world. Its imagenow software suite includes tools for document and content capture, integration, imaging, web publishing, and workflow management. Thoma bravo s most common sectors for investment are software 41% and information technology 20%. Hyland said the new majority owner has been very supportive. Thoma bravo purchased the roadnet business from ups in 2010 and established the business as an independent company. Hyland software canada ulc company profile toronto, on. Private equity firm thoma cressey bravo, which has offices in chicago and san francisco, has agreed to acquire 58% of the westlakebased. The firms most common investment types include buyout lbo, mbo, mbi 28% and secondary buyout 28%. Thoma cressey bravo acquires majority stake in hyland.
At that time he ran the software group at the company. Hyland, a leading content services provider for organizations across the globe, is offering a free subscription to sharebase for all organizations to enable remote work during covid19. He served as ceo and president until 2001, when he was succeeded by his brother, a. Directors of several thoma bravo companies such as compuware, hyland software, and qlik. Embarcadero technologiesr to acquire codegeartm from. Feb 17, 2016 revenue, according to data compiled by bloomberg. Thoma cressey bravo, a private equity firm with offices in chicago and san francisco, purchased 58 percent of hyland software in july. In 2007, hyland software, already one of the most successful ecm providers, made public their intention to grow via acquisitions, and partnered with a private equity firm, then named thoma cressey bravo, who purchased a majority interest in hyland. Financial details of the transaction were not disclosed. Thoma bravo and 33 related entities entities finder. Thoma cressey bravo, a leading private equity investment firm with more than 27 years of experience, has acquired a majority stake in hyland. In 2007, the name of the company was changed from tcep to thoma cressey bravo in the praise of his contribution to the development and progress of the firm. Companies select thoma bravo due to our firms deep sector expertise, long and successful track record, partnershiporiented approach, and proven strategic and operational capabilities. In june 2007, thoma cressey bravo bought embarcadero, and it became a private company.
Hyland acquires lexmarks edm business, perceptive software. Thoma cressey bravo, a leading private equity investment firm with more than 27 years of experience, has acquired a majority stake in hyland software, inc. Our business is anchored by thoma bravo flagship funds, which represent a series of private equity funds that invest in medium and large software and technology companies. The company manages private equity investment funds, as well as offers advisory services.
Perceptive becomes part of hyland irvine, ca, july 10, 2017. Please drop us a line by either filling in the contact form, calling us or chatting with us. In 1998, gtcr split into two firms, one of which was thoma cressey equity partners, formed by thoma, bryan cressey and lee mitchell. Lexmark software unit said to attract thoma bravo, vista. Thoma cressey bravo tcb is the manager of the thoma cressey bravo private equity funds funds vi, vii, viii. After cressey departed to found his own shop in 2008, the firm added orlando bravo who had been a driving force behind the firms pivot from a generalist buyandbuild shop to one focused on software. Kofax, perceptive and hyland reshuffle the deck in search of. Thoma cressey bravo leads recapitalization of encompass. The software, which is increasingly cloudbased, is designed to help organizations streamline their processes and share information among employees, partners, and customers. Claim your profile to update andor remove this information. While thoma bravo will consider a variety of transaction situations, including takeprivates, buyouts, carveouts, recapitalizations, and growth equity financings, the firm has a special interest in consolidation opportunities. San francisco business wire thoma cressey bravo, a leading private equity investment firm with more than 27 years of experience, has acquired a majority stake in hyland software, inc. A 2004 investment by thoma bravo and two other private equity firms in a relatively small provider of software for accessing and integrating legacy computing applications was the first step in the creation, through a multiyear series of strategic acquisitions, of the attachmate group, the worlds largest independent provider of access and integration software for legacy systems. Hyland software canada ulc has 20 total employees across all of its locations and generates 3.
Thoma bravo adapted its original buyandbuild strategy, leading the way to a new era of private equity investing in software and technology. If its bid is successful, thoma bravo plans to combine the software business with one of its portfolio companies, hyland software inc. Thoma cressey bravo private equity company info description. Enterprise software company hyland has been boosting its health care focus. Thoma bravo acquires hyland software on 20070731 for an undisclosed amount. Solarwinds corporate governance board of directors. Thoma cressey bravo specializes in software and technology. Information about these funds is available at this site for limited partner investors in the funds who have been issued usernames and passwords. Thoma cressey bravo is a company based out of 300 n. Tcb has been providing equity and strategic support to experienced management teams building growing companies for more than 25 years. Now armed with available capital, over the next eight.
Mvsn today announced that an affiliate of tcb has entered into a definitive agreement with macrovision corporation to acquire macrovisions software business unit in a cash transaction valued at. Hyland software nears deal for lexmarks software unit sources. In october 2005 embarcadero acquired data security business ambeo. In 2007, thoma and cressey added 36yearold whiz kid orlando bravo s name to the company s title, shortening the firm name to thoma cressey bravo, or tcb. Hyland software fielded calls from investors almost every day, but thoma pronounced towmah cressey bravo stood out partly because the private equity firm wanted to build on what the company already has accomplished, said chris hyland, chief financial officer of the producer of onbase document management software. In february 2019, the french business school hec paris, in conjunction with dow jones, named thoma bravo the bestperforming buyout investor in the world after studying 898 funds raised between 2005 and 2014. The company has completed more than 200 technology and. May 03, 2017 thoma bravo officials stated it will sell the perceptive portfolio to its subsidiary hyland software, and spin off readsoft and kofax into a company that will retain the kofax name. Hyland software plans to pay distribution to thoma bravo. Perceptive hopes your company is receptive to its document management tools. Healthcare investment made by predecessor funds, including thoma cressey fund vi, thoma cressey fund vii and thoma cressey bravo fund viii. Thoma cressey bravo, in partnership with encompass management and northwestern mutual capital, acquired all of the interests in encompass owned by the company s previous financial partner, apax partners, lp. Thoma bravo is a leading private equity firm focused on the software and technologyenabled services sectors.
Thoma cressey bravo to acquire macrovisions software business. According to april anthony, ceo of encompass, we are excited about our partnership with thoma cressey bravo. Thoma bravo completes majority investment in apttus. Kofax and readsoft go forward under the kofax brand as a separate portfolio company. Chris hyland, cfo of clevelandbased hyland software inc.
In the last 3 years, thoma bravo has acquired 18 companies. Prnewswire thoma bravo, a leading private equity investment firm, today announced that it has become the majority investor in apttus, the global middle. Company description thoma cressey bravo tcb focuses on private equity and growth capital investments primarily in the following industries. Hyland software deal could drum up more investments. See who you know at thoma cressey bravo, leverage your. Thoma bravo focuses on application and infrastructure software and technologyenabled business service sectors, and uses a consolidation or buy and build investment strategy. Thoma bravo to acquire majority interest in apttus apttus. 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. Here are the three big highlights from lexmarks sale of its software business to thoma bravo, a private equity firm. Thoma bravo mergers and acquisitions summary mergr. The deal is due to complete in the third quarter of this year. Boro served in roles with a predecessor of thoma bravo since 2005. Leaders of economic development organizations in northeast ohio say that thoma cressey bravo s purchase of a stake in software developer hyland software inc. In 2006, citect corporation, a publicly traded australian software company, was the target of a takeover battle between a financial sponsor and.