Thoma Bravo related stories
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peHUB Wire: Wednesday, July 29, 2009Random Ramblings
- peHUB Wire: Wednesday, July 29, 2009
Random Ramblings
- Thoma Bravo Raises Entrust Bid
Thoma Bravo has increased its buyout offer for Entrust (Nasdaq: ENTU), from $1.85 per share to $2 per share. The move increases the deal’s size from $114 million to $124 million, and Thoma Bravo would receive a $2 million termination fee if Entrust shareholders reject the offer. Entrust is a Dallas–based company that secures digital identities and information for consumers.
- peHUB Wire: Friday, July 10, 2009
Random Ramblings
- peHUB Wire: Friday, July 10, 2009
Random Ramblings
- Why Don't Go-Shops Go Anywhere? Ask Management...
M&A may be ice cold in most sectors, but it's at least lukewarm in the world of middle market technology. Take for example, the recent heated auction for SumTotal Systems Strategic%20Planning%20Committee There's also the go-shop struggle ../../../../../../17592/kind-of-a-big-deal-2/ for Greenfield Online, and Symphony Technology Group's purchase of MSC Software /44095/5-question-for-bill-chisholm-symphony-technology-group/ My eyes happen to be on Thoma Bravo's bid for Entrust, the fate of which will be decided by vote on Friday. Not because of Entrust's technology, per se, but because of the sale process' inherent conflicts of interest. The publicly-traded digital security business company received three bids during the go-shop period for its agreed-upon sale to Thoma Bravo. Notably, Thoma Bravo's already-sweetened bid for $1.85 per share is below a previously rejected $3 per share offer from an unnamed strategic. For unknown reasons, the board deemed those three go-shop bids inferior. Thomas Kirchner at Seeking Alpha suspects http://seekingalpha.com/article/147094-entrust-shareholders-likely-to-vote-down-private-equity-buyout-friday that that curious decision has everything to do with management. See, the deal was structured as what I've heard some analysts call a "BIMBO": Buy-In-Management Buyout.
- Hyland Software Adds On
Hyland Software Inc., a Cleveland-based provider of enterprise content management software, has acquired Valco Data Systems, which focuses on the healthcare sector. No financial terms were disclosed. Hyland is a portfolio company of Thoma Bravo.
- peHUB Wire: Thursday, July 2, 2009
Escape from New York
- peHUB Wire: Thursday, July 2, 2009
Escape from New York
- Consona Buys Support.com Enterprise Software Biz
Consona Corp., Indianapolis-based provider of enterprise customer management and process solutions, has acquired the enterprise software business of Support.com (Nasdaq: SPRT). The all-cash deal was worth $20 million. Consona is owned by Battery Ventures and Thoma Cressey Equity Partners.