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Bishof to retire as Flexera Software CEOFlexera Software said Tuesday that CEO Mark Bishof would be retiring on Dec. 31. Jim Ryan, currently the company's COO, to assume the role of CEO on January 1, 2016. Bishof has served as President and CEO of Flexera Software since its inception in April, 2008, when it spun out from Macrovision. Flexera is a portfolio company of Ontario Teachers’ Pension Plan and Thoma Bravo.
- Thoma Bravo reaps 4.7x return on Sirius Computer exit
Thoma Bravo completed the sale of Sirius Computer Solutions Inc. to Kelso & Co. for a 4.7x return. The firm first invested in Sirius Computer in 2006. The company increased gross revenue from more than $600 million to an expected $1.7 billion in 2015. Harvey Najim, founder and executive chairman of Sirius Computer, will be retiring.
- TravelClick buys ZDirect
TravelClick, a portfolio company of Thoma Bravo, has acquired ZDirect. Financial terms weren’t announced. Located in Ottawa and South Carolina, ZDirect provides a customer relationship management platform in the hospitality sector. Waller Capital advised ZDirect.
- TA expects 7x return in less than three years with DigiCert sale
TA Associates is expected to make over 7x its money with the sale of DigiCert Inc, sources said.
TA expects 7x return on sale of DigiCert to Thoma BravoIn less than three years, TA Associates is expected to make over 7x its money with the sale of DigiCert Inc, sources said.
SolarWinds to be taken private in $4.5 bln deal: ReutersIT management software maker SolarWinds Inc said it agreed to be taken private by investment firms Silver Lake Partners and Thoma Bravo LLC for $4.5 billion.
- Thoma Bravo sells Embarcadero Technologies to Idera
Thoma Bravo has sold San Francisco-based Embarcadero Technologies, a provider of software solutions for application and database development, to Idera Inc. No financial terms were disclosed for the deal that's expected to be completed the middle of this month. Jefferies & Company Inc provided financial advice to Thoma Bravo on the transaction.