Thoma Bravo seals $200m exit

The firm’s sale of Network Instruments marks Thoma Bravo’s third announced exit of 2013.

Thoma Bravo will sell information technology business Network Instruments to JDS Uniphase Corporation for $200 million.

Network Instruments provides application performance monitoring tools to help IT teams resolve issues more quickly. Thoma Bravo acquired Network in May 2012, investing from its $1.25 billion 10th fund. The sale marks Thoma Bravo’s third announced exit of 2013 and is expected to close in the next 45 days.

“This investment marks an important milestone in our continued focus and emphasis on the network management space,” Thoma Bravo principal Robert Sayle said in a statement.

The exit comes just one week after Thoma Bravo agreed to sell digital banking company Digital Insight for $1.65 billion. The firm’s other announced exit this year came in November when it sold fleet management software company Roadnet for an undisclosed sum. 

Thoma Bravo has also had an active year on the investment front in 2013, sealing five investments, including the $1.03 billion acquisition of Intuit’s financial services division and the $395 million acquisition of internet and mobile cloud testing and monitoring company Keynote Systems.  

Thoma Bravo was founded in 1998 when Golder Thoma & Company split into two firms, GTCR Golder Rauner and Thoma Cressey Equity Partners – which was eventually renamed Thoma Bravo. The firm is led by Bravo, Scott Crabill, Lee Mitchell and Seth Boro and manages around $4 billion in private equity commitments.