Thoma Bravo to take majority stake in Cority

Thoma Bravo has agreed to acquire a majority stake in Toronto-based Cority, a provider of environmental, health, safety and quality software. No financial terms were disclosed. Cority's previous majority backer Norwest Venture Partners will continue to retain a "significant" stake in the business and re-invest over half of its proceeds. Also, Georgian Partners will also re-invest a portion of its existing investment in the business and continue to advise the company in the area of applied analytics. The transaction is expected to close by the end of June 2019.

DealsNorth AmericaUSBriefs