Thoma Bravo to take a majority stake in Apttus
Summary
Thoma Bravo has agreed to acquire a majority stake in Silicon Valley-based Apttus , a provider of a middle office platform that allows companies to automate and optimize revenue and commercial relationship management processes.Apttus’ solutions automate, optimize and apply artificial intelligence to the most important set of business processes for any enterprise – generating revenue and managing key commercial relationships.Concurrent with the closing of the transaction, David Murphy, the former President and COO of Blue Coat Systems and a current Thoma Bravo Operating Partner, will join Apttus’ Office of the CEO as Executive Chairman.“Apttus has created an entirely automated Quote-to-Cash software solution and is the only end-to-end platform provider in the highly strategic Middle Office market,” said Holden Spaht, a Managing Partner at Thoma Bravo.With a series of funds representing more than $26 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business.
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