Thoma Bravo Enters into Agreement to Sell iPipeline to Roper Technologies
Summary
" "We are grateful to Thoma Bravos leadership team and the operational expertise they implemented to help invest in and grow the company," said Tim Wallace, CEO of iPipeline. "Through our partnership with Thoma Bravo, we increased the employee headcount at iPipeline by 60%, made significant investment in our product suite and substantially improved the level of service we are able to provide to our customers. With a series of funds representing more than $30 billion in capital commitments, Thoma Bravo partners with a companys 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. Representative past and present portfolio companies include industry leaders such as ABC Financial, Apttus, Blue Coat Systems, Deltek, Digital Insight, Ellie Mae, Frontline Education, Global Healthcare Exchange, Hyland Software, Imprivata, PowerPlan, Qlik, Riverbed, SailPoint, SolarWinds, SonicWall, Sparta Systems, TravelClick and Veracode. We provide process automation and seamless integration between every participant in our ecosystem including carriers, agents, general agencies, advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and their consumers on a global basis.