Big Data Company Talend Going Private In $2.4B Thoma Bravo Acquisition Deal
Summary
Big data software developer Talend is being acquired by private equity firm Thoma Bravo in a deal valued at $2.4 billion. The company was originally started in France in 2004 and later moved much of its operations to the U.S. where it maintains its global headquarters in Redwood City, Calif. Gartner listed Talend as a leader in the market researcher’s 2020 data integration magic quadrant report. “Our Board is focused on driving shareholder value and has periodically evaluated potential transaction alternatives in the context of our standalone plan over the past several years,” Singh said. “With the successful advancement of our transformation effort led by our CEO over the past year, the Talend board and management team conducted a targeted process with potential financial and strategic parties to determine the best path forward for the company. Bemont, previously an executive with SAP’s Concur business, was hired as Talend’s CEO in January 2020 as part of a broader overhaul of the company’s management.