Anaplan to go private after $10.7B acquisition
Summary
While Anaplan offers a competitive IBP product, the acquisition may result in cost cutting intended to shore up profitability and make the vendor more attractive to be resold. "Anaplan is a clear leader in connected planning, solving critical business priorities for the worlds largest enterprises as they implement strategic and complex digital transformations," Holden Spaht, a managing partner at Thoma Bravo, said in a statement announcing the deal. Thoma Bravo will use its "extensive operational and investment expertise in enterprise software to support Anaplan in its future growth," Spaht said in the statement. This can provide companies with better tools for planning across business units, leading to benefits such as more visibility into supply chains and improved financial analysis. The high valuation for the Anaplan acquisition was a "shock," but the new investment should position the company well in the planning software market, according to Predrag Jakovljevic, principal industry analyst at Technology Evaluation Centers.
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