# Thoma Bravo

> Thoma Bravo is the world's largest software-focused investment firm, managing roughly $180 billion in assets. For more than two decades it has run a single, repeatable play: buy mission-critical enterprise and cybersecurity software companies, often take them private, tighten operations, bolt on acquisitions, and grow recurring revenue. Founded by Carl Thoma and Orlando Bravo, the firm has invested in or acquired over 580 companies - from SailPoint and Proofpoint to Coupa, Dayforce and Verint - making it one of the most consequential owners of the software the corporate world runs on.

- **Founded:** 2008
- **Headquarters:** Chicago, United States
- **Founders:** Carl Thoma (Co-Founder & Managing Partner), Orlando Bravo (Founder & Managing Partner)
- **Team size:** Approximately 340-500 employees across six offices
- **Products:** Flagship (Buyout) Funds, Discover Funds, Explore Funds, Growth Funds, Thoma Bravo Credit
- **Notable:** Grew to become the world's largest software-focused investment firm, with roughly $180 billion in assets under management., Completed or invested in more than 580 software and technology companies, representing over $300 billion in aggregate enterprise value., Built one of the largest private cybersecurity portfolios in the world (Proofpoint, SailPoint, Sophos, Darktrace, Ping Identity, Imprivata, Exabeam), generating billions in combined revenue.

## Products & services

- **Flagship (Buyout) Funds** — Large-cap control investments in established, market-leading software and technology companies, frequently through take-private transactions. Flagship vehicles include Fund XIV, XV and XVI.
- **Discover Funds** — Middle-market strategy investing in growing software companies below the flagship size range, applying the same operational playbook.
- **Explore Funds** — Lower-middle-market fund investing in smaller software and technology businesses with room to scale.
- **Growth Funds** — Minority and growth-equity investments in high-growth software companies that are not yet ready for a control buyout.
- **Thoma Bravo Credit** — Private credit platform providing debt financing to software and technology companies, including those outside the equity portfolio.

## Achievements

- Grew to become the world's largest software-focused investment firm, with roughly $180 billion in assets under management.
- Completed or invested in more than 580 software and technology companies, representing over $300 billion in aggregate enterprise value.
- Built one of the largest private cybersecurity portfolios in the world (Proofpoint, SailPoint, Sophos, Darktrace, Ping Identity, Imprivata, Exabeam), generating billions in combined revenue.
- Co-founder Orlando Bravo became the first Puerto Rican-born billionaire.
- Executed landmark 2025-2026 take-privates including Dayforce ($12.3B), Verint ($2B) and Boeing's flight navigation / Jeppesen unit ($10.6B).

## Latest updates

- **2026-04** — Thoma Bravo and Google Cloud launched a strategic partnership to bring AI capabilities across the firm's enterprise-software portfolio.
- **2026-02** — Completed the $12.3 billion take-private acquisition of HCM software leader Dayforce at $70.00 per share.
- **2025-12** — Completed the ~$2 billion acquisition of customer-experience and automation software company Verint Systems.
- **2025-07** — Agreed to acquire restaurant-software maker Olo Inc. for roughly $2 billion.
- **2025-04** — Agreed to acquire Boeing's flight navigation business and related digital assets (including Jeppesen and ForeFlight) for about $10.6 billion.

## Links

- Website: https://www.thomabravo.com
- LinkedIn: https://www.linkedin.com/company/thoma-bravo
- Twitter/X: https://twitter.com/thomabravo
- Facebook: https://facebook.com/ThomaBravoOfficial/

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Profile page: https://yespress.io/thoma-bravo
Published by YesPress — https://yespress.io
Last updated: 2026-08-15