Hyland bought by private equity firm computer business. Also that year the firm opened two funds, one to focus on software and the. Thoma bravo acquires hyland software 20070731 crunchbase. Hyland s professional profile on relationship science, the database of decision makers. Orlando bravo is a managing partner and founder at thoma bravo. We will work with hyland software to build the leading independent ecm software vendor through both continued organic growth and. Thoma bravo s past and current portfolio companies represent many of the leading software companies in application vertical markets, infrastructure and cybersecurity.
Hyland software deal could drum up more investments. Thoma cressey equity partners began investing in the enterprise software. San franciscobusiness wire thoma cressey bravo, a leading private equity investment firm with more than 27 years of experience, has acquired a majority stake in hyland software, inc. Enterprise software company hyland has been boosting its health care focus.
Within the software and technology industries, thoma bravo has helped build many of the worlds leading companies in applications, infrastructure and cybersecurity. In 1982, when he finished his undergraduate studies, orlando bravo got a job as an. Wire thoma cressey bravo acquires majority stake in hyland software, inc. Thoma cressey bravo manages three private equity funds with investments in such. Thoma cressey bravo acquires majority stake in hyland. Private equity firm thoma cressey bravo has announced that it is buying hyland software, a clevelandbased content management software provider. Hyland said the new majority owner has been very supportive. Clevelandbased hyland, in which the firm has been invested for 12 years. Fund ix was thoma bravos first pool after partners bryan cressey. Thoma bravo, llc operates as a private equity firm. In october 2019, forbes estimated the value of the firm. Private equity firm thoma cressey bravo, which has offices in.
Overall, this appears to be good news for the employees of hyland software. Thoma bravo said to us, we arent turn around specialists. View chip virnigs profile on linkedin, the worlds largest professional community. See what employees say about what its like to work at thoma cressey. Unlike other private equity firms, thoma bravo keeps its administrative team. Thoma bravo companies such as compuware, hyland software, and qlik. Thoma cressey equity partners becomes thoma cressey bravo. In 1998, gtcr split into two firms, one of which was thoma cressey equity. Employees and other friends and family members own the rest of the companys shares. Lake and thoma bravo, together with the silver lake funds and the thoma bravo funds and. Thoma bravo acquires hyland software on 20070731 for an undisclosed. Thoma bravo, llc, is an american private equity and growth capital firm with offices in chicago and san francisco.
Chris hyland, cfo of clevelandbased hyland software inc. Thoma bravo, llc, is an american private equity and growth capital firm headquartered in chicago with an additional office in san francisco. Hyland software canada ulc company profile toronto, on. There is precedent for thinking that thoma cressey bravo s purchase of a 58% interest in hyland software, the developer of onbase document management software, will trigger more interest in local tech companies, according to baiju shah, president of bioenterprise corp. Tcb has been providing equity and strategic support to experienced management teams building growing companies for more than 25 years. In september, it bought valco data systems, which provides information management services to hospitals.
Thoma bravo credit funds focus on making debt investments in software and technology companies. We pioneered the buyandbuild investment strategy, and we first applied this strategy to the software and technology industries nearly 20 years ago. The company invests in application and infrastructure software and technology enabled services sectors. Thoma cressey bravo, a private equity firm with offices in chicago and san francisco, purchased 58 percent of hyland software in july. Thoma cressey bravo tcb is one of the most experienced private equity firms in the united states.
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