Current Investments

ABC Financial

Sherwood, AR

ABC Financial is the nation’s leading software and billing provider for the health and wellness industry. Its comprehensive software services include payment processing solutions and advanced health club management tools, such as DataTrak, that allow gym owners and managers to track and manage memberships and member and employee schedules, drive member engagement, and automate payment processing functions.

Apttus Corporation

San Mateo, CA

Apttus is a leading provider of software for the “middle office” (e.g., where profit and loss is managed and customer strategies implemented) in enterprises around the world. Its comprehensive suite of quote-to-cash (QTC) software solutions address all the processes necessary to go from providing a price quote to recognizing revenue, including configure-price-quote (CPQ), contract lifecycle management (CLM), e-commerce and billing and revenue management. Apttus’ solutions automate, optimize and apply artificial intelligence to the most important set of business processes for any enterprise – generating revenue and managing key commercial relationships. Its customer base includes hundreds of the Global 2000 and is expanding rapidly as enterprises of all sizes are recognizing the importance of middle office solutions to their growth and success.

Barracuda Networks, Inc.

Campbell, CA

Barracuda simplifies IT with cloud-enabled solutions that empower customers to protect their networks, applications and data, regardless of where they reside. These powerful, easy-to-use and affordable solutions are trusted by more than 150,000 organizations worldwide and are delivered in appliance, virtual appliance, cloud and hybrid deployment configurations. Barracuda’s customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection.

Centrify Corporation

Santa Clara, CA

Centrify is a market leader in Privileged Access Management (PAM), an important component of network cybersecurity. Centrify software verifies every user on a network, validates their devices, and limits access and privilege. Centrify also utilizes machine learning to discover risky user behavior and apply conditional access — without impacting user experience. Centrify’s Next-Gen Access identity and access management solution uniquely converges Identity-as-a-Service (IDaaS), enterprise mobility management (EMM) and PAM. Over 5,000 worldwide organizations, including over half the Fortune 100, trust Centrify to proactively secure their businesses.

Compuware Corporation

Detroit, MI

Compuware is the largest software company in the world exclusively devoted to optimizing customers’ IBM mainframe environments.  Compuware empowers the world’s largest companies to excel in the digital economy by fully leveraging their high-value mainframe intellectual property.  The company’s highly innovative mainframe application development and performance optimization solutions uniquely enable IT to drive business value.

Continuum Managed Services

Boston, MA

Continuum is the premier global IT management platform for Managed IT Service Providers (MSPs). Continuum provides MSPs with the platform, services and processes needed to simplify IT management and deliver high quality Remote Monitoring and Management (RMM), backup and disaster recovery and security offerings to small- and medium-sized businesses (SMBs). Its vertically integrated service delivery model combines a SaaS-based technology suite with a best-in-class Network Operations Center (NOC) and Help Desk, and allows MSPs to remotely administer, backup and secure their clients’ IT environments from a single screen and to scale quickly and cost-effectively.

DigiCert, Inc.

Lehi, UT
John Merrill, CEO

DigiCert is a premier, trusted provider of enterprise security solutions. As a leading Certificate Authority (CA), it provides Secure Sockets Layer (SSL) Certificates to over 115,000 customers in more than 180 countries, and is one of the few CAs dedicated solely to advancing public key infrastructure (PKI) software solutions for enterprises and networked devices. SSL technology applies complex cryptographic algorithms to secure communications between a web browser and a web servers. The Company’s SSL and other digital certificates and certificate lifecycle management products are used in e-commerce, healthcare, the Internet of Things and other emerging applications.


Boston, MA

Dynatrace is an innovator and the market leader in the new generation of application performance management (APM) solutions. The company’s products help customers, both large and small, see their applications and digital channels through the lens of end users. Over 5,800 organizations use these insights to master complexity, gain operational agility, and grow revenue by delivering the highest quality user experiences. Previously a division of Compuware Corporation, Dynatrace was established as a stand-alone business by Thoma Bravo upon its acquisition of Compuware in 2014.

Elemica, Inc.

Wayne, PA

Elemica is the leading Digital Supply Network for the process manufacturing industries. Elemica accelerates digital transformation by connecting, automating, anticipating and then transforming inter-business supply chain processes for the products they buy, sell, and move. Launched in 2000, clients process over $500B in commerce annually on the network.

Empirix, Inc.

Billerica, MA

Empirix is the recognized leader in end-to-end network performance visibility, offering the unique ability to analyze customer behaviors, by application, in real-time, through an innovative approach to enabling the build-out of the Service Operations Center model. The company helps service providers, mobile operators, contact centers and businesses master complexities to drive improvements in customer experience and user satisfaction. Through testing, monitoring, analytics and intelligence, Empirix helps customers around the world maximize their technology investments while reducing implementation and customer impact risks.

Frontline Education

Malvern, PA

Frontline Education is an award-winning provider of administrative and HR software solutions for more than 12,000 educational organizations representing over 80,000 schools and millions of educators, administrators and support personnel—the front line of education—in their efforts to develop the next generation of learners. Bringing together the best education software solutions into one unified platform, Frontline makes it possible to manage the administrative needs of the education community efficiently and effectively, including recruiting and hiring, employee absences and attendance, professional growth and special education and interventions programs.

Global Healthcare Exchange, Inc.

Louisville, CO

Global Healthcare Exchange (GHX) is a leading provider of cloud-based technology and services used for supply chain management by healthcare providers and suppliers. GHX offers its healthcare customers an open and neutral electronic trading exchange, procurement and accounts payable automation, contract and inventory management, business intelligence, and other tools and services.  GHX enables the healthcare community to provide better and more cost-effective patient care by maximizing automation, efficiency and accuracy in business processes. A Thoma Bravo fund acquired GHX in 2014 from the consortium of healthcare companies that had formed it and, working closely with the company’s existing senior management team, implemented step-function operational improvements at closing, used improved cash flow to complete accretive add-on acquisitions, and re-invested in organic growth initiatives. As a result, the company’s earnings and margins increased substantially. In 2017, Temasek, a Singapore-based investment firm, purchased a majority interest in the company; Thoma Bravo remains an investor in the company with a minority interest.

Hyland Software, Inc.

Westlake, OH

Hyland is a leader in providing software solutions for managing content, processes and cases for organizations across the globe. For over 25 years, Hyland has enabled more than 19,000 organizations to digitalize their workplaces and fundamentally transform their operations. Named one of Fortune’s Best Companies to Work For® since 2014, Hyland is widely known as both a great company to work for and a great company to do business with.


Santa Clara, CA

Idaptive was formed to enhance the growth of the Identity-as-a-Service (IDaaS) business previously part of Thoma Bravo portfolio company Centrify. Idaptive delivers Next-Gen Access, a more advanced version of traditional access management technologies, to protect organizations from data breaches. Idaptive products are built on Zero Trust, an IT architecture based on the principle of “never trust, always verify.” Unlike other providers of access management, Idaptive uniquely combines leading capabilities to seamlessly integrate single-sign on (SSO), multi-factor authentication (MFA), enterprise mobility management (EMM), and user behavior analytics (UBA). Its solutions intelligently determine the authenticity of a digital user and the user’s device, govern access across an organization’s resources, and react when risky behavior is detected.

Imperva, Inc.

Redwood Shores, CA

Founded in 2002 in Redwood Shores, CA, Imperva is a leading provider of application and database security solutions — two of the most important pieces of an organization’s IT assets — on-premises, in the cloud, and across hybrid environments. Imperva’s core application security offering is a Web Application Firewall (WAF) that inspects all traffic going to a company’s websites/web applications and protects against both known and unknown threats. For database security, the company’s principal product is a Database Activity Monitoring (DAM) solution that inspects all user activity within a database and then uses advanced analytics to determine whether that activity represents a threat, in which case it can disable a user’s access and track changes the user made within the database.

Imprivata, Inc.

Lexington, MA

Imprivata is a leading provider of authentication, identity and access solutions for healthcare organizations globally. The Imprivata platform addresses critical compliance and security challenges while improving productivity and the patient experience. The company’s solutions include an authentication, single sign-on and workflow automation platform; a multi-factor authentication platform for e-prescribing controlled substances, remote access, and clinical workflows; a cloud-based secure communications and messaging platform; and a patient identification system using biometric technology. Together, they enable healthcare organizations to access, communicate, and transact patient information securely and conveniently.

Infogix, Inc.

Naperville, IL

Infogix helps Fortune 1000 corporations analyze data as it moves through complex business environments to improve the customer experience, corporate profitability and operational efficiency. Through its Enterprise Data Analysis Platform, Infogix improves data quality, ensures effective transaction monitoring, provides balancing and reconciliation, and identifies and predicts fraud and customer behavior – assuring the integrity of information for hundreds of enterprise customers each day.

Internet Pipeline, Inc.

Exton, PA

iPipeline is a leading provider of cloud-based software solutions for the life insurance industry. Through its SaaS solutions, it accelerates and simplifies insurance sales, compliance, operations and support. The company provides process automation and seamless integration between every participant in the life insurance industry including carriers, agents (such as financial advisors and independent insurance agents), distributors (such as banks, broker-dealers and general agencies) and consumers. Its innovative solutions enable automated processing for pre-sales, point-of-sale execution of applications, post-sale support, reporting, consumer delivery and agency management.

Kofax Inc.

Irvine, CA

Formerly part of the Enterprise Software business of Lexmark International, Kofax is a leading provider of software to simplify and transform the First Mile™ of business—where the first critical, information-driven interactions between a business and its customers occur. Success in the First Mile can dramatically improve the customer experience, greatly reduce operating costs and increase competitiveness, growth and profitability. Kofax software and solutions provide a rapid return on investment to more than 25,000 customers in financial services, insurance, government, supply chain, business process outsourcing and other markets. Kofax markets its solutions via a direct sales and service organization, along with a global network of more than 1,000 authorized partners in more than 70 countries throughout the Americas, EMEA and Asia Pacific.

LogRhythm, Inc.

Boulder, CO

LogRhythm is a world leader in advanced security information and event management software products (NextGen SIEM) that empower organizations on six continents to successfully reduce risk by rapidly detecting, responding to and neutralizing damaging cyberthreats. LogRhythm’s NextGen SIEM Platform combines traditional SIEM capabilities with advanced user and entity behavior analytics (UEBA), network traffic and behavior analytics (NTBA) and security automation and orchestration (SAO). These combined capabilities deliver end-to-end Threat Lifecycle Management and serve as the foundation for an AI-enabled Security Operations Center (SOC), helping customers secure their cloud, physical and virtual infrastructures.

McAfee LLC

Santa Clara, CA

McAfee, formerly a unit of Intel Corporation, is one of the world’s leading independent cybersecurity companies. For business customers, McAfee provides market leading security products that protect endpoints, networks and data, while its enterprise solutions include Data Loss Prevention (DLP), Security Information and Event Management (SIEM), Server Protection, and NextGen Endpoint Protection.  For consumers, McAfee provides protection from identity theft, phishing scams, viruses and malicious websites.

MedeAnalytics, Inc.

Emeryville, CA

MedeAnalytics is a provider of cloud-based financial performance analytics for the healthcare industry. The company’s analytics platform allows healthcare organizations to use the immense amount of patient data collected along the care continuum to generate intelligence that helps detect their greatest areas of risk and identify opportunities to improve their financial health. With MedeAnalytics, providers and health plans are better able to collaborate and use data to strengthen their operations and improve the quality of care. MedeAnalytics’ cloud-based tools have been used to uncover business insights for healthcare organizations across the United States and United Kingdom.

MeridianLink, Inc.

Costa Mesa, CA

MeridianLink, Inc. was formed by the merger of MeridianLink and CRIF Lending Solutions and provides mission-critical software solutions to financial institutions. Developer of the industry’s first multi-channel account opening and loan origination suite, the company’s LoansPQ, LendingQB, and ACTion platforms allow banks and credit unions to process and accept consumer and mortgage loans as well as account opening applications, and integrate seamlessly with all major core and data services providers. MeridianLink also offers Synergy, a highly customizable and configurable loan processing and decisioning workflow product, as well as MortgageCreditLink, the dominant provider of “tri-merge” integration functionality into credit bureaus and other third-party consumer and business databases.

Motus, LLC

Boston, MA

Motus (which Thoma Bravo combined with Runzheimer International in 2018) is a leading, technology-driven provider of vehicle management and reimbursement solutions and other mobile workforce management tools. The company provides a sophisticated configuration engine that incorporates real-time data across hundreds of variables to drive significant cost reductions for companies reimbursing employees for business miles driven, while helping to ensure regulatory compliance.

Nintex Global Ltd.

Bellevue, WA

Nintex is the global standard for process management and automation. Today more than 8,000 public and private sector clients across 90 countries turn to the Nintex Platform to accelerate progress on their digital transformation journeys by quickly and easily managing, automating and optimizing business processes. Nintex and its global partner network are shaping the future of Intelligent Process Automation (IPA).

PEC Safety

Mandeville, LA

PEC Safety is an industry leading risk-management company offering a technology-enabled contractor management service that provides the data, analysis and reporting business owners need to prequalify and qualify contractors for work. For over 24 years, PEC has supported owner clients in making the workplace safer by helping them manage contractors, subcontractors and vendors to the owners’ requirements. Over 110 owner clients manage over 15,000 contractors in PEC’s total contractor management solution. PEC also develops and offers standardized safety learning programs for workers in high-risk industries. Over 2 million workers have been trained with PEC programs by a network of 3000+ PEC Authorized Instructors.

Planview, Inc.

Austin, TX

As the global leader in work and resource management, Planview makes it easier for all organizations to achieve their business goals. We provide the industry’s most comprehensive solutions designed for strategic planning, portfolio and resource management, new product development, work collaboration, and enterprise architecture. Our solutions span every class of work, resource, and organization to address the varying needs of diverse and distributed teams, departments, and enterprises. Planview’s 700 employees serve more than 3,000 customers worldwide through a culture of innovative technology leadership, deep market expertise, and highly engaged communities.

Porter & Chester Institute, Inc.

Rocky Hill, CT

A leading postsecondary educational institution, founded in 1946, providing technical, business and health related occupational training through seven campuses in Connecticut and Massachusetts.

Qlik Technologies, Inc.

Radnor, PA

Qlik is a leader in visual analytics. Its portfolio of products meets its customers’ growing data analysis needs, from reporting and self-service visual analysis to guided, embedded and custom analytics. Approximately 40,000 customers rely on Qlik solutions to gain meaning out of information from varied sources and to explore the hidden relationships within data that lead to actionable insights. Headquartered in Radnor, Pennsylvania, Qlik has offices around the world with more than 1,700 expert channel partners covering more than 100 countries.

Quorum Software

Houston, TX

Quorum is a leading provider of integrated software solutions that address the core processing demands of the upstream, midstream and downstream segments of the oil and gas value chain.  The company offers an industry-leading portfolio of finance, operations and accounting software that empowers energy companies of all sizes to overcome their most complex business challenges from the field to the back office. Quorum is a preferred software provider to many of the largest public energy companies worldwide, 75 percent of LNG exporters throughout North America and companies providing 80 percent of all the natural gas processed in the United States.

Riskonnect Inc.

Kennesaw, GA

Riskonnect is the leading global provider of Integrated Risk Management technology solutions. Its platform gives companies a holistic view of the various risk factors they face, along with mitigants, costs and impact for those risks. Through a unified, highly configurable set of modules, the company provides the tools and business intelligence needed to reduce losses, control risk, manage key stakeholder relationships and increase shareholder value. Riskonnect’s solutions allow users from organizations of any size to easily review, analyze and report on data from web-based interfaces—all within a single point of access platform.

Riverbed Technology, Inc.

San Francisco, CA

Riverbed is the leader in Application Performance Infrastructure, delivering the most complete platform for the hybrid enterprise to ensure applications perform as expected, data is always available when needed, and performance issues can be proactively detected and resolved before impacting business performance. Riverbed enables hybrid enterprises to transform application performance into a competitive advantage by maximizing employee productivity and leveraging IT to create new forms of operational agility. Riverbed’s customers include 98% of the Forbes Global 100 and 97% of the Fortune 100.

Segall Bryant & Hamill, LLC

Chicago, IL

Segall Bryant & Hamill (SBH) is an independent investment firm based in Chicago with offices in Denver, St. Louis, Philadelphia and Naples, FL. Since its founding in 1994, the business has grown to about $20 billion in assets under management. SBH provides fee-based investment management of equity (domestic and international), fixed income, alternative and asset allocation portfolios and manages the Segall Bryant & Hamill family of mutual funds with 17 mutual funds across 15 asset classes. The company’s proprietary investment research and team of experienced investment professionals has helped SBH’s institutional and wealth management clients maximize investment returns in accordance with each client’s investment objectives and specific risk constraints.

SolarWinds, Inc.

Austin, TX

SolarWinds is the leading provider of IT and infrastructure management solutions for IT professionals. Its powerful and affordable hybrid IT infrastructure management software is used by customers worldwide, from Fortune 500® enterprises to small businesses, government agencies and educational institutions. SolarWinds delivers products that are easy to find, buy, use, maintain and scale while providing the power to address all key areas of the information technology infrastructure, from on-premises to the Cloud. Users are able to interact in the company’s thwack® online community to solve problems, share technology and best practices and directly participate in the product development process.

Sparta Systems, Inc.

Hamilton, NJ

Sparta Systems, an industry pioneer and global leading provider of enterprise quality management solutions (EQMS), enables businesses to safely and efficiently deliver their products to market. Its TrackWise EQMS, a trusted standard among highly regulated industries, is used by quality, manufacturing and regulatory affairs professionals to manage compliance, reduce risk and improve safety across the global enterprise. Headquartered in Hamilton, N.J. and with locations across Europe and Asia, Sparta Systems maintains an extensive install base in the pharmaceutical and biotechnology, medical device, electronics manufacturing and consumer products markets.

T2 Systems, Inc.

Indianapolis, IN

T2 Systems is the largest parking technology provider in North America, with more than 24 years in the parking management industry and currently serving thousands of parking professionals. T2 integrates the best people, processes and technology for powerful, high performance and secure parking solutions. Its open technology and processes are used to manage more than 200 million parking transactions for over 2 billion dollars annually across all 50 states and ten provinces in Canada. Customers rely on T2 for multi-space pay stations, permit management, enforcement, LPR, PARCS, vehicle counting, citation services and event parking.

TRADER Corporation

Etobicoke, Ontario, Canada

TRADER Corporation is Canada’s largest digital automotive marketplace and provides the most comprehensive set of marketing software solutions to Canadian automotive dealers. Its market leading online properties —™,™ and — bring together Canada’s largest audience of in‐market car shoppers with Canada’s most comprehensive and detailed inventory of new and used vehicle listings. The company also provides its auto dealer customers with software solutions that enable them to make smarter and faster business, inventory and marketing decisions.


Burlington, MA

Veracode is a leading provider of application security testing (AST) software, offering a full suite of AST tools and professional services. The company’s SaaS platform and integrated solutions enable software developers to test development code for security flaws and deficiencies and offer guidance on how to revise code to be more secure, resulting in safer, harder to breach software applications and without sacrificing speed or innovation.