Flexera Software, Inc. (formerly Acresso Software, Inc.)
Flexera Software solutions make the business of buying and selling software more profitable, secure and effective and simplify the business relationship between software producers and enterprises. The company’s solutions help software sellers grow recurring revenues and minimize open source risk, and help companies buy only the software and cloud services they need, manage what they have, and reduce compliance and security risk. A Thoma Bravo fund acquired the business unit that is now Flexera from its corporate owner, Macrovision, in 2008 and established the business as an independent entity with its own structure, systems and leadership. With Thoma Bravo’s support, Flexera earnings almost doubled, margins increased about 20% and revenues grew more than 40% over the following three years. Four synegistic acquisitions contributed significantly to this growth and enhanced the Company’s market position and overall product offering. In 2011, Thoma Bravo sold a controlling interest in Flexera to Teachers’ Private Capital, the private investment department of the Ontario Teachers’ Pension Plan. The remaining interest was sold in early 2018 when TA Associates invested in Flexera.