Sirius Computer Solutions, Inc.
San Antonio, TX
Sirius is a national integrator of technology-based business solutions that span the enterprise, including data center and business operations. The company provides a wide variety of products and services from the world’s top technology companies, making it the leading value-added reseller (VAR) in the U.S. and IBM’s largest Solution Provider. Thoma Bravo helped the company diversify its revenue stream and dramatically expand its product line and geographic market through acquisitions and strategic initiatives. Five acquisitions added almost one-half billion dollars of revenue to the business and supported the diversification strategy, while continued investment in sales capability strengthened the company’s competitive position even during a major recession. During Thoma Bravo ownership, revenues increased from just over $600 million annually to about $1.6 billion, profitability almost tripled and the number of employees grew more than three-fold. In 2015, Sirius was sold to private equity firm Kelso & Company. Proceeds from the sale and prior distributions from Sirius resulted in a gross return of about 4.7 times on the Thoma Bravo investment.