News
LANDesk Software to be Acquired by Thoma Bravo
August 2010 by Marc Jacob
LANDesk Software announced Thoma Bravo, a private equity investment firm, has entered into a definitive agreement to purchase LANDesk Software from Emerson. The move aims to accelerate LANDesk’s revenue growth and solidify its leadership position in delivering an integrated portfolio for simplifying the management of desktops, servers and mobile devices across the full spectrum of an organization’s IT environment.
Financial details were not disclosed. The acquisition is expected to close by the end of September. At the time of acquisition close, Steve Daly, executive vice president and general manager of LANDesk, will become the CEO of LANDesk.
Headquartered in Salt Lake City, Utah, LANDesk revenue has grown at a compound annual growth rate of 20 percent since 2002. LANDesk currently employs approximately 750 people around the world and has thousands of customers worldwide actively using its solutions.
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm that has been providing equity and strategic support to experienced management teams building growing companies for more than 29 years. The firm originated the concept of industry consolidation investing, which seeks to create value through the strategic use of acquisitions to accelerate business growth. Thoma Bravo applies its investment strategy across multiple industries with a particular focus on the software and services sectors. In the software industry, Thoma Bravo has completed more than 50 acquisitions across 15 platform companies with total annual earnings in excess of $700 million.
