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Thoma Bravo backs digital forensics firm Grayshift

PeakEquity Partners and C&B Capital will remain shareholders in Grayshift.

  • Grayshift’s flagship technology is GrayKey
  • Morgan Stanley was financial advisor to Grayshift on the transaction
  • Thoma Bravo invests in the software and technology sectors

Thoma Bravo invests in digital forensics firm Grayshift. No financial terms were disclosed.

The company’s digital forensic solutions are designed to empower public safety agencies to resolve lawful investigations swiftly and keep communities safe. GrayKey, the company’s flagship technology, provides the ability to secure evidence from mobile devices in a safe and compliant manner.

On Thoma Bravo’s investment, David Miles, co-founder and CERO of Grayshift, expressed keen enthusiasm. “We’re thrilled to partner with Thoma Bravo, one of the world’s largest and most experienced software investors, as we continue to deliver on our promise of innovation,” he said in a public statement. “Thoma Bravo’s strategic investment and partnership will fuel future growth as we continue to disrupt the legacy digital forensics marketplace and expand our public sector solutions.”

Existing investors PeakEquity Partners and C&B Capital will remain as shareholders in Grayshift. Morgan Stanley is serving as financial advisor to Grayshift while DLA Piper LLP is serving as legal counsel. Kirkland & Ellis, LLP is serving as legal counsel to Thoma Bravo.

According to the private equity firm, Thoma Bravo has more than $114 billion in assets under management as of March 31, 2022.