Thoma Bravo Closes Network Instruments Buy

Thoma Bravo has completed its previoulsy announced deal for a controlling stake in Network Instruments. Financial terms weren’t announced. Minnetonka, Minn.-based Network Instruments provides network and application performance management solutions.


Thoma Bravo, LLC, a leading private equity investment firm, today announced that it has acquired a controlling interest in Network Instruments, LLC, a leading provider of network and application performance management solutions. The transaction provides investment capital and strategic support to expand Network Instruments’ market share and further deliver best-in-class IT performance management solutions to the marketplace.

Network Instruments will continue to operate as an independent entity with the existing management team continuing in their current roles. Terms were not disclosed.

“We’re excited to work with Network Instruments to build upon its already market-leading technology and world-class customer base,” said Thoma Bravo partner Seth Boro. “We believe that Network Instruments is an ideal fit for Thoma Bravo’s investment strategy of accelerating growth through operational best practices and acquisitions,” added Robert Sayle, a principal at Thoma Bravo.

“This partnership puts Network Instruments in a strong position for further growth with additional capital to explore market expansion and acquisitions,” said Douglas Smith, president and co-founder of Network Instruments. “Our customers will continue to experience our high quality products and support as we partner with Thoma Bravo in the next phase of our growth and market leadership.”

Since 1994, Network Instruments has supplied IT teams with high-quality software and hardware platforms to accurately report network and application behavior, resolve IT problems, and optimize performance. Most recently, the company announced 21 percent revenue growth in 2011 over 2010.

About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams building growing companies. The firm has continued to apply the concept of industry consolidation investing, which seeks to create value through the strategic use of acquisitions to accelerate business growth. Thoma Bravo invests across multiple industries, with a particular focus in enterprise and infrastructure software and financial and business services, and works in partnership with management to implement its operating and consolidation expertise to build long-term value. The firm currently manages a series of private equity funds representing almost $4 billion of equity commitments.  In software, Thoma Bravo has completed 52 add-on acquisitions across 23 platform companies with total annual earnings of approximately $1 billion.  For more information, visit

About Network Instruments, LLC
Established in 1994, Network Instruments is an industry leader in application and network management. It provides products that optimize performance and speed problem resolution, helping ensure delivery of critical applications for businesses worldwide. Network Instruments delivers these benefits through a seamlessly integrated line of software and hardware systems that are precision engineered for exact network monitoring and analysis. For more information, visit