Buyout shop Thoma Bravo has completed its take-private acquisition of InfoVista, the firm announced Thursday. InfoVista is a provider of service performance assurance software for IP-based network and application services. In December, Thoma Bravo took control of the company, buying a a 67.26% stake from sellers including Emancipation Capital LLC, Odyssee Venture and ESW.
Thoma Bravo, LLC, a leading private equity investment firm, has completed the take-private acquisition of InfoVista, a global leader of service performance assurance. Subsequent to acquiring a controlling interest in December 2011, Thoma Bravo launched a 20-trading day tender offer window for remaining shares from February 20th to March 16th at a price of €3.65 per share. Following the close of the window, Thoma Bravo successfully reached the squeeze out threshold with the minority shareholders of InfoVista owning less than 5 percent. Thoma Bravo requested a squeeze-out procedure to the AMF, and Euronext Paris announced the effective delisting of InfoVista shares on March, 23 2012, effectively concluding the take-private process for InfoVista.
“Thoma Bravo is eager to work with existing management of InfoVista to position the company for further growth and strengthened global leadership in the service performance assurance solutions industry,” said Thoma Bravo principal Robert Sayle. “As a strategic partner, we are confident our approach and experience in identifying strategic and organic opportunities will establish a platform for the company’s continued success.”
“We are exited to partner with Thoma Bravo to propel the company forward as a leader in the service performance assurance industry,” said Philippe Ozanian, chief executive officer of InfoVista. “Our customers will continue to receive the same experience they’ve grown accustomed to and can expect a renewed focus to enhance our suite of solutions now as a private company.”
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 47 add-on acquisitions across 21 platform companies with total annual earnings of approximately $1 billion. For more information, visit www.thomabravo.com.
InfoVista is the leading provider of service performance assurance software solutions for IP-based network and application services. We empower communication service providers and large IT enterprise organizations to transform their IT infrastructure into a distinctive asset for revenue generation, customer loyalty and business agility by adopting a quality centric approach to expedite the launch of innovative, differentiated and performing services ahead of the competition. InfoVista’s unified network performance management and application performance management platform equips 80% of the world’s largest operators and a roster of global enterprises with the actionable visibility they need to ensure a high-quality user experience end-to-end, by holistically and effectively assuring the performance and quality of their converged network and IT services, while keeping operational costs as low as possible.