Thoma Bravo LLC said Sept. 24 that it promoted Chip Virnig to partner. Virnig was previously a principal.
Thoma Bravo Announces the Promotion of Chip Virnig to Partner
SAN FRANCISCO, CA – September 24, 2018 – Thoma Bravo, LLC, a leading private equity investment firm, has announced the promotion of Chip Virnig to Partner. He previously served as a Principal at Thoma Bravo.
“We are thrilled to welcome Chip to the partnership of the firm,” said Orlando Bravo, a Managing Partner at Thoma Bravo. “Since joining our team, he has consistently showcased tremendous talent, and keen investment, operating and professional judgement. Chip has established himself as a crucial contributor in growing our infrastructure software practice and played an essential role building our security software franchise. He has been instrumental in the acquisition and development of many of Thoma Bravo’s software portfolio companies including LogRhythm, Barracuda Networks, Kofax, Imprivata, Qlik, SailPoint, Dynatrace, Compuware, Hyland, Mediware, BlueCoat, SonicWall, Tripwire, and Entrust. We look forward to Chip’s continued achievement in his new role as a Partner and contribution to the success of our current and future funds.”
Virnig joined Thoma Bravo in 2008 as an Associate, with previous experience as an analyst at Merrill Lynch. Virnig earned a B.A. from Brown University with dual majors in business economics and commerce, organizations and entrepreneurship.
About Thoma Bravo
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $26 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Representative past and present portfolio companies include industry leaders such as ABC Financial, Blue Coat Systems, Deltek, Digital Insight, Frontline Education, Global Healthcare Exchange, Hyland Software, Imprivata, iPipeline, PowerPlan, Qlik, Riverbed, SailPoint, SolarWinds, SonicWall, Sparta Systems and TravelClick. The firm has offices in San Francisco and Chicago. For more information, visit thomabravo.com.