Thoma Bravo's Behind the Deal

Follow Thoma Bravo's Behind the Deal
Share on
Copy link to clipboard

Thoma Bravo’s Behind the Deal podcast takes you behind the scenes of one of the largest software investors in the world. You'll hear the strategies and stories behind building Thoma Bravo’s portfolio of innovative, industry-leading software and technology companies. Presented by Orlando Bravo, “Wall Street’s best dealmaker” (Forbes), each episode offers a first-person account from the deal leads and CEOs that forged some of the largest software acquisitions at Thoma Bravo to date, and how they partnered together to innovate and grow those companies. Go ‘behind the deal’ to learn how these deals came together, gaining insight on how Thoma Bravo helps great companies do even greater things. Head to www.thomabravo.com/behindthedeal for information on the podcast, show notes, and more.

Thoma Bravo | Pod People


    • Jun 18, 2025 LATEST EPISODE
    • weekly NEW EPISODES
    • 27m AVG DURATION
    • 59 EPISODES


    Search for episodes from Thoma Bravo's Behind the Deal with a specific topic:

    Latest episodes from Thoma Bravo's Behind the Deal

    How Instructure Grew into a Leading EdTech for K-12, Higher Ed, and Professionals

    Play Episode Listen Later Jun 18, 2025 52:20


    Instructure's Canvas, the learning management system used by over 4,000 school districts and 2,500 higher education institutions, became a lifeline during the pandemic. On this episode of Behind the Deal, Thoma Bravo Managing Partner Holden Spaht and Partner Brian Jaffee sit down with Instructure CEO Steve Daly to discuss how they worked together to refocus Instructure to grow into a leading EdTech platform. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Instructure's website: https://www.instructure.com/ To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    Beyond Performance: Building a “10-10” Company Culture with Andre Durand

    Play Episode Listen Later Jun 12, 2025 13:46


    Ping Identity Founder & CEO, Andre Durand, explains that in a 10-10 culture, “the how matters as much as the what.” Over time, through his experience as a multi-time founder, he has come to resonate with one simple cultural north star that he refers to as “10-10” to strike a balance between performance and attitude. In this Beyond the Deal minisode, Andre Durand sits down with Thoma Bravo's Orlando Bravo and Chip Virnig to discuss some of the pivotal moments that shaped his journey as an entrepreneur and what guides his leadership style today. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Ping's website: https://www.pingidentity.com/en.html To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    How Ping Identity Mastered Identity Security for Global Enterprises

    Play Episode Listen Later Jun 5, 2025 56:42


    Ping Identity helps some of the largest enterprises in the world secure the logins of their employees and customers, helping to keep systems secure, prevent fraud, and decrease friction as companies undergo their digital transformation. In this episode of Behind the Deal, Thoma Bravo Founder and Managing Partner, Orlando Bravo, and Partner, Chip Virnig, sit down with Ping Identity Founder & CEO, Andre Durand, to discuss the $2.8 billion take-private transaction and the strategic rationale behind combining Ping with ForgeRock to create a leading identity security platform for some of the world's largest organizations For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Ping's website: https://www.pingidentity.com/en.html To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    How Applitools is Using AI to Improve Speed, Scalability, and Accuracy with Adam Carmi and Alex Berry

    Play Episode Listen Later May 29, 2025 20:02


    In this Beyond the Deal mini-sode, Applitools Co-Founder and CTO, Adam Carmi, and CEO, Alex Berry, speak with Thoma Bravo Partner, Carl Press, about the evolution of Applitools from its early days to a leader in AI-enabled test automation. Adam discusses the initial problem he and co-founder Moshe Milman sought to solve and Alex shares his perspective as CEO and how he embraces the founders' vision. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Applitools's website: https://applitools.com/ To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    How Applitools Uses AI to Revolutionize Test Automation

    Play Episode Listen Later May 22, 2025 41:00


    Hear the story behind Thoma Bravo's investment in Applitools with Partner Carl Press in conversation with Alex Berry, CEO of Applitools, and Adam Carmi, Co-Founder and CTO of Applitools. The company's all-in-one, AI-powered testing platform revolutionizes the way businesses approach quality assurance and test automation. Carl, Alex and Adam discuss the evolution of the business, the market trends driving the adoption of AI in application testing, and why thousands of companies worldwide trust Applitools' technology to elevate their testing processes and improve digital experiences for their customers. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Applitools's website: https://applitools.com/ To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    Beyond the Friend Zone: Building Mailgun into a Leading Technology Company with Will Conway and Josh Odom

    Play Episode Listen Later May 15, 2025 22:12


    In this Beyond the Deal mini-sode, former Mailgun CEO and CTO, Will Conway and Josh Odom, join Thoma Bravo Partner Hudson Smith to share their experiences of leading a growing technology company starting as college friends turned business partners. They highlight the critical role of a strong, supportive team culture, how their friendship strategically plays to their individual talents and strengths, and how that impacted the business.  For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Mailgun's website: https://www.mailgun.com/ To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    How Mailgun Quickly Evolved into a Leading Email API Provider

    Play Episode Listen Later May 8, 2025 52:56


    Mailgun enables over 150,000 companies to send, track, test, and optimize more than 250 billion emails per year effortlessly for marketing and business communication to their customers. Thoma Bravo Partner Hudson Smith sits down on Behind the Deal with former Mailgun CEO Will Conway and CTO Josh Odom as they dive into Mailgun's journey from a spin out from Rackspace to a leading email delivery service for businesses around the world. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Maligun's website: https://www.mailgun.com/ To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    How Innovation is Driving the Future of Cybersecurity

    Play Episode Listen Later May 1, 2025 37:55


    In a special episode of Behind the Deal live from Miami at Thoma Bravo's Annual Meeting in March 2025, Thoma Bravo Managing Partner Seth Boro welcomes two prominent leaders in the cybersecurity industry: Jill Popelka, CEO of Darktrace, and Joe Levy, CEO of Sophos. Cybersecurity has been a focus of Thoma Bravo's investment strategy since 2008, driven by the growing complexities of an increasingly digital world. Jill Popelka shares a perspective on Darktrace's pioneering use of AI in cybersecurity and the evolution of AI-driven software. Joe Levy of Sophos provides insights on scaling cybersecurity solutions and the future of the industry. Together, the leaders shared insights on how their companies are leading the cyber industry to protect their customers from advanced zero-day cyber threats. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    Beyond Leadership: Career Lessons from Chess with Todd Dauchy and Adam Solomon

    Play Episode Listen Later Apr 24, 2025 13:43


    In this Beyond the Deal mini-sode, Todd Dauchy, CEO of SMA Technologies, speaks with Thoma Bravo Partner, Adam Solomon, about how he's navigated his career with the lessons he learned from chess. He also details his focus on strategic thinking, anticipating future trends in the market, and building strong interpersonal relationships within the company.  For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit SMA Technologies's website: https://smatechnologies.com/ To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    ceo chess thoma bravo career lessons beyond leadership adam solomon
    How SMA Technologies Uses Automation to Accelerate Digital Transformation at Financial Institutions

    Play Episode Listen Later Apr 17, 2025 29:31


    Hear the story behind Thoma Bravo's acquisition of SMA Technologies with Thoma Bravo Partner Adam Solomon and CEO of SMA Technologies, Todd Dauchy. SMA Technologies provides workload automation and orchestration software solutions for banks, credit unions, and other financial services businesses. Adam and Todd discuss how they transformed a “sleepy” business into a high-performing company by focusing on people, customers, and their flagship product to achieve growth while boosting profitability. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit SMA Technologies's website: https://smatechnologies.com/ To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    How Bluesight and Thoma Bravo Turned Vision Into Value - Featured from Best But Never Final

    Play Episode Listen Later Apr 10, 2025 50:30


    In this featured episode, we're excited to share a conversation from Best But Never Final, featuring Thoma Bravo Partner Carl Press and Kevin MacDonald, CEO of Thoma Bravo portfolio company Bluesight. Listen to them share a behind-the-scenes look at scaling a software company from a bootstrap startup to a private equity-backed category leader. They discuss the importance of alignment between CEOs and private equity partners, integrating acquisitions, and managing growth with clarity and focus. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Learn more about Bluesight: https://bluesight.com/ Listen to Best But Never Final: https://bestbutneverfinal.buzzsprout.com To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    Beyond Trust: Building the Cultural Fabric at EQS Group with Achim Weick and Irina Hemmers

    Play Episode Listen Later Apr 3, 2025 20:07


    In this Beyond the Deal mini-sode, Thoma Bravo Partner Irina Hemmers and EQS Group Founder and CEO Achim Weick discuss the crucial role of culture in EQS Group's journey.  Achim shares his experience founding a company culture centered on trust. Hear how his focus has driven EQS Group's success as a leading European software company and some lessons he's learned along the way. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit EQS Group's website: https://www.eqs.com/ To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    How EQS Group's Digital Solutions Create Trusted Companies in Europe and Beyond

    Play Episode Listen Later Mar 27, 2025 39:31


    Hear Thoma Bravo Partner Irina Hemmers and Achim Weick, Founder and CEO of EQS Group, dive into the details behind the acquisition of EQS Group. In this episode, they discuss EQS Group's journey of becoming a leading GRC (Governance, Risk, and Compliance) software provider. Achim Weick shares his story of founding the company, why EQS Group chose private equity after 20 years, and how EQS Group is helping its customers find solutions for key regulations. Irina and Achim explain how Thoma Bravo and EQS Group aligned in their vision to scale the business into a global industry leader. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit EQS Group's website: https://www.eqs.com/ To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    Beyond Hurdles: Navigating Career Challenges and Driving Growth with Fran Rosch and Scott Crabill

    Play Episode Listen Later Mar 20, 2025 11:07


    Fran Rosch, CEO of Imprivata, joins Managing Partner Scott Crabill on this Beyond the Deal mini-sode to discuss his career journey and leadership philosophy. Rosch shares his belief in open communication, setting ambitious goals, and the importance of continuous learning. He also provides advice on navigating career challenges and emphasizes the significance of having the right people to drive results and achieve success. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Imprivata's website: https://www.imprivata.com/  To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    How Imprivata is Redefining Healthcare Security

    Play Episode Listen Later Mar 13, 2025 39:40


    In this episode of Behind the Deal, Imprivata CEO Fran Rosch shares how the company is revolutionizing access to critical healthcare systems with its cutting-edge security solutions. As a leader in cybersecurity for hospitals and health systems, Imprivata specializes in Access Management for shared device ecosystems, as well as streamlining and securing access for professionals in critical environments (like Healthcare). Thoma Bravo Managing Partner Scott Crabill and Imprivata CEO Fran Rosch delve into the challenges in the cybersecurity space, future milestones Imprivata has its eyes on, and its mission to enhance protection for its customers worldwide — making access to critical information simple, secure, and seamless. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Imprivata's website: https://www.imprivata.com/  To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    How CEO Leagh Turner Fostered Trust and Teamwork to Drive Coupa's Growth

    Play Episode Listen Later Mar 6, 2025 15:58


    In this Beyond the Deal mini-sode, Thoma Bravo Managing Partner Holden Spaht sits down with Coupa CEO Leagh Turner to discuss her career journey and the significance of mentorship. They also delve into the future of AI and its implications for businesses. Learn about Coupa's approach to AI governance, aiming to ensure it is utilized safely and responsibly to establish a new industry standard. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Coupa's website: https://www.coupa.com/ To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    How Coupa is Utilizing AI to Revolutionize Business Spend Management

    Play Episode Listen Later Feb 27, 2025 34:27


    Coupa has helped businesses better manage direct and indirect spend through its community-generated AI and industry-leading total spend management platform for almost 20 years. Coupa AI is informed by over $7 trillion of spend data across a global network of 10 million+ suppliers and buyers. Coupa aims to empower its customers with the ability to predict, prescribe, and automate smarter, more profitable business decisions to help companies improve operating margins. Thoma Bravo Managing Partner Holden Spaht speaks with Leagh Turner, CEO at Coupa, about the company's journey and how Coupa helps simplify spending for customers of all sizes. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Coupa's website: https://www.coupa.com/ To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    Beyond Transformation: Growth, Leadership and Innovation at HCSS with A.J. Rohde, George Jaber, and Steve McGough

    Play Episode Listen Later Feb 20, 2025 18:58


    In this Beyond the Deal mini-sode, Thoma Bravo Senior Partner A.J. Rohde and Principal George Jaber discuss with HCSS President and CEO Steve McGough the company's strong employee relationships, the true essence of leadership, the core values he took with him from his time at Texas A&M, and how the impact of treating every customer with care and respect has led them to build a reputation for award-winning service. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit HCSS's website: https://www.hcss.com/ To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    How HCSS is a Leader in the Construction Industry's Digital Transformation

    Play Episode Listen Later Feb 13, 2025 40:33


    For nearly 40 years, HCSS has been a driving force in construction software, helping companies streamline operations and achieve success. In this episode of Behind the Deal, Thoma Bravo's A.J. Rohde and George Jaber sit down with HCSS President and CEO Steve McGough to explore the company's journey—from its beginnings in the late ‘80s to creating HeavyBid, an industry-leading estimating software for heavy civil contractors. They also discuss how HCSS is preparing for the future, positioning itself as a leader in the construction industry's digital transformation. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit HCSS's website: https://www.hcss.com/ To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    Beyond Qlik's AI Revolution: A Conversation with Seth Boro and Mike Capone

    Play Episode Listen Later Feb 6, 2025 18:07


    In this Beyond the Deal mini-sode, Thoma Bravo Managing Partner Seth Boro and Qlik CEO Mike Capone discuss Qlik's growth since its 2018 acquisition by Thoma Bravo, including its global expansion from Sweden, how the company stays ahead of AI's rapid evolution to drive ongoing business transformation and how Mike's leadership style of “leading from the front” has helped Qlik cultivate a culture that employees deeply cherish. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Qlik's website: https://www.qlik.com/us To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    How Qlik is Transforming Companies with AI-Powered Solutions

    Play Episode Listen Later Jan 30, 2025 32:51


    Season three of Thoma Bravo's award-winning podcast kicks off with a conversation between Thoma Bravo Managing Partner Seth Boro & Mike Capone, CEO of Qlik. Together, they explore Qlik's growth from a visual analytics company to an industry leader in data integration, analytics, and AI solutions for businesses. Listen as they explore Qlik's differentiated vision for end-to-end AI driven solutions and how its partnership with Thoma Bravo is transforming the way companies harness their data to redefine success.  For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Qlik's website: https://www.qlik.com/us To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    Behind the Deal Returns for Season 3

    Play Episode Listen Later Jan 29, 2025 2:19


    We're back with season 3 of Thoma Bravo's Behind the Deal! Our chart-topping and award-winning podcast offers a glimpse into the world of the largest tech-focused buyout firm. This season, hear CEOs from Qlik, HCSS, Coupa, and more share untold stories of some of Thoma Bravo's biggest and most dynamic acquisitions. New episodes drop every Thursday!  For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

    How AI is Fueling Software's Growth - Live from Miami

    Play Episode Listen Later Apr 25, 2024 47:01


    In a special episode of Behind the Deal live from Thoma Bravo's Annual Meeting in March 2024, Managing Partner Seth Boro welcomes Sumit Dhawan, CEO at Proofpoint, Mike Capone, CEO at Qlik, and Charlie Gottdiener, CEO at Anaplan, to the stage to discuss how their companies are leveraging the power of artificial intelligence. The CEOs share perspectives on generative AI and its impact on cybersecurity, what AI means for the future of IP and how businesses can channel AI into actionable solutions for their customers. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Learn more about Proofpoint: https://www.proofpoint.com/us Learn more about Qlik: https://www.qlik.com/us Learn more about Anaplan: https://www.anaplan.com/

    Beyond the Partnership Between Carl Thoma and Orlando Bravo

    Play Episode Listen Later Apr 18, 2024 7:42


    In this special Beyond the Deal mini-sode, Thoma Bravo Co-Founders and Managing Partners Carl Thoma and Orlando Bravo go beyond their long, storied and industry-shaping partnership to discuss the importance of fostering relationships, focusing on performance and staying humble while building a successful firm. Carl also shares his insights on the value of finding the right mentor and discusses one of the proudest moments of his life. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/

    How Carl Thoma and Orlando Bravo Built the Largest Tech Buyout Firm

    Play Episode Listen Later Apr 11, 2024 37:53


    On the season finale of Behind the Deal, Co-Founders and Managing Partners Orlando Bravo and Carl Thoma sit down to discuss how they built Thoma Bravo into the world's largest tech-focused buyout firm. Orlando interviews his mentor, Carl, to get his perspective on the evolution of private equity over his nearly 50-year career in the industry. The Co-Founders discuss their partnership and relive the moments, strategies, successes (and a few failures) that made their firm and their relationship one of the best deals both have ever done. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/

    Beyond the SailPoint Partnership with Seth Boro, Mark McClain and Matt Mills

    Play Episode Listen Later Apr 4, 2024 13:31


    In this Beyond the Deal mini-sode, Thoma Bravo Managing Partner Seth Boro sits down with SailPoint's CEO and Founder Mark McClain and President of Worldwide Field Operations Matt Mills to talk about the effects of AI on identity security, being acquired by Thoma Bravo not once but twice, and what it was like to ring the opening bell at the New York Stock Exchange. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit SailPoint's website: https://www.sailpoint.com/

    Revisiting How Thoma Bravo Took Sailpoint Public and Then Private Again

    Play Episode Listen Later Mar 28, 2024 30:16


    SailPoint Co-Founder and CEO Mark McClain speaks with Thoma Bravo Managing Partner Seth Boro about forging a relationship that led to Thoma Bravo's first ever IPO of a portfolio company, and then a second acquisition of SailPoint just a few years later. The conversation covers the cutting edge work SailPoint is doing in identity security, as well as the inside experience of partnering with a Private Equity firm. Behind the Deal is rereleasing this favorite from the archives alongside a brand new episode of Beyond the Deal next week with Mark, Seth, and SailPoint's President of Worldwide Field Operations Matt Mills. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit SailPoint's website: https://www.sailpoint.com/

    Beyond the Bottomline Partnership with Brian Jaffee and Craig Saks

    Play Episode Listen Later Mar 21, 2024 8:15


    In this Beyond the Deal mini-sode, Thoma Bravo Partner Brian Jaffee sits down with Bottomline CEO Craig Saks to talk about resiliency, the importance of bringing diverse voices into the room, and the surprising things you learn as a South African running an American company (besides just which side of the road to drive on). For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Bottomline's website: https://www.bottomline.com/us

    How a Take-Private is Empowering Bottomline to Further Revolutionize B2B Payments

    Play Episode Listen Later Mar 14, 2024 35:17


    Thoma Bravo Partner Brian Jaffee takes listeners inside the years of waiting and watching that eventually turned into a quick make-or-break opportunity to acquire Bottomline. With thirty years of history, a management shakeup, activist investors and plenty of competition, the Bottomline take-private wasn't easy but it was worth the work. Brian is joined by Bottomline CEO Craig Saks who talks about his unique experience transitioning to CEO, the importance of optimizing cash flow, where the fintech world is headed, and how eliminating paper checks can lead to higher GDP. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Bottomline's website: https://www.bottomline.com/us

    Beyond the Foundation Software Partnership with Carl Press and Mike Ode

    Play Episode Listen Later Mar 7, 2024 9:59


    In this Beyond the Deal mini-sode, Thoma Bravo Partner Carl Press sits down with Foundation Software President and CEO Mike Ode to talk about mentorship, the importance of asking questions, and how some of the best deals get done at times when you least expect it. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Foundation Software's website: https://www.foundationsoft.com/

    How Thoma Bravo Took Foundation Software From a Family-Run Business to Private Equity-Owned

    Play Episode Listen Later Feb 29, 2024 34:52


    Thoma Bravo Partner Carl Press takes listeners behind the deal with Foundation Software, a leader in the world of construction subcontracting software. Family-owned and operated for over thirty years, Foundation decided to partner with Thoma Bravo in 2020 after many offers from investor groups, becoming the firm's first fully remote deal. Carl is joined by Foundation Software President and CEO Mike Ode to talk about partnering with private equity, the construction industry's digital transformation and what that means for the future of the business. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Foundation's website: https://www.foundationsoft.com/

    Beyond the Raptor Technologies Partnership with Adam Solomon and Gray Hall

    Play Episode Listen Later Feb 22, 2024 7:34


    In this Beyond the Deal mini-sode, Thoma Bravo partner Adam Solomon sits down with Raptor CEO Gray Hall to talk about the most rewarding parts of being a CEO, how to craft a leadership style employees (and customers) will want to follow, and the personal side of running a business that keeps kids safe at school. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Raptor's website: https://raptortech.com/

    How Raptor Technologies Transforms School Safety Through Software

    Play Episode Listen Later Feb 15, 2024 36:40


    Thoma Bravo Partner Adam Solomon walks listeners through the challenges of landing a transatlantic deal with Raptor Technologies, a cutting-edge school safety software company, at a time when schools were shut down all over the world due to COVID. Adam is joined by Raptor CEO Gray Hall, and together they discuss the importance of alignment on company culture, organic vs. inorganic growth, and the power of supercharging results with a mission-driven approach. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Raptor's website: https://raptortech.com/

    Beyond the Nasdaq Partnership with Holden Spaht and Adena Friedman

    Play Episode Listen Later Feb 8, 2024 7:03


    In this Beyond the Deal mini-sode, Nasdaq Chair and CEO Adena Friedman and Thoma Bravo Managing Partner and Nasdaq Board Member Holden Spaht discuss Adena's thirty-year career at Nasdaq, how changing jobs can develop your management style, and how you can literally look for luck in the world around you. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Nasdaq's website: https://www.nasdaq.com/

    How Nasdaq's Acquisition of Adenza is Disrupting Fintech and Modernizing Markets

    Play Episode Listen Later Feb 1, 2024 41:41


    Thoma Bravo Managing Partner Holden Spaht and Nasdaq's Chair and CEO Adena Friedman take listeners behind Nasdaq's multi-billion dollar acquisition of Adenza, a provider of mission-critical risk management and regulatory software to the financial services industry. Holden shares Thoma Bravo's approach to building Adenza by merging and integrating two market leaders, Calypso Technology and AxiomSL, at the height of the pandemic.  Holden and Adena also discuss how the acquisition of Adenza is positioned to accelerate Nasdaq's transformation and strategic vision to become the trusted fabric of the world's financial system. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Nasdaq's website: https://www.nasdaq.com/

    Beyond the Dynatrace Partnership with Chip Virnig and John Van Siclen

    Play Episode Listen Later Jan 25, 2024 8:25


    In this Beyond the Deal mini-sode, Thoma Bravo Partner Chip Virnig and former CEO of Dynatrace John Van Siclen talk about some of the more rewarding challenges they've faced, the long steady process of learning patience, the excitement that comes with an IPO, and how to know when it's time to step away. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Dynatrace's website: https://www.dynatrace.com/

    How a Complex Carveout Led to Dynatrace Disrupting Itself and Then an Entire Industry

    Play Episode Listen Later Jan 18, 2024 43:35


    Thoma Bravo Partner Chip Virnig goes behind the deal with Dynatrace: how it started, the complexities of the transaction, and the areas of value creation the Thoma Bravo team focused on throughout the partnership. From the initial carve-out to an IPO that saw Thoma Bravo's team ringing the bell at the New York Stock Exchange, the Dynatrace deal was never easy. Joining Chip in the studio, former Dynatrace CEO John Van Siclen gives his perspective on the growth in enterprise software as a 40-year industry veteran. Dynatrace first stood out as a leader in SaaS when the Thoma Bravo team realized the massive potential of cloud infrastructure, and successfully predicted an industry-wide disruptive shift in that direction. The acquisition became a fascinating case study, borrowing multiple strategies from the Thoma Bravo playbook - such as operational improvements on day one, backing existing management, and transforming the business to a SaaS-based model -  and deploying them all on the same deal. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Dynatrace's website: https://www.dynatrace.com/

    Beyond the Alma Deal with Ross Devor and Dr. Harry Ritter

    Play Episode Listen Later Jan 11, 2024 6:55


    In this Beyond the Deal mini-sode, Thoma Bravo Partner Ross Devor and Alma founder and CEO Dr. Harry Ritter discuss the glaring need for quality, affordable mental healthcare, learning to enjoy the journey while building a business, and the pros and cons of being a “renaissance man.” For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Alma's website: https://www.helloalma.com/

    How Thoma Bravo Partnered with Alma to Provide Accessible Mental Health Care Solutions Across the U.S.

    Play Episode Listen Later Jan 4, 2024 46:50


    Ross Devor, a partner at Thoma Bravo and co-head of the firm's Growth platform, discusses collaborating with Alma's management team to improve their technology roadmap and connect their platform with therapists across all fifty states. Despite a market meltdown, Thoma Bravo saw an exciting opportunity to be a part of behavioral health care's digital transformation and to guide Alma on crossing the path to profitability. Alma is a platform that improves access to quality, affordable mental health care by giving providers the tools they need to build thriving in-network private practices. In this episode, Ross sits down with Alma CEO Dr. Harry Ritter to discuss the importance of a robust management structure, a focus on responsible growth, and having values that align with your business partners. The two also discuss their own mental health journeys, and how investing in people's mental wellbeing — and your own — might now be more important than ever. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Alma's website: https://www.helloalma.com/

    Beyond the Flexera Partnership with Seth Boro and Jim Ryan

    Play Episode Listen Later Dec 21, 2023 6:56


    In this Beyond the Deal mini-sode, Thoma Bravo Managing Partner Seth Boro and Flexera President and CEO Jim Ryan discuss stepping into the big role as chief executive, share memories from one of their beloved mentors, and deliberate about what they would've done if technology wasn't their calling. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Flexera's website: https://www.flexera.com/

    How the Flexera Carve-Out Revolutionized IT Management

    Play Episode Listen Later Dec 14, 2023 37:25


    Thoma Bravo Managing Partner Seth Boro gives an inside look at how the firm can hit the ground running after a platform carve-out investment. Thoma Bravo helped build out Flexera back in 2008, exited in 2011, and is now back for more with a controlling stake as of 2020.  Flexera is a company that provides customers with the ability to map their IT spend to better optimize their IT estate. In this episode, Thoma Bravo Managing Partner Seth Boro sits down with Flexera CEO Jim Ryan to talk through the initial carveout, surviving the Great Recession of 2008, and where Flexera goes from here. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit Flexera's website: https://www.flexera.com/

    Beyond the ConnectWise Transformation with Mike Hoffmann and Jason Magee

    Play Episode Listen Later Dec 7, 2023 7:42


    In this Beyond the Deal mini-sode, Thoma Bravo Partner Mike Hoffmann and ConnectWise CEO Jason Magee sit down, and go beyond their business partnership. They chat about their top business role models, their first jobs, and what they're reading. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit ConnectWise's website: https://www.connectwise.com/

    How Thoma Bravo Partnered with Founder-Led ConnectWise to Transform the MSP Industry

    Play Episode Listen Later Nov 30, 2023 37:47


    ConnectWise is an industry-leading robust platform of software built for technology solutions providers (TSPs) to run their entire as-a-service business. Their solutions help managed service providers (MSPs) outsource their help desk, billing, and other IT services to small and medium-sized businesses so that they can focus on their products, not IT problems. Thoma Bravo Partner Mike Hoffmann sits down with ConnectWise CEO Jason Magee to discuss their partnership and the importance of a shared vision when taking a founder-led business to the next level. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit ConnectWise's website: https://www.connectwise.com/

    Beyond the J.D. Power Transformation, with Scott Crabill and David Habiger

    Play Episode Listen Later Nov 22, 2023 7:10


    In this Beyond the Deal mini-sode, Thoma Bravo Managing Partner Scott Crabill and J.D. Power President and CEO David Habiger's conversation goes deeper than just their business partnership. The two give insight into their career paths, what failure has taught them, and where they might be today if they weren't in business together. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit J.D. Power's website: https://www.jdpower.com/

    How J.D. Power Uses Data to Drive the Auto Industry Forward

    Play Episode Listen Later Nov 16, 2023 39:50


    J.D. Power has nearly 80% name recognition for its awards, but its data business is the real hidden gem. In this episode, Thoma Bravo Managing Partner Scott Crabill sits down with J.D. Power's CEO David Habiger to discuss how the company is bringing together the fragmented auto industry, and how Thoma Bravo has partnered with J.D. Power on acquisition strategy, merging two world-class companies, and flattening organizational structure.  The conversation then broadens to include what it was like to navigate a merger during a global pandemic and how to put the right people in the right leadership positions. You'll also hear insights on the latest auto trends, including electric and autonomous vehicles, connected cars, and shifting retail models. For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedeal Learn more about Thoma Bravo: https://www.thomabravo.com/ Visit J.D. Power's website: https://www.jdpower.com/

    Beyond the Syntellis Carve Out, with A.J. Rohde and Flint Brenton

    Play Episode Listen Later Nov 9, 2023 6:18


    In this Beyond the Deal mini-sode, Thoma Bravo Senior Partner A.J. Rohde and Syntellis CEO Flint Brenton's conversation continues outside the bounds of their partnership. The two discuss tough customer calls, their favorite software sectors, and who they're rooting for this season in the NBA.

    How Syntellis Grew from a Software Carveout to a Successful Standalone Company

    Play Episode Listen Later Nov 2, 2023 37:43


    In the Season Two premiere, a behind-the-scenes journey with Thoma Bravo Senior Partner A.J. Rohde to discuss our deal to acquire and carve out Syntellis, a performance management software business, from its parent company, Kaufman Hall Software. By partnering with Madison Dearborn, Thoma Bravo crafted a strategic business plan to carve out Syntellis into a standalone company. A.J. speaks with Syntellis CEO Flint Brenton, a five-time successful software CEO, about how Flint ultimately became the leader of Syntellis after a breakfast meetup in a small Californian diner, and how their shared Midwestern sensibility has led to a successful partnership, ultimately selling Syntellis to Roper Technologies in 2023. This episode underlines the significance of forming strategic partnerships, fostering a robust company culture, and even picking the right headquarters in the middle of the Covid pandemic.

    Behind the Deal is Back for Season 2

    Play Episode Listen Later Nov 2, 2023 2:08


    For even more inside looks at some of the firm's biggest deals, Thoma Bravo's Behind the Deal returns for Season 2. This season, Thoma Bravo partners will sit down with portfolio company CEOs from acquisitions like J.D. Power, ConnectWise, and Syntellis to give a behind the scenes look at some of the carve outs, acquisitions and mergers that have helped make Thoma Bravo the world's largest tech-buyout firm.

    How Orlando Bravo Helped Build the World's Largest Software Buyout Firm

    Play Episode Listen Later Jul 13, 2023 36:34


    In the Season One finale of Thoma Bravo's Behind The Deal, Thoma Bravo Partner Andrew Almeida connects with Thoma Bravo Founder and Managing Partner Orlando Bravo who shares his stories of success and trial and error in building Thoma Bravo. In the interview, Andrew helps listeners get to know Orlando beyond the dealmaking, as he shares inspiring stories about his mentors Carl Thoma and Marcel Bernard, tactics for staying positive and pragmatic in the face of problems, and how he applies the lessons from being a parent to his professional career.

    How AppOmni Seized the SaaS Security Market Opportunity

    Play Episode Listen Later Jun 29, 2023 29:50


    AppOmni is a leader in securing SaaS applications. In this episode, Thoma Bravo Partner Tre Sayle talks with AppOmni Co-founder and CEO Brendan O'Connor about how AppOmni has tripled in size in the year since their partnership with the Thoma Bravo Growth team began.

    How a Merger Helped Veriforce Grow to Five Times Its Size

    Play Episode Listen Later Jun 15, 2023 27:55


    Veriforce is a global provider of contract management software for industrial markets. In this episode, Thoma Bravo Partner Hudson Smith speaks with Veriforce CEO Colby Lane about how Veriforce expanded to almost five times its original size in under five years by an acquisition process that brought Veriforce together with PEC Safety.

    Claim Thoma Bravo's Behind the Deal

    In order to claim this podcast we'll send an email to with a verification link. Simply click the link and you will be able to edit tags, request a refresh, and other features to take control of your podcast page!

    Claim Cancel