Thoma Bravo Lacks Options with Proofpoint, Apr 28, 2021 Employees are faced with layoffs , years of stalled product innovation and the imposition of cost-saving measures. Save my name, email, and website in this browser for the next time I comment. Gary Steele, chairman and CEO of Proofpoint, said in a press release . Based on prior public filings, the company eliminated approximately 160 positions. I know that my team has be reduced by 70% because everyone left. Thoma Bravo has agreed to take cyber security company Proofpoint private in a $12.3bn deal, as the technology-focused private equity firm continues its push for bigger deals. Looking back on the last two years, it is apparent that cybersecurity is viewed as hot by private equity firms. Episodes feature insights from experts and executives. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Apr 26, 2021 Proofpoint Inc. Secure access to corporate resources and ensure business continuity for your remote workers. Learn about the human side of cybersecurity. We are hiring..no stopping that..lets see what TB says when mgmt meets with them later this week. The acquisition values Proofpoint at $12.3 billion, or ~8.7x 2022 . The Fidelis Elevate platform provides security analytics, and is being marketed as an XDR product. Thoma Bravo's transactions nonetheless embody layoffs (usually 10% or extra of employees) and outsourcing, shifting operations to international locations Thoma Bravo Completes Acquisition of Proofpoint https://www.thomabravo.com/press-releases/thoma-bravo-completes-acquisition-of-proofpoint The pair began to move Dynatrace from selling database. AI-powered phishing: Chatbot hazard or hot air? The cybersecurity company Proofpoint said it has agreed to be acquired by the private -equity firm Thoma Bravo for $12.3 billion in cash, or about $176 a share, up about 34% from Friday's . Richard Stiennon is the author of Security Yearbook 2021: A History and Directory of the IT Security Industry. Proofpoint also disclosed Q1 2021 financial results today. Private equity firm Thoma Bravo has completed its acquisition of Proofpoint (NASDAQ: PFPT) and shares of the cybersecurity company stopped trading on the Nasdaq, effective today. He was a Research VP at Gartner. 2/ That Thoma Bravo is the suitor is likely no coincidence; they're set to also acquire fellow identity security company SailPoint in the second half of 2022.Betting they combine $PING and $SAIL then bring them public as a bigger, stronger business down the road. Did they affect (positively or negatively)your culture or day to day operations? Leading organizations of all sizes, including more than half of the Fortune 1000, rely on Proofpoint for people-centric security and compliance solutions that mitigate their most critical risks across email, the cloud, social media, and the web. Thoma Bravo's deal to take the company. It was formed when Raytheon, the defense contractor, attempted to move into the cybersecurity realm by acquiring Websense. In 2017 it acquired Skyfence, a cloud access security broker (CASB) product from Imperva. Proofpoint appears to be different from the typical PE deal. Can I Be Laid Off While On Workers Compensation? Layoffs are coming(senior leadership across the board is looking for the exit), etc. However, one thing is clear: Changes are yet to come. SUNNYVALE and SAN FRANCISCO, Calif., August 31, 2021 - Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. ("Proofpoint), a leading cybersecurity and compliance company, today announced the completion of Thoma Bravo's acquisition of Proofpoint for approximately $12.3 billion in cash. Marketing is drastically curtailed, with fewer appearances at trade shows and events in general. Its business model seems to be to engage in lawsuits against other security technology companies, forcing them to pay licensing fees. Proofpoint has become the latest sizable tech vendor to succumb to private equity after Thoma Bravo succeeded in its $12.3bn grasp for the infosec giant. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Proofpoints financial condition, results of operations, or liquidity. +1 to the person above who said they actively avoid companies owned by private equity firms. The $800 million second-lien secured term loan is not rated. Did TB make any promises to Proofpoint that they reneged on? Everyone I knew was just recruiting all the time. Overview of Thoma Bravo's Acquisitions All Acquisitions : 63 [View Details] Latest Acquisitions : As of Dec. 31, 2018, Ellie Mae had about 1,570 employees . Medallia, Go to company page All other trademarks contained herein are the property of their respective owners. . It was then called Raytheon|Websense. It had 281 employees at the time, and was down 50 by the close of 2020. Layoffs : Downsizing related discussion, postings, questions and answers. How did they handle unvested stock at acquisition? Small Business Solutions for channel partners and MSPs. Interestingly, Thoma Bravo was allegedly thinking about buying Twitter before Elon Musk announced he would buy it for $44 billion (a deal that Musk has subsequently attempted to back out of). I feel bad for the people. The Rating Outlook is Stable. Dec 6, 2021 Thoma Bravo's deals still involve lay-offs often more than 10 per cent of staff and outsourcing, shifting operations to countries with low Related Thoma Bravo Proofpoint Layoffs July 24, 2022 In "T Layoffs" Thoma Bravo Realpage Layoffs October 1, 2022 In "T Layoffs" Thoma Bravo Layoffs October 12, 2022 In "T Layoffs" But attrition has been all time high, and then they put hiring freeze. Last week, Instructure, home of Canvas LMS, went through a restructuring process which resulted in 100 full-time employees losing their jobs. It's a bad time. Over the past 20 years, the firm has acquired more than 325 companies representing over $100 billion in enterprise value. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results, such as statements about the anticipated benefits of the transaction. Unvested stock turned to restricted cash vesting on the same schedule. Proofpoint Andy MacMillan, CEO, UserTesting, poses for a portrait at the UserTesting headquarters in San Francisco, California on . I think you have got the answer in your other post. Mortgage technology company Ellie Mae, which was recently bought by private equity investor Thoma Bravo, underwent restructuring and reduced its staff by 10%. Proofpoint's board has unanimously approved . Learn about the latest security threats and how to protect your people, data, and brand. Thoma Bravo, a private equity firm, has agreed to purchase Proofpoint for $12.3 billion in the biggest cybersecurity acquisition of all time. Lets see how many more , https://www.crn.com/slide-shows/security/10-things-to-know-about-the-thoma-bravo-proofpoint-deal-and-stock-hike, Apr 26, 2021 The Thoma Bravo Proofpoint deal will be the largest acquisition in cybersecurity history, beating out Broadcoms $10.7 billion purchase of , https://www.spcorders.co.za/gnk/thoma-bravo-proofpoint-layoffs, Thoma Bravo agreed to acquire Proofpoint , a cybersecurity and compliance company, for $12.3bn. Medallia, Go to company page Proofpoint and medallia employees what has been your experience post the Thoma Bravo acquisition? Proofpoint, Inc. investor-relations@proofpoint.com (408) 585-4351 About Thoma Bravo Thoma Bravo is one of the largest private equity firms in the world, with more than $78 billion in. Shareholders are set to get $176 per share in cash, 34 per cent more than Proofpoint's closing share price on 23 April, according to bid details. Anaplan, Go to company page Thoma Bravo, the private equity firm that completed the acquisition in March, had other plans as reported at IBL News on January 26th [emphasis in original]. With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. https://www.teamblind.com/post/Proofpoint-Medallia-outcome-of-Thoma-bravo-purchase-YdfZ7Lkk, Mar 22, 2022 Fortunately, no layoffs , no reduction in force as of now. I recorded them in Security Yearbook 2021. Proofpoint Thoma Bravo is buying out Ping at a value of $28.50 per share, a 63-percent premium from the stocks price prior to the announcement. It will be almost a year the aquisition was declared last April of Proofpoint. post regarding Riverbed , Thoma Bravo is Brutal post regarding Qlik Technologies Inc , My company has been acquired by Thoma Bravo. Thoma Bravo is a private equity firm with a focus on investing in software and technology companies. Thoma Bravo Lacks Options with Proofpoint Security Boulevard, Proofpoint / Medallia outcome of Thoma bravo purchase Blind, The Great Resignation is Increasing the Risk of Data Loss, Email Cybersecurity Firm Abnormal Hits Unicorn Status After , Working at Proofpoint: 51 Reviews | Indeed.com, Cost cutting, layoffs remain leading startup themes TechCrunch, 10 Things To Know About The Thoma Bravo-Proofpoint Deal , Musks Super-Bad Feeling; an Amazon Exec Ships Out, Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. Thanks. That plan was never realistic and likely misstated by company management. Thoma Bravo Completes Acquisition of Proofpoint, Calypso Technology and AxiomSL combine forces under new name: Adenza, PDFTron Acquires PDF-to-Office Innovator Solid Documents. Thoma Bravo, the software-focused buyout firm, agreed to acquire cybersecurity and compliance firm Proofpoint Inc. in a deal it said values the business at about $12.3 billion. For more information, visit thomabravo.com. Should I , RealPage It was great until Thoma Bravo Glassdoor, An inside view of ConnectWises reduction in force : r/msp, An inside view of ConnectWises reduction in force, Insights from Thoma Bravo and Frontline Education for , Proofpoint / Medallia outcome of Thoma bravo purchase Blind, Thoma Bravo Lacks Options with Proofpoint Security Boulevard, Ellie Mae announces layoffs of 10% of its staff HousingWire, Buyout firm Thoma Bravo goes from niche to big league, Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. However, our CEO will be leaving in April 2022 on his own, which is bad for us. More information is available at www.proofpoint.com. Gary Steele, Chairman and CEO of Proofpoint, said, We are excited about this next chapter in our companys journey. We caught up with him ahead of the Channel Partners Conference & Expo and co-located MSP Summit, Nov. 1-4. Implement the very best security and compliance solution for your Microsoft 365 collaboration suite. Thoma Bravo recently acquired Realpage and more than 10% was laid off during the 1st round, a 2nd round just laid off 600 more people. We hit a 150+% bonus payout last year which was pretty nice. Last week, Instructure, home of Canvas LMS, went through a restructuring process which resulted in, Does Thoma Bravo Lay Off People? All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results, such as statements about the anticipated benefits of the transaction. Salespeople have to explain why the new ownership is better all around, while they contend with territories being rejiggered and adjust to new sales leadership. Browse our webinar library to learn about the latest threats, trends and issues in cybersecurity. Last week, Instructure, home of Canvas LMS, went through a restructuring process which resulted in, Does Thoma Bravo Lay Off People? Find the information you're looking for in our library of videos, data sheets, white papers and more. All rights reserved. Raytheon continued acquiring technologies, including both Stonesoft and Sidewinder, network firewalls that ended up in the hands of Intel after they acquired McAfee, which had, in turn, acquired them when they bought Secure Computing. Bonuses will be paid af 100%, Did you guys meet sales target? Thoma Bravo is considered the successor to previously existing firm Golder Thoma & Co. Other executives likely hold a substantial stake in the firm, which maintains $70 billion in assets under management. In the largest-ever private equity investment in cloud software, Thoma Bravo has agreed to acquire Proofpoint for $12.3 billion to boost its cybersecurity profile. Key Strategies for a Secure and Productive Hybrid Workforce, From Vulnerable to Invincible: The Five-Step Journey to Complete Cloud Security, See No Evil Mozilla SLAMS Googles App Privacy Labels, Surprise! April 26 (Reuters) - Private equity firm Thoma Bravo said on Monday it would buy Proofpoint Inc (PFPT.O) in an all-cash deal that valued the cybersecurity firm at about $12.3 billion, at a. The company's key investments include Barracuda Networks and Sophos, among many other firms. Thoma Bravo Lacks Options with Proofpoint Security Boulevard, Does Thoma Bravo Lay Off People? View in Appclose 20 answers No layoffs except ~100 in commercial sales which isnt a priority for TB. I left in a year of joining. Access the full range of Proofpoint support services. Proofpoint, Inc. is a leading cybersecurity and compliance company that protects organizations greatest assets and biggest risks: their people. CEO left because of frustrations with TB folks, talks of cost cuts, not laying off yet, but TB history got former CEO worried. There was a big culture change that did come with a focus on just saving money everywhere. Thoma Bravo has invested in multiple sectors such as Cybersecurity, Banking Tech, GRC Software and more. Youll be emailing , An inside view of ConnectWises reduction in force from msp, But they acquired SolarWinds in 2016 and their acquisition of ConnectWise wasnt until 2019. . We believe that as cyber threats continue to evolve, Proofpoints people-centric security and compliance strategy along with its innovative product suite will allow Proofpoint to drive significant growth and offer protection to even more customers as a private company.. Thoma Bravo has had little trouble finding companies to buy, including ones that are publicly traded. In April, the firm said it would buy Proofpoint Inc. in an all-cash transaction that values . How were *unvested* RSUs handled? Thoma Bravo is a leading private equity firm with a 40-year history, including over $35 billion in investor commitments, and a focus on investing in software and technology companies. Finjan has a storied past. So says Jason Eberhardt, Proofpoint's global vice president, cloud and MSP. So the problems youre seeing in SolarWinds is where Thoma Bravo , Insights from Thoma Bravo and Frontline Education for Instructures Possible Future, Dec 19, 2019 Even beyond Frontline Education, Thoma Bravo is well-known for having layoffs , as seen at Ellie Mae, Riverbed, Qlik, and Imperva. US DoD Server Had no Password 3TB of Sensitive Data Leaked, Cowbell Adds Free Cybersecurity Services for Insurance Policy Holders, Microsoft FAIL: BlackLotus Bootkit Breaks Secure Boot, Organizations Struggle WithCCPA, CPRA, GDPR Compliance, Add your blog to Security Bloggers Network. Terms and conditions In the latest development, private equity giant Thoma Bravo is buying Proofpoint, the SaaS security vendor, for $12.3 billion in cash. All other trademarks contained herein are the property of their respective owners. Meanwhile, the Permira-Mimecast deal is expected to close in the first half of 2022. Were there stocks given?#ellieMae #sophos #medallia #apptus #dynatrace #sirius #vena. Most of our engineering/devOps/implementation teams are already offshore, so lets see what happens. How is proofpoint doing after the acquisition in terms of:CompensationWLBCompany cultureAttritionLayoffsTB leadership and managementDo you guys still fear of layoffs?#tech #software #layoffs #thomabravo#anaplan, Go to company page Proofpoint is a trademark or registered trademark of Proofpoint, Inc. in the U.S. and other countries. Save my name, email, and website in this browser for the next time I comment. SUNNYVALE, Calif. Proofpoint, Inc., a leading cybersecurity and compliance company, today announced that Rmi Thomas has been appointed as chief financial officer, effective immediately. Former Profit 21 (now Epicor) CEO Chuck Boyle said about the firm after his own acquisition, Orlando would help not only at the highest level with strategy but also when we got grunt work done. Boyle is no longer the CEO. With an integrated suite of cloud-based solutions, Proofpoint helps companies around the world stop targeted threats, safeguard their data, and make their users more resilient against cyber attacks. Special Meeting of Stockholders to Vote on Pending Acquisition by Thoma Bravo to be Scheduled for Later DateSUNNYVALE, Calif., June 14, 2021 (GLOBE NEWSWIRE) -- Proofpoint, Inc. (NASDAQ: PFPT), a . While the list of factors presented here is, and the list of factors presented in the proxy statement is, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Anaplan, Go to company page The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. The Thoma Bravo-Proofpoint deal will be the largest acquisition in cybersecurity history, beating out Broadcom's $10.7 billion purchase of Symantec in August 2019, Intel's $7.6 billion buy of . Should I not even entertain the idea of a job offer with them anymore? In a deal described as underlining its status as a powerhouse in the sector, cyber security and compliance company Proofpoint is to be acquired by private equity (PE) firm Thoma Bravo. Any time a private equity firm purchases a company in full, changes may occur. Vista Equity Partners then acquired Websense in 2013 for $906 million. Thoma Bravo said it's buying security software vendor Proofpoint in a deal valued at $12.3 billion. The all-cash deal will take Ping from public to private. As part of its rapid and successful transition to operating as a private company under Thoma Bravo, L.P. ownership, Proofpoint also announced an accelerated plan to hire over 600 people in 2022 . You can see why Thoma Bravo thought Proofpoint was undervalued and worth paying a 60% premium to the market for its shares. The private equity firm has more than $103 billion in assets , https://news.crunchbase.com/cybersecurity/cybersecurity-abnormal-unicorn-proofpoint-insight-partners/, May 10, 2022 equity giant Thoma Bravo bought publicly traded Proofpoint for $12.3 billion. For more information, visit thomabravo.com. Only sales will continue to hire. Proofpoint Announces CFO Transition. A group of private equity firms acquired McAfee's consumer business for $14 billion. Hello to people who were part of the companies that Thoma Bravo acquired. It dropped 100 people after the sale to Symphony; probably attributable to the BSAFE team staying with Dell. Source: been thru this with them before. Mimecast Email Security Business Background, Challenges It also acquired SurfControl and Defensio. Andy Brimmer / Matthew Sherman / Jed Repko, 2023. The announcement of the deal on Monday came four days after Thoma Bravo closed its previous top cloud acquisition the $10.2 billion purchase of RealPage, which serves the real estate industry. I was also worried after reading about Thoma Bravo history with what they did with some of the companies they bought. FEBRUARY 8, 2023 PDFTron Rebrands as Apryse, Reflecting Expanded Product Offerings and Commitment to Innovation. 4 days ago Equity is a TechCrunch podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Thoma Bravo , a private equity firm which took Proofpoint private in a $12.3 for approximately $12.3 billion in cash. They recently started hiring in India, so cheaper labor is the focus which makes sense because PE firms only care for profit. Get deeper insight with on-call, personalized assistance from our expert team. The acquisition was previously announced on April 26, 2021, and Proofpoints stockholders approved the transaction at the Special Meeting of Shareholders held on July 23, 2021. The all-cash deal will take Ping from public to private. Proofpoint, backed by Thoma Bravo, made an offer for Mimecast that was 16% higher than the Permira agreement, but Proofpoint declined the higher offer inquiry amid antitrust concerns, Reuters said. Should I , Thoma Bravo Lacks Options with Proofpoint Security Boulevard, An inside view of ConnectWises reduction in force : r/msp, An inside view of ConnectWises reduction in force, Proofpoint / Medallia outcome of Thoma bravo purchase Blind, Buyout firm Thoma Bravo goes from niche to big league, Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. Fortunately, no layoffs, no reduction in force as of now. The US buyout. About Thoma Bravo. Learn about how we handle data and make commitments to privacy and other regulations. Splunk, Go to company page Some notable deals: Armis, one of the biggest IoT security vendors, had 263 employees when Insight Partners acquired them for a reported $1.1 billion valuation. It just passed the billion-dollar revenue mark in 2020. Proofpoint is a trademark or registered trademark of Proofpoint, Inc. in the U.S. and other countries. 51 reviews from Proofpoint employees about Proofpoint culture, salaries, benefits, work-life balance, management, job security, and more. You have time but change will come within 1-2 years. Gary Steele, Chairman and CEO of Proofpoint, said, We are excited about this next chapter in our companys journey. There were even cuts at the C suite, so I dont think any role is safe post acquisition. Become a channel partner. His clients are vendors, investment firms, and CISOs at large enterprises. The company is well-run, making wise strategic investments in new technologies to stay relevant and growing nicely year over year. Important risk factors that may cause such a difference include, but are not limited to: (i) the impact of the COVID-19 pandemic on Proofpoints business and general economic conditions; (ii) Proofpoints ability to implement its business strategy; (iii) potential litigation relating to the transaction; (iv) the risk that disruptions from the transaction will harm Proofpoints business, including current plans and operations; (v) the ability of Proofpoint to retain and hire key personnel; (vi) potential adverse reactions or changes to business relationships resulting from the completion of the transaction; (vii) legislative, regulatory and economic developments affecting Proofpoints business; (viii) general economic and market developments and conditions; (ix) the evolving legal, regulatory and tax regimes under which Proofpoint operates; and (x) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Proofpoints response to any of the aforementioned factors. It will be almost a year the aquisition was declared last April of Proofpoint. Thoma. Connect with us at events to learn how to protect your people and data from everevolving threats. The cybersecurity and compliance firm Proofpoint has announced that it has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction which values the. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). How did you guys do in terms of sale. How was the transition, where there a lot of layoffs?How did they compensate the employees? Sometimes, CEO and other executive replacements occur. However , https://www.proofpoint.com/us/blog/insider-threat-management/great-resignation-increasing-risk-data-loss-what-you-can-do-stop-it, Jun 28, 2022 And even as employees in the tech sector are affected by recent layoffs , the implication is the same: employee turnover puts sensitive data , https://news.crunchbase.com/cybersecurity/cybersecurity-abnormal-unicorn-proofpoint-insight-partners/, May 10, 2022 Proofpoint was founded as an email security solution, and while it added additional capabilities through the years it was still closely , https://www.indeed.com/cmp/Proofpoint/reviews. It finally ended up as part of a portfolio of products at Trustwave, an MSSP in Chicago. Is the Market for Hardware Security Appliances Doomed? Important risk factors that may cause such a difference include, but are not limited to: (i) the impact of the COVID-19 pandemic on Proofpoints business and general economic conditions; (ii) Proofpoints ability to implement its business strategy; (iii) potential litigation relating to the transaction; (iv) the risk that disruptions from the transaction will harm Proofpoints business, including current plans and operations; (v) the ability of Proofpoint to retain and hire key personnel; (vi) potential adverse reactions or changes to business relationships resulting from the completion of the transaction; (vii) legislative, regulatory and economic developments affecting Proofpoints business; (viii) general economic and market developments and conditions; (ix) the evolving legal, regulatory and tax regimes under which Proofpoint operates; and (x) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Proofpoints response to any of the aforementioned factors. Copyright 2023 Market Realist. Proofpoint. Skyview Capital announced the acquisition of Fidelis in January 2020. In January 2016, the entity was spun off from Raytheon and branded as Forcepoint. Keep your people and their cloud apps secure by eliminating threats, avoiding data loss and mitigating compliance risk. Thoma Bravo has made 63 acquisitions and 72 investments. Still other times, the firm who purchased the company may turn around and sell it again. . The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. In this wide-ranging interview, he also tells editorial director Craig Galbraith about . Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Sitemap, Thoma Bravo Completes Acquisition of Proofpoint. Founded in 1997 in Israel with technology that could be used to counter modern viruses (so-called polymorphic) and DRM technology, it pivoted several times and was ultimately acquired by M86 Security in 2009. SUNNYVALE, Calif. and SAN FRANCISCO Thoma Bravo, a leading software investment firm, and Proofpoint, Inc. ("Proofpoint), a leading cybersecurity and compliance company, today announced the completion of Thoma Bravo's acquisition of Proofpoint for approximately $12.3 billion in cash. Read the release on the PR Newswire website here. Learn about the technology and alliance partners in our Social Media Protection Partner program. Learn about the benefits of becoming a Proofpoint Extraction Partner. I have a job offer at proofpoint and They are saying there wont be layoffs. This list of organizations invested in by Thoma Bravo provides data on their funding history, investment activities, and acquisition trends. Lost some good folk as part of restructuring and some parts of the biz now stretched, but margins are now great and the company has a really positive culture and is growing in the right places. This communication contains forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
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