Include:
Tech
Cybersecurity
Business Strategy
Channel Insights
Stay Connected
Acer America
Acer America Corp. is a computer manufacturer of business and consumer PCs, notebooks, ultrabooks, projectors, servers, and storage products.

Location

333 West San Carlos Street
San Jose, California 95110
United States

WWW: acer.com

ChannelPro Network Awards

hello 2
hello 3

Press Releases

September 6, 2018 |

Thoma Bravo to Acquire Majority Interest in Apttus

Thoma Bravo, a leading private equity investment firm, has announced that it has signed a definitive agreement to acquire a majority interest in Apttus, the global Middle Office leader. The transaction is expected to close in early October, subject to usual and customary closing conditions and regulatory approvals.

Thoma Bravo, a leading private equity investment firm, has announced that it has signed a definitive agreement to acquire a majority interest in Apttus, the global Middle Office leader. The transaction is expected to close in early October, subject to usual and customary closing conditions and regulatory approvals.

Apttus’ solutions automate, optimize and apply artificial intelligence to the most important set of business processes for any enterprise – generating revenue and managing key commercial relationships. Apttus provides market-leading Quote-to-Cash, Contract Lifecycle Management, and other Middle Office solutions. Its customers include hundreds of the Global 2000 and is expanding rapidly as enterprises of all sizes are recognizing the importance of Middle Office solutions to their growth and success.

“Apttus was founded to help enterprises manage revenue and commercial relationships, and passionately delivering that value to our customers has made us the de facto selection and industry gold standard for large enterprises,” said†Neehar Giri, Apttus Co-Founder, President and Chief Solutions Architect. “Apttus’ innovation is directly responsible for the creation and advancement of the Middle Office, holistically addressing the space between CRM and ERP for hundreds of customers. Our partnership with Thoma Bravo will allow Apttus to accelerate growth, scale to new heights, and capitalize on an enormous market opportunity.”

Thoma Bravo is a longtime investor in the software sector and differentiates itself within the private equity community by building long-term partnerships with management and creating value by applying operational excellence learned from its unparalleled experience in software investing. Concurrent with the closing of the transaction,†David Murphy, the former President and COO of Blue Coat Systems and a current Thoma Bravo Operating Partner, will join Apttus’ Office of the CEO as Executive Chairman.

“Apttus has created an entirely automated Quote-to-Cash software solution and is the only end-to-end platform provider in the highly strategic Middle Office market,” said†Holden Spaht, a Managing Partner at Thoma Bravo. “Apttus’ platform is the commercial backbone for many of the largest companies in the world and we look forward to taking incremental strides in delivering the best possible customer experience.”

“We are excited to partner with Apttus to continue driving the company’s impressive momentum and accelerating growth,” added†Robert Sayle, a Partner at Thoma Bravo. “Our partnership will provide operational experience and resources that can further enhance the company’s world-class technology, speed to market, and customer support.”

“Apttus was among the first partners that supported the Salesforce ecosystem by building on our platform, and we’re excited to see the growth and success they’ve achieved,” said†Tyler Prince, EVP of Industries and Partners at Salesforce. “The partnership with Thoma Bravo will further enhance the value that Apttus provides to customers as a key member of the Salesforce ecosystem.”

Goldman Sachs & Co. LLC served as the lead financial advisor and Cooley LLP served as legal advisor for Apttus. Kirkland and Ellis LLP served as legal advisor to Thoma Bravo and Deutsche Bank Credit Solutions & Direct Lending is providing financing for the transaction. Financial details of the transaction were not disclosed.


Editor’s Choice

MSP360 Bolsters Managed Backup Solution With Full Sharepoint Backup and Restore, Object Lock, and More

March 25, 2024 |

MSP360 CEO Brian Helwig details the latest improvements in its managed backup solutions and teases some new opportunities down the road for its partners in an exclusive ChannelPro interview.

Peer to Peer: Aurora’s Philip de Souza shares his secrets to creating a successful MSSP

March 19, 2024 | Philip de Souza

“It’s important that we understand when it comes to this whole MSP world that it’s all about the customer.”

Evolving State AI Regulations: Best Practices for Mitigating Risk

March 14, 2024 | Anurag Lal

While AI technologies can unlock tremendous business value, they also have potential risks.


Related News

Growing the MSP

Explore ChannelPro

Events

Reach Our Audience