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Personal fairness agency Thoma Bravo has acquired a stake in monetary companies automation firm SMA Technologies — although proportion possession particulars and greenback figures weren’t disclosed.
That is know-how M&A deal quantity 873 that ChannelE2E has coated thus far in 2022. See more than 2,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
SMA Applied sciences: Workload Automation Software program Capabilities
SMA Applied sciences, based in 1980, relies in Houston, Texas. The corporate has 139 workers listed on LinkedIn.
SMA develops OpCon, an Enterprise Workload Automation platform for monetary companies corporations, banks, insurers, credit score unions and retailers. The workload automation and orchestration software program can “eradicate handbook duties and handle workloads throughout business-critical operations.” The software program works with quite a few third-party cloud, virtualization, database administration, ERP, id administration, IT service administration (ITSM) and working system platforms.
Apart from software program, SMA additionally gives automation consulting and managed automation services.
We don’t know if SMA one way or the other plans to compete towards ServiceNow’s workflow automation or third-party Robotic Course of Automation (RPA) software program.
SMA Applied sciences’ earlier majority investor, ParkerGale Capital, will retain a minority stake within the software program enterprise, the events stated. When ParkerGale acquired the SMA stake in September 2020, the software program firm had 600 clients throughout 27 nations and territories. Quick ahead to October 2022, and ChannelE2E doesn’t know know if that put in base has modified considerably
The Thoma Bravo funding is “anticipated to allow SMA to considerably increase its providing of automation options for its purchasers whereas accelerating development geographically and into tangential industries over time,” the personal fairness agency stated.
Thoma Bravo Invests In SMA Applied sciences: Government Views
In a ready assertion concerning the Thoma Bravo-SMA deal, SMA CEO Todd Dauchy stated:
“SMA has been a pioneer within the workload automation house for over 4 a long time and we’re thrilled to proceed our journey with Thoma Bravo. With Thoma Bravo’s operational experience and monetary sources, we might be higher positioned to drive international development whereas persevering with to offer our purchasers and their workers with seamless options to automate processes, purposes and workflows.”
Added Adam Solomon, a accomplice at Thoma Bravo:
“Because the more and more digital office multiplies IT workloads, SMA is mission-critical to serving to enterprises easily handle at present’s complicated IT setting. Todd and the SMA staff have constructed distinctive belief by constantly delivering merchandise and options that meet purchasers’ ever-changing enterprise wants and priorities. We’re excited to accomplice with an organization that values innovation and operational excellence in addition to sturdy relationships with its purchasers.”
Concluded Kristina Heinze, a accomplice and co-founder at ParkerGale:
“All through its development, SMA has remained a product-oriented and employee-driven software program enterprise with a laser give attention to the consumer expertise. We’re pleased with what we completed all through our majority possession with Todd Dauchy and the SMA staff and look ahead to persevering with to assist the corporate in partnership with Thoma Bravo.”
Thoma Bravo: Enterprise and Expertise Automation Experience
Thoma Bravo has intensive expertise within the IT automation software program market.
As an example, Thoma Bravo additionally owns stakes in info administration software program supplier Hyland Software, and clever course of automation supplier Nintex. These software program firms, in flip, made RPA (robotic process automation) and DPA (digital process automation) acquisitions in 2020.
Thoma Bravo additionally owns ConnectWise, which develops IT administration and enterprise automation software program for MSPs within the SMB market. Thoma additionally owns a minority stake in N-able, one other MSP-focused software program supplier.
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