Thoma Bravo, a leading software investment firm, today announced the completion of its strategic growth investment in SMA Technologies (“SMA”), a leading provider of automation solutions for financial services.
The investment will enable SMA to significantly expand its offering of automation solutions for its clients while accelerating growth geographically and into tangential industries over time.
Founded in 1980 by automation experts at NASA, SMA Technologies is dedicated to simplifying IT complexity through its workload automation platform, OpCon, which eliminates manual tasks, reducing human error and freeing up resources for strategic initiatives.
“The increasingly digital workplace has created a large and growing market for SMA’s automated solutions to simplify and streamline IT workloads,” said Todd Dauchy, CEO of SMA Technologies. “With Thoma Bravo as our partner, we will be well positioned to expand our offerings and serve additional industries while accelerating our global growth.”
“Since its founding, SMA has earned its clients’ trust to support mission critical operations through its unmatched domain expertise, deep focus on customer care and reliable solutions that help clients unlock efficiencies in their businesses,” said Adam Solomon, a Partner at Thoma Bravo. “We look forward to working with Todd and the entire SMA team to build on the company’s strong momentum.”
Existing investor ParkerGale Capital will retain a minority position in SMA Technologies. Raymond James served as financial advisor and Kirkland & Ellis LLP served as legal advisor to SMA Technologies.
Source: Company Press Release