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Thoma Bravo has had 17 exits. Some great people have been let go during multiple rounds of layoffs too! The sale of Compuwareis nota surprise because private-equity firms typically sell their acquisition targets within five or so years after making a lot of changes and cost-cutting moves, including layoffs. WebIn my experience Thoma Bravo are not the villains and the CW Exec team is in charge and using Thoma Bravo as a consulting entity for their experience. Joe Biden and the 51 Spies of 2020. Thoma Bravo 's most notable exits include SolarWinds , Planview , and Venafi. Piles of debt may factor into Hyland's sweeping layoffs Thoma Bravo Posting this here as I believe it will have a direct impact on ConnectWise customers experiences with support, consulting, bug fixes, new features, etc. Global Analysis of Quote Management Software Market from Akamai Technologies, Go to company page Thoma Bravo always does a 15-20% RIF a few months after the deal closes. There were even cuts at the C suite, so I dont think any role is safe post acquisition. Vista Equity Partners made a $600 million offer and promised to keep building the company, something that corporate buyers wouldnt guarantee. There was speculation inspring 2013 that BMC's then-owners, Bain Capital and Golden Gate Capital, were considering buying Compuware to merge it with BMC. Bottomline Technologies "layoff" Reviews | Glassdoor This is followed by high rates of attrition by disrespecting the talented staff that stay and moving any new engineering jobs to offshore vendors. Annual merit raises are still canceled for 2020, but theyre hoping to reinstate them in 2021, apparently.