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Thomas Bravo, a private equity firm, has acquired QAD, a provider of cloud-based enterprise software. The deal, valued at $2B, is an all-cash transaction and is expected to be complete by Q4’21.

WHO ARE THE PARTIES TO THE DEAL?

• QAD: California-based QAD provides cloud-based planning and resource management software to manufacturing companies. Currently, more than 2,000 manufacturers use QAD’s solutions. These include quality management systems (QMS), enterprise resource planning (ERP), global trade and transportation execution (GTTE), and demand and supply chain planning (DSCP). The company, which has 30 offices located around the world, reported total revenue of $307.9M in the fiscal year 2021 and $310.8M in the fiscal year prior.
• Thomas Bravo: Chicago-based Thomas Bravo is a private equity firm that invests in the software and technology domains. Among its portfolio companies are SolarWinds, an IT service provider, and cybersecurity firm McAfee. It also announced earlier this year that it will acquire security software firm, Proofpoint, and data solution provider, Talend. Over the last 2 decades, the firm has acquired more than 300 companies at a total value of more than $85B. As of March 31, 2021, the firm has over $78B in assets under management.

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The post Thomas Bravo Acquired This Manufacturing Software Company For $2B appeared first on CB Insights Research.