Grayshift, LLC, a leading and trusted provider of digital forensics solutions, announced a strategic growth investment from Thoma Bravo, a leading software investment firm. The investment is subject to receipt of regulatory approvals and expected to accelerate innovation and strengthen Grayshift’s market leadership position in public sector software. Financial terms of the transaction were not disclosed.
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The company’s leading digital forensic solutions are purpose-built to empower public safety agencies to resolve lawful investigations swiftly and keep communities safe. GrayKey, the company’s flagship technology, provides the ability to secure evidence from mobile devices in a safe and compliant manner.
“Digital forensics is vital to ensuring public safety, and Grayshift’s technology solutions are more critical than ever before,” said David Miles, Co-Founder and CEO of Grayshift. “We’re thrilled to partner with Thoma Bravo, one of the world’s largest and most experienced software investors, as we continue to deliver on our promise of innovation. Since our inception, we have been laser-focused on building solutions that meet the modern-day investigative needs of public safety agencies. Thoma Bravo’s strategic investment and partnership will fuel future growth as we continue to disrupt the legacy digital forensics marketplace and expand our public sector solutions.”
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“We’re excited to work alongside Grayshift’s dedicated and experienced team to support continued growth and innovation,” said Hudson Smith, a Partner at Thoma Bravo. “We fully support Grayshift’s mission to empower governments to more quickly, safely, and compliantly analyze data to better serve their constituents. Further, we see tremendous opportunity to broaden the company’s software solutions to streamline and modernize the integral work done by governmental and other public sector employees.”
Existing investors PeakEquity Partners and C&B Capital will remain as shareholders in Grayshift. Morgan Stanley & Co. LLC is serving as exclusive financial advisor to Grayshift and DLA Piper LLP is serving as legal counsel. Kirkland & Ellis, LLP is serving as legal counsel to Thoma Bravo.
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