SMA Technologies Announces Strategic Growth Investment from Thoma Bravo
SMA Technologies, a leading provider of automation solutions for financial services, announced that Thoma Bravo, a leading software investment firm, has signed a definitive agreement to make a significant growth investment in the company. SMA Technologies’ current majority investor, ParkerGale Capital, will retain a minority position in the business. Financial terms of the transaction were not disclosed.
The investment is expected to enable SMA to significantly expand its offering of automation solutions for its clients while accelerating growth geographically and into tangential industries over time.
Recommended AI News: Husqvarna Affirms its Commitment to Autonomous Mowing and Leadership in Robotics as a Service (RaaS) with Expanded Investment in Robin Autopilot
Since its founding by automation experts at NASA in 1980, SMA Technologies has built its reputation as one of the most trusted automation providers for financial services and other transactional businesses. Dedicated to simplifying IT complexity, the company’s workload automation platform, OpCon, eliminates manual tasks, reducing human error and freeing up resources for strategic initiatives.
“SMA has been a pioneer in the workload automation space for over four decades and we are thrilled to continue our journey with Thoma Bravo,” said Todd Dauchy, CEO of SMA Technologies. “With Thoma Bravo’s operational expertise and financial resources, we will be better positioned to drive global growth while continuing to provide our clients and their employees with seamless solutions to automate processes, applications and workflows.”
Recommended AI News: Crescent Bank Partners with Informed.IQ To Simplify the Lending Process for its Auto Dealers
“As the increasingly digital workplace multiplies IT workloads, SMA is mission-critical to helping enterprises smoothly manage today’s complex IT environment,” said Adam Solomon, a Partner at Thoma Bravo. “Todd and the SMA team have built exceptional trust by consistently delivering products and solutions that meet clients’ ever-changing business needs and priorities. We are excited to partner with a company that values innovation and operational excellence as well as strong relationships with its clients.”
“Throughout its growth, SMA has remained a product-oriented and employee-driven software business with a laser focus on the client experience,” said Kristina Heinze, a Partner and Co-Founder at ParkerGale. “We are proud of what we accomplished throughout our majority ownership with Todd Dauchy and the SMA team and look forward to continuing to support the company in partnership with Thoma Bravo.”
Recommended AI News: Leavened Announces New ConfigAI Feature
[To share your insights with us, please write to sghosh@martechseries.com]
Comments are closed.