Thoma Bravo, a private equity firm, announced that it is buying data integration provider Talend for $2.4 billion. Talend said the deal would place the company for long-term growth and give the required capital and resources to execute its market strategy.
Moreover, the firm has acquired a substantial portfolio of technology brands, including Flexera, Blue Coat, Qlik, Riverbed, and Barracuda Networks. Besides, Thoma Bravo made up a portfolio of security brands with the acquisitions of ConnectWise, Imperva, Sophos, Veracode, and Autodata.
Bravo managing partner Seth Boro said that they are thrilled with the partnership and will continue building upon their leadership position in the cloud data integration market.
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