The financial terms of the transaction, which is subject to customary closing conditions and expected to be completed in the first quarter of 2017, were not disclosed.
Thoma Bravo will become the new majority shareholder of Planview upon the closing of the transaction, while Insight Venture Partners will maintain its original 2014 capital investment in the company.
Founded in 1989 and led by Greg Gilmore, CEO, Planview has built a comprehensive portfolio of solutions designed for strategic planning, portfolio and resource management, new product development, work collaboration, and enterprise architecture to serve organizations and teams of all sizes and levels of maturity. The product line includes:
– Planview Enterprise® – portfolio and resource management for global enterprises
– Innotas® – project and portfolio management (PPM) for maturing organizations
– Troux® – enterprise capability and technology management
– Projectplace® – collaborative work management for teams of all sizes
The company has 700 employees and serve more than 3,000 customers worldwide.