The transaction – whose amount was not disclosed – is expected to close in early October, subject to usual and customary closing conditions and regulatory approvals. Concurrent with the closing, David Murphy, the former President and COO of Blue Coat Systems and a current Thoma Bravo Operating Partner, will join Apttus’ Office of the CEO as Executive Chairman.
Thoma Bravo will allow the company to accelerate growth and continue to scale globally.
Led by Neehar Giri, Co-Founder, President and Chief Solutions Architect, Apttus provides solutions that automate, optimize and apply artificial intelligence to the such business processes as generating revenue and managing key commercial relationships. Its Quote-to-Cash, Contract Lifecycle Management and other Middle Office solutions are used by customers including hundreds of the Global 2000.
The company has headquarters in San Mateo, CA, and other offices in Bozeman, MT, Chicago, IL, London, UK, Sydney, Australia, Ahmedabad, Bengaluru, and Pune, India, and Tokyo, Japan.