Private equity investment firm Thoma Bravo is to acquire a controlling stake in Network Instruments, a Minnetonka, Minn.-based provider of network and application performance management solutions, for an undisclosed amount.
The transaction, which is expected to close in April 2012, will provide investment capital and strategic support to expand Network Instruments’ market share. The company will continue to operate as an independent entity with the existing management team continuing in their current roles.
Founded in 1994 by president Douglas Smith, Network Instruments supplies IT teams with software and hardware platforms to accurately report network and application behavior, resolve IT problems, and optimize performance.
The company is known for its line of GigaStorTM retrospective network analysis appliances and its Observer® platform for performance management.
It has offices in Canada, England, France, and Germany.