Financing for the transaction was provided by RBC Capital Markets and KKR Capital Markets LLC.
The financial details of the deals were not disclosed.
The investment will support the company in its next stage of growth.
Led by Craig Jennings, President, Autodata Solutions provides SaaS and software solutions that range from back-end automation systems that enable dealer-to-original equipment manufacturer (OEM) vehicle ordering to data-driven consumer-focused interactive marketing initiatives.
Founded in 1990, the company is headquartered in London, Ontario, Canada and has offices in Troy Michigan, Portland, Oregon and Minneapolis, Minnesota.
Thoma Bravo is a private equity firm focused on the software and technology-enabled services sectors. Representative past and present portfolio companies include industry leaders such as ABC Financial, Blue Coat Systems, Deltek, Digital Insight, Frontline Education, Global Healthcare Exchange, Hyland Software, Imprivata, iPipeline, PowerPlan, Qlik, Riverbed, SailPoint, SolarWinds, SonicWall, Sparta Systems, TravelClick and Veracode.
The firm has offices in San Francisco and Chicago.