Thoma Bravo, a software-focused private equity investment firm, acquired a majority ownership in IDS, a Minneapolis, MN-based provider of asset finance software solutions, from its current owner, SV Investment Partners.
The amount of the deal was not disclosed.
Thoma Bravo plans to partner with the existing IDS management team to continue to execute on its strategic growth plans and accelerate the product roadmap.
Led by David Hamilton, CEO, IDS provides asset finance enterprises with InfoLease, a solution which streamlines the asset financing lifecycle for loan and leasing portfolios, encompassing origination and approval workflows and offering accounting, billing, tax and regulatory compliance capabilities.
The solution is available as a software as a service (SaaS) offering in IDScloud™, providing an open architecture, pay-for-what-you-use consumption model.
The company has offices in the United Kingdom, Australia, Singapore and India.