SMA Technologies, a Houston, TX and San Francisco, CA-based provider of automation solutions for financial services, received a growth investment from Thoma Bravo.
The amount of the deal was not disclosed. SMA Technologies’ current majority investor, ParkerGale Capital, will retain a minority position in the business.
The company intends to use the funds to expand its offering of automation solutions for its clients while accelerating growth geographically and into tangential industries over time.
Led by CEO Todd Dauchy, SMA Technologies is the maker of OpCon, a workload automation and orchestration platform for banks, credit unions, insurance companies, and other financial services businesses. The platform enables companies to automate manual tasks and orchestrate workloads across business-critical operations, saving time and reducing cost by eliminating human error and deploying IT resources on strategic initiatives.
FinSMEs
29/09/2022