Thoma Bravo, LP is an American private equity and growth capital firm based in Chicago, Illinois, United States.

[10] The company focuses on the application, infrastructure and cybersecurity software and technology-enabled business service sectors, and uses a "consolidation" or "buy and build" investment strategy.

[20][21] In September 2021, Thoma Bravo completed the acquisition of Stamps.com, an e-commerce shipping service provider, for approximately $6.6 billion in cash.

[28][29] In September 2023, Arlington Capital Partners announced it had bought Exostar, a software company headquartered in Herndon, Virginia, from Thoma Bravo for an undisclosed amount.

[31][32] In March 2024, the company agreed to take Everbridge, a provider of critical event management software, private for approximately $1.8 billion.

[33] In December 2024, Toma Bravo completed the acquisition of a majority stake in USU Product Business, an IT management solutions provider.

[40] In April, it announced the acquisition of identity security company SailPoint for $6.9 billion with financing from private lenders.

[44][45][46] In April 2024, Thoma Bravo agreed to acquire Darktrace, a UK-based cybersecurity company, in a private transaction valued at $5.3 billion.

[49] In July 2021, Thoma Bravo acquired clinical payment technology provider, Greenphire LLC.

[71] In February 2024, Fortune published an analysis of the top ten private equity investors in tech of 2021 by amount invested.

Thoma Bravo made the highest number of acquisitions valued at over $58 billion that year, at a time when tech valuations peaked before the market correction in 2022.