SUNNYVALE: California-based Azul Systems, the only company fully dedicated to Java, said on Thursday it has acquired Payara, a global provider of enterprise-grade Jakarta EE solutions, in a move aimed at accelerating application modernization and strengthening cloud-native deployments. The deal builds on nearly eight years of collaboration between the two firms, beginning with Azul Platform…
MAHWAH – Majesco, a leading cloud-native software provider for the insurance industry, has agreed to acquire Vitech Systems Group, a move that consolidates two key players in the insurance and retirement benefits technology sector. The acquisition, backed by Majesco’s private equity owner Thoma Bravo and a new minority investment from Vitech’s owner, CVC Capital Partners, aims…
Dow Jones slips from record highs as investors await retail earnings and Fed signals NEW YORK: U.S. stocks edged lower Monday as investors turned cautious ahead of key earnings reports from major retailers and the Federal Reserve’s annual symposium in Jackson Hole, Wyoming. The Dow Jones Industrial Average fell 47.13 points, or 0.11%, to 44,898.43….
NEW YORK: Olo Inc. (NYSE: OLO), a leading open SaaS platform for restaurants, announced Friday it has entered into a definitive agreement to be acquired by software investment firm Thoma Bravo in an all-cash transaction valued at approximately $2.0 billion. Under the terms of the agreement, Olo shareholders will receive $10.25 per share in cash,…
Thoma Bravo, a leading private equity firm, has acquired EQS Group AG, a German cloud provider in corporate compliance and ESG reporting, in a take-private deal. Golub Capital, a global credit asset manager, acted as the sole lender on a senior credit facility to finance the transaction. The deal marks Golub Capital’s first take-private financing…
SAN FRANCISCO: Proofpoint Inc. , a leading cybersecurity and compliance company, today announced that its stockholders voted to approve the acquisition of Proofpoint by Thoma Bravo, a leading software investment firm. Gary Steele, Chairman and CEO of Proofpoint, said, “On behalf of the Proofpoint Board of Directors, I would like to thank our stockholders for…
MORRISTOWN: Majesco, a global leader of cloud insurance software solutions for insurance business transformation, has signed an amended definitive agreement to be acquired by Thoma Bravo, L.P., a leading private equity firm focused on the software and technology-enabled services sectors, in a transaction valuing the company at $729 million. Following the closing of the transaction,…