Thoma Bravo, LLC, a leading private equity investment firm, today announced it has completed the acquisition of Bomgar, a leader in secure access solutions, from TA Associates. Financial details were not disclosed.
“Bomgar has established itself as a leader and innovator in secure access software, driven by its suite of remote access and security products and years of unwavering dedication to customers,” said A.J. Rohde, a partner at Thoma Bravo. “We’re thrilled to partner with Matt Dircks and the entire Bomgar team to accelerate the expansion of core remote access products, and achieve our collective vision of becoming the choice for integrated remote access, privileged access and related security solutions.”
Founded in 2003, Bomgar helps businesses improve productivity and security by enabling secure, controlled access to any system or device, anywhere in the world. Using Bomgar’s market-leading Remote Support and Privileged Access Management solutions, more than 10,000 organizations around the world connect to millions of remote systems every day. Bomgar enables them to deliver superior support and services, while significantly reducing threats to valuable data and systems.
“This investment is a testament to the success of Bomgar’s strategy and transformation during our great partnership with TA Associates, and we are thrilled to now partner with Thoma Bravo on our next phase of growth and innovation,” said Matt Dircks, CEO, Bomgar. “The Thoma Bravo team brings a wealth of expertise in the software industry - particularly infrastructure and security software - that will enable Bomgar to expand and enhance our product offerings. We’re excited to join their ecosystem and bring even more value to our customers, partners, and employees.”
“Matt and his team have positioned Bomgar as a best-in-class vendor within the rapidly-expanding security and IT service management sectors, and we’re looking forward to providing our resources and expertise to help build on their success,” said Carl Press, a vice president at Thoma Bravo. “With the introduction of its secure cloud offerings for remote support and privileged access, Bomgar’s comprehensive product suite will continue to be the market leader in delivering the remote access solutions its customers need.”
Ropes & Gray LLP served as legal advisor to Thoma Bravo. William Blair & Company LLC served as financial advisor to Bomgar, and Kirkland & Ellis LLP served as legal advisor to Bomgar.