Private equity firm Thoma Bravo has sold Vision Solutions, a provider of high availability, disaster recovery, and migration software and services, to Clearlake Capital Group.
The exit represents the culmination of a successful 10-year partnership between Thoma Bravo and Vision Solutions. The transaction is expected to close in Q2, subject to normal closing conditions and approvals. Financial terms were not disclosed.
“We’ve worked closely with the Vision Solutions executive team to identify the operational efficiencies and transformative acquisitions that would establish the company as the premier provider of data protection solutions for modern data centres,” says Scott Crabill, a managing partner at Thoma Bravo. “This approach has led to substantial growth and has delivered value to our investors and Vision Solutions’ customers. We’re happy to have contributed to the company’s success, and look forward to seeing it reach the next stage of growth with its new partner.”
Since Thoma Bravo’s acquisition, Vision Solutions has built on its leadership position in the data protection market with a number of acquisitions, including iTERA, Lakeview Technology and Double-Take Software. Thoma Bravo supported management across all functional groups to optimise operations, expand offerings into new markets and provide best-in-class services; resulting in revenue and EBITDA growth of 300 percent and 750 percent respectively during the partnership.
“With Thoma Bravo’s resources and software industry insights, Vision Solutions has established itself as a single-source provider of data centre solutions, giving our teams a significant competitive edge in the support we provide to customers, channel partners and cloud service providers,” says Nicolaas Vlok, CEO of Vision Solutions. “The patient and deliberate execution of the plan we established 10 years ago has led to a very successful exit, showcasing Thoma Bravo’s commitment to helping this organisation achieve its full growth potential.
