Private equity Thoma Bravo has completed its acquisition of Planview, a specialist in work and resource management (WRM).
Insight Venture Partners, a prior investor in Planview, retains a minority shareholding in the company. Financial details have not been disclosed.
Planview is the market leader in WRM, an emerging category of software that provides a comprehensive approach across a broad range of work and resource types to increase innovation capacity, improve time-to-market, and accelerate digital transformation. Planview offers its customers a diverse portfolio of solutions designed for strategic planning, portfolio and resource management, new product development, work collaboration, and enterprise architecture.
"The need to quickly translate strategy into action has become crucial for businesses to maintain their edge, and as a result, work and resource management is emerging as the next application growth category," says Holden Spaht, a managing partner at Thoma Bravo. "Planview has an incredibly strong team and compelling vision for its future. We're looking forward to partnering with them to ensure they maintain a strong leadership position, as well as pave new paths in the growing WRM space."
"We're very excited to partner with Thoma Bravo, who shares our vision of growing and transforming the work and resource management market," says Greg Gilmore, CEO of Planview. "Through this partnership, Planview gains unique access to significant expertise and resources which will advance our global growth strategy and leadership position."
