Thoma Bravo, a private equity investment firm, has completed the acquisition of LANDesk Software from Emerson.
LANDesk specialises in systems lifecycle management, endpoint security and IT service management.
Financial details were not disclosed.
Steve Daly, formerly the executive vice president and general manager of LANDesk, has been named the chief executive of LANDesk and will lead the independent company along with the existing management team.
“Now that LANDesk is an independent company, we can be more focused on strengthening our core business,” says Daly. “LANDesk customers, partners and employees can expect even more innovation throughout our key solutions – systems lifecycle management, endpoint security and IT service management.”
“Thoma Bravo looks forward to working with LANDesk’s management team to implement a strategic plan to accelerate revenue growth,” says Seth Boro, a principal at Thoma Bravo. “Through continuous operational improvements and strategic acquisitions LANDesk will reinforce its position as a market leader in IT systems management.”
