Thoma Bravo is preparing to divest Houston-based school safety software provider Raptor Technologies in a deal that could value the business at more than $2bn, according to a report by Reuters citing unnamed sources familiar with the matter.
The private equity firm, which manages a portfolio of more than 70 software companies, has engaged JPMorgan to advise on the process, with a sale expected to launch later this year. Thoma Bravo, JPMorgan and Raptor declined to comment.
Raptor provides safety and crisis management software to K-12 schools, covering areas such as incident prevention, emergency preparedness, crisis response, recovery and student movement management. The platform is used by more than 60,000 schools across 55 countries.
The company generates over $80m in EBITDA, sources said, and growing demand for technology-enabled safety solutions is expected to underpin strong investor interest. School security remains a priority in the US, with the K-12 School Shooting Database recording 336 incidents in 2024, close to the all-time high of 351 in 2023.
