Software-focused buyout house Thoma Bravo has agreed to make a significant growth investment in financial services automation solutions provider SMA Technologies.
SMA Technologies’ current majority investor, ParkerGale Capital, will retain a minority position in the business.
The firm said the investment will enable SMA to significantly expand its offering of automation solutions for its clients while accelerating growth geographically and into tangential industries over time.
Founded by automation experts at NASA in 1980, SMA helps eliminate manual tasks, reduce human error and free up resources through its workload automation platform.
Todd Dauchy, CEO of SMA Technologies, said: “SMA has been a pioneer in the workload automation space for over four decades and we are thrilled to continue our journey with Thoma Bravo. With Thoma Bravo’s operational expertise and financial resources, we will be better positioned to drive global growth while continuing to provide our clients and their employees with seamless solutions to automate processes, applications and workflows.”
