Thoma Bravo supports financial services automation provider SMA Technologies

Private equity firm Thomas Bravo acquired a stake in financial services automation company SMA Technologies – although details of percentage ownership and dollar figures were not disclosed.

This is technology M&A deal number 873 that ChannelE2E has covered so far in 2022. Discover over 2,000 technology M&A deals involving MSPs, MSSPs and IT service providers listed here.

SMA Technologies: Workload Automation Software Capabilities

SMA Technologies, founded in 1980, is based in Houston, Texas. The company has 139 employees listed on LinkedIn.

SMA develops OpCon, an enterprise workload automation platform for financial services firms, banks, insurers, credit unions and retailers. Workload automation and orchestration software can “eliminate manual tasks and manage workloads in critical business operations.” The software works with many third-party cloud, virtualization, database management, ERP, identity management, IT service management (ITSM), and operating system platforms.

In addition to software, SMA also offers automation consulting and managed automation services.

We don’t know if SMA is in any way planning to compete with ServiceNow’s workflow automation or third-party robotic process automation (RPA) software.

Former majority investor in SMA Technologies, Parker Gale Capital, will retain a minority stake in the software business, the parties said. When ParkerGale acquired SMA’s stake in September 2020, the software company had 600 customers in 27 countries and territories. Fast forward to October 2022, and ChannelE2E doesn’t know if that install base has changed significantly.

Thoma Bravo’s investment is expected to “enable SMA to significantly expand its automation solutions offering for its customers while accelerating geographic and cross-industry growth over time,” the private equity firm said. .

Thoma Bravo Invests in SMA Technologies: Executive Insights

In a prepared statement on the Thoma Bravo-SMA deal, SMA CEO Todd Dauchy said:

“SMA has been a pioneer in the field of workload automation for over four decades and we are excited 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 customers and their employees with seamless solutions to automate processes, applications and workflows.

Added Adam Solomon, Partner at Thoma Bravo:

“As the increasingly digital workplace multiplies IT workloads, SMA is essential in helping businesses smoothly manage today’s complex IT environment. Todd and the SMA team have established an exceptional relationship of trust by consistently delivering products and solutions that meet customers’ ever-changing business needs and priorities. We are thrilled to partner with a company that values ​​innovation and operational excellence as well as strong customer relationships.

Kristina Heinze, partner and co-founder of ParkerGale, concluded:

“Throughout its growth, SMA has remained a product-driven, employee-focused software company with a strong focus on customer experience. We are proud of what we have accomplished throughout our majority ownership with Todd Dauchy and the SMA team and look forward to continuing to support the company in partnership with Thoma Bravo.

Thoma Bravo: Expertise in business and technology automation

Thoma Bravo has extensive experience in the IT automation software market.

For example, Thoma Bravo also has stakes in information management software provider Hyland Softwareand intelligent process automation provider Nintex. These software companies, in turn, made acquisitions of RPA (robotic process automation) and DPA (digital process automation) in 2020.

Thoma Bravo also owns ConnectWise, which develops IT management and business automation software for MSPs in the SMB market. Thoma also holds a minority stake in N-ableanother software provider focused on MSPs.