Mergers and Acquistions News
Categories: Software
August 25th 2010, 15:32PM
Private equity investment firm Thoma Bravo has announced that it will be acquiring a global systems lifecycle management company.
The company has entered into a definitive agreement to purchase LANDesk Software from current owner Emerson, which is hoped will accelerate the firm's revenue growth.
Steve Daly, executive vice president and general manager of LANDesk, claimed that this will present his firm with a clear and focused opportunity.
Seth Boro, principal at Thoma Bavo, added that LANDesk has shown a vision to be the leader in its industry.
He said: "We feel strongly the LANDesk team will be a valuable partner in our joint effort to solidify the company’s leadership in IT systems management."
While LANDesk has its headquarters in Utah's Salt Lake City it also has offices throughout the Americas, Europe and Asia Pacific regions.
Earlier this year, the firm announced that it had received Federal Desktop Core Configuration Certification.
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