

Thoma Bravo's Behind the Deal
Thoma Bravo
Thoma Bravo’s Behind the Deal podcast takes you behind the scenes of one of the largest software investors in the world. You'll hear the strategies and stories behind building Thoma Bravo’s portfolio of innovative, industry-leading software and technology companies. Presented by Orlando Bravo, “Wall Street’s best dealmaker” (Forbes), each episode offers a first-person account from the deal leads and CEOs that forged some of the largest software acquisitions at Thoma Bravo to date, and how they partnered together to innovate and grow those companies.
Go ‘behind the deal’ to learn how these deals came together, gaining insight on how Thoma Bravo helps great companies do even greater things.
Head to www.thomabravo.com/behindthedeal for information on the podcast, show notes, and more.
Go ‘behind the deal’ to learn how these deals came together, gaining insight on how Thoma Bravo helps great companies do even greater things.
Head to www.thomabravo.com/behindthedeal for information on the podcast, show notes, and more.
Episodes
Mentioned books

Feb 29, 2024 • 35min
How Thoma Bravo Took Foundation Software From a Family-Run Business to Private Equity-Owned
Thoma Bravo Partner Carl Press takes listeners behind the deal with Foundation Software, a leader in the world of construction subcontracting software. Family-owned and operated for over thirty years, Foundation decided to partner with Thoma Bravo in 2020 after many offers from investor groups, becoming the firm’s first fully remote deal. Carl is joined by Foundation Software President and CEO Mike Ode to talk about partnering with private equity, the construction industry’s digital transformation and what that means for the future of the business.For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedealLearn more about Thoma Bravo: https://www.thomabravo.com/Visit Foundation's website: https://www.foundationsoft.com/

Feb 22, 2024 • 8min
Beyond the Raptor Technologies Partnership with Adam Solomon and Gray Hall
In this Beyond the Deal mini-sode, Thoma Bravo partner Adam Solomon sits down with Raptor CEO Gray Hall to talk about the most rewarding parts of being a CEO, how to craft a leadership style employees (and customers) will want to follow, and the personal side of running a business that keeps kids safe at school.For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedealLearn more about Thoma Bravo: https://www.thomabravo.com/Visit Raptor’s website: https://raptortech.com/

Feb 15, 2024 • 37min
How Raptor Technologies Transforms School Safety Through Software
Thoma Bravo Partner Adam Solomon walks listeners through the challenges of landing a transatlantic deal with Raptor Technologies, a cutting-edge school safety software company, at a time when schools were shut down all over the world due to COVID. Adam is joined by Raptor CEO Gray Hall, and together they discuss the importance of alignment on company culture, organic vs. inorganic growth, and the power of supercharging results with a mission-driven approach.For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedealLearn more about Thoma Bravo: https://www.thomabravo.com/Visit Raptor's website: https://raptortech.com/

Feb 8, 2024 • 7min
Beyond the Nasdaq Partnership with Holden Spaht and Adena Friedman
Adena Friedman, Chair and CEO of Nasdaq with a multi-decade career transforming the exchange into a global market and tech operator. She recounts starting as an intern and the career moves that shaped her leadership. They explore Nasdaq’s evolution into a scale technology provider and a whimsical four-leaf clover tradition that connects people.

Feb 1, 2024 • 42min
How Nasdaq's Acquisition of Adenza is Disrupting Fintech and Modernizing Markets
Adena Friedman, Chair and CEO of Nasdaq and long-time fintech transformer, discusses Nasdaq’s acquisition of Adenza. They cover why Adenza’s Calypso and AxiomSL assets fit Nasdaq’s strategy. Conversations focus on integration during the pandemic, strategic alignment, organizational changes, and plans to modernize technology and expand market infrastructure.

Jan 25, 2024 • 8min
Beyond the Dynatrace Partnership with Chip Virnig and John Van Siclen
Thoma Bravo Partner, Chip Virnig, and former CEO of Dynatrace, John Van Siclen, reflect on the challenges and rewards of their careers, including building a customer base, navigating a public company, and the emotions surrounding their listing on the NYSE. They also discuss valuable career lessons like patience, active listening, and mentorship, as well as giving a glimpse into their personal lives.

Jan 18, 2024 • 44min
How a Complex Carveout Led to Dynatrace Disrupting Itself and Then an Entire Industry
Thoma Bravo Partner Chip Virnig goes behind the deal with Dynatrace, discussing the complexities of the transaction and the areas of value creation. Former Dynatrace CEO John Van Siclen joins to share his perspective on the growth in enterprise software. The deal became a fascinating case study, borrowing strategies from the Thoma Bravo playbook and deploying them all on the same deal. The podcast explores the acquisition and complex carveout of Dynatrace, the benefits and challenges of carving out a business, the importance of disruption in the technology industry, and Dynatrace's remarkable growth from a venture-backed company to a publicly traded firm.

Jan 11, 2024 • 7min
Beyond the Alma Deal with Ross Devor and Dr. Harry Ritter
In this Beyond the Deal mini-sode, Thoma Bravo Partner Ross Devor and Alma founder and CEO Dr. Harry Ritter discuss the glaring need for quality, affordable mental healthcare, learning to enjoy the journey while building a business, and the pros and cons of being a “renaissance man.”For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedealLearn more about Thoma Bravo: https://www.thomabravo.com/Visit Alma’s website: https://www.helloalma.com/

Jan 4, 2024 • 47min
How Thoma Bravo Partnered with Alma to Provide Accessible Mental Health Care Solutions Across the U.S.
Ross Devor, a partner at Thoma Bravo and co-head of the firm's Growth platform, discusses collaborating with Alma's management team to improve their technology roadmap and connect their platform with therapists across all fifty states. Despite a market meltdown, Thoma Bravo saw an exciting opportunity to be a part of behavioral health care’s digital transformation and to guide Alma on crossing the path to profitability.Alma is a platform that improves access to quality, affordable mental health care by giving providers the tools they need to build thriving in-network private practices. In this episode, Ross sits down with Alma CEO Dr. Harry Ritter to discuss the importance of a robust management structure, a focus on responsible growth, and having values that align with your business partners. The two also discuss their own mental health journeys, and how investing in people’s mental wellbeing — and your own — might now be more important than ever.For more information on Thoma Bravo's Behind the Deal, visit https://www.thomabravo.com/behindthedealLearn more about Thoma Bravo: https://www.thomabravo.com/Visit Alma's website: https://www.helloalma.com/

Dec 21, 2023 • 7min
Beyond the Flexera Partnership with Seth Boro and Jim Ryan
Thoma Bravo's Seth Boro and Flexera's Jim Ryan dive into the CEO transition at Flexera and the focus on technology value optimization. They also discuss the challenges of transitioning to a leadership role, gaining credibility, and alternative career paths.


