Thoma Bravo Might Sell Apryse for Billions
So, get this: the private equity firm Thoma Bravo is apparently thinking about selling Apryse. Like, for over 3 billion bucks! People who know what's up are saying some potential buyers are already interested in this company, which, you know, makes software for messing with documents. Like, creating, editing, and changing digital stuff. Pretty neat, right?
They are even working with some investment bankers at Lazard to help figure it all out. The sources spilled the tea that other private equity companies are already sniffing around. Thoma Bravo might even keep a small piece of the company if a deal happens. But hey, they also said nothing is set in stone and a sale isn't for sure. They wanted to stay private about it all, which makes sense.
Thoma Bravo didn't say anything when asked. Apryse and Lazard were quiet too, not getting back to Reuters. Apryse is based in Denver, Colorado. They have this tech that lets developers build stuff for phones and computers where you can create or change documents. You can even put those features into your own apps. Some of their big customers are companies like Novartis, Wells Fargo, and even DocuSign, if you look at their website.
Apparently, Apryse makes over 100 million dollars before all the taxes and stuff, and it is growing more than 20 percent a year. Wow! The sources said any sale is probably going to value the company at like 30 times what it makes, or maybe even more. Crazy!
This company used to be called PDFTron, way back in 1998. Thoma Bravo bought it in 2021, and the guy in charge of that deal was Hudson Smith. They changed the name to Apryse a couple of years later. Some folks, like Silversmith Capital Partners, and the company's original leaders still own a piece of the business.
Since Thoma Bravo took over, Apryse has bought nine other companies to make its software do more things and reach more people around the world. Just this week, they announced they bought a company from the Netherlands called TallComponents that works with digital documents. And last year, they bought a company called Lead Technologies that uses AI. Pretty busy, right?
