Thoma Bravo Might Sell Document Software Company Apryse
Hey, so get this... word on the street is that Thoma Bravo, you know, those buyout folks, might be looking to sell Apryse. They're the ones that do that software stuff for making and editing documents, super handy for developers.
Apparently, some other companies are interested in buying Apryse, and now Thoma Bravo is working with some investment bankers, Lazard specifically, to maybe make a deal happen. I guess other private equity firms are already showing interest, which is pretty wild, right?
Now, the sources, who didn't want their names out there, said that even if they do sell, Thoma Bravo might keep a small piece of the company. But, and this is a big but, they also said that a sale isn't a sure thing. So, you know, we'll see what happens.
Thoma Bravo wouldn't talk about it when Reuters asked, and Apryse and Lazard didn't even answer. Kinda makes you wonder what's really going on, tbh.
Apryse is based in Denver, Colorado, and their tech helps developers build apps where you can create, edit, and change digital documents. They also let you pop those features right into your own apps. Some pretty big names use them, like Novartis, Wells Fargo, and even DocuSign. You can see that on their website.
These sources also said Apryse is making over 100 million bucks before all the taxes and stuff, and they're growing pretty fast, more than 20% each year. If they do sell, the deal is expected to be worth, like, 30 times that amount or even more. That's a lot of money!
Apryse used to be called PDFTron way back in '98. Thoma Bravo bought them in 2021, led by this guy named Hudson Smith. They changed the name to Apryse two years later. Some other investors, Silversmith Capital Partners, and the people who run the company, are still part owners.
Since Thoma Bravo took over, Apryse has bought nine other companies to make their software better and reach more people around the world. Just this week, they announced they bought a company from the Netherlands called TallComponents, which also works with digital documents. And last year, they bought Lead Technologies, which does that AI-powered software stuff. It sounds like they're really trying to grow and add a lot more features. What do you think will happen if they sell?
