Thoma Bravo to acquire Anaplan for $10.7bn

US software investment firm Thoma Bravo to acquire Anaplan, the SaaS financial planning tool, in an all-cash transaction valued at approximately $10.7bn.

The deal, revealed last weekend, will see Anaplan become a privately held company upon completion of the transaction. Its market cap stands at $7.47bn.

Based in San Francisco, Anaplan has over 175 partners and more than 1,900 customers worldwide. The company uses proprietary technology, to allow customers to contextualize real-time performance and forecast future outcomes. The technology enables connected strategy and planning across enterprises, with clients including Vodafone, Bayer and Autodesk.

Frank Calderoni, chairman and CEO at Anaplan, said: “We are thrilled to partner with Thoma Bravo to build on the strength of our innovative platform and capitalize on the massive opportunity and incredible demand we are seeing.”

“This is a clear validation of our team’s outstanding work and the start of an exciting new chapter for Anaplan, our customers and our partner ecosystem. We are confident that Thoma Bravo’s resources and insights will help us to accelerate and scale our growth strategy.”

Holden Spaht, a managing partner at Thoma Bravo, said: “We have followed Anaplan for years and have seen the incredible value they bring customers through their best-in-class planning platform. We look forward to leveraging Thoma Bravo’s extensive operational and investment expertise in enterprise software to support Anaplan in its future growth.”