|[November 09, 2012]
Thoma Bravo Acquires Crossbeam Systems, Inc.
SAN FRANCISCO --(Business Wire)--
Bravo, LLC, a leading private equity investment firm, has acquired Crossbeam
Systems, Inc., a global network security solutions leader. Financial
details were not disclosed. Crossbeam's (News - Alert) current senior management team
will continue to manage the company.
"Crossbeam is in a stronger-than-ever position to strengthen and expand
our customer solutions," said Mike Ruffolo, president and CEO of
Crossbeam. "Thoma Bravo's support and expertise in the software and
technology industries will allow us to pursue new products and services
through strategic initiatives and potential acquisitions to enhance our
"Mike and his team have built a first-class network security company
with a proven track record and are uniquely positioned to lead the
industry," said Seth Boro, partner at Thoma Bravo. "We look forward to
working with Crossbeam's management to build off of that reputation and
help them accelerate their growth through the buy and build strategy we
have followed successfully many times before."
Headquartered in Boxborough, Mass. Crossbeam has more than 200
employees in the United States, Europe, Latin America and Asia. Best
known for its innovative X-Series network security platform, the company
provides security solutions to fixed and mobile operators such as
Telefonica (News - Alert), BT, NTT Globe Telecom, Cell C and enterprise customers such
as Fiserv, Volkswagen Group and Motel 6.
About Crossbeam Systems, Inc.
Crossbeam Systems®, Inc. offers a proven approach to deploying network
security that meets the extreme performance, scalability and reliability
demands of large enterprises, service providers and government agencies.
Its leading X-Series security platform offers an open, high-performance
architecture that easily provisions and scales multiple best-in-class
security applications to meet the ever-changing threat landscape.
Companies rely on Crossbeam to intelligently manage risk, accelerate and
maintain compliance, and protect their businesses from evolving threats.
Crossbeam is headquartered in Boxborough, Mass., and has offices in
Europe, Latin America and Asia Pacific. More information is available at www.crossbeam.com.
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm building on a
30+ year history of providing equity and strategic support to
experienced management teams and growing companies. The firm has
continued to apply the concept of industry consolidation investing,
which seeks to create value through the strategic use of acquisitions to
accelerate business growth. Thoma Bravo invests across multiple
industries, with a particular focus in enterprise and infrastructure
software and financial and business services, and works in partnership
with management to implement its operating and consolidation expertise
to build long-term value. The firm currently manages a series of private
equity funds representing almost $4 billion of equity commitments. In
software, Thoma Bravo has completed 54 add-on acquisitions across 25
platform companies with total annual earnings of approximately $1
billion. For more information, visit www.thomabravo.com.
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