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Thoma Bravo Completes Sale of PowerPlan to Roper TechnologiesSAN FRANCISCO, June 4, 2018 /PRNewswire/ -- Thoma Bravo, a leading private equity investment firm, today announced that it has completed its sale of PowerPlan, the market-leading provider of mission-critical corporate performance management (CPM) software for many of the largest and most complex companies in asset-intensive industries, to Roper Technologies for $1.1 billion. Thoma Bravo acquired PowerPlan in 2015. During the three-year partnership, Thoma Bravo guided PowerPlan's creation of a next-generation, cloud-based platform, not only strengthening PowerPlan's core value proposition, but also further enabling its expansion into both adjacent vertical markets and international markets outside the U.S. and Canada. Thoma Bravo's approach of working with the company's management resulted in an increase in PowerPlan's valuation, a significant expansion in both recurring revenue and profitability, and an acceleration in organic revenue growth. This was made possible via numerous innovations to the company's product and service offerings that occurred during dramatic market-changing events, icluding those associated with recent federal tax reform. William Blair & Company, L.L.C. served as exclusive financial advisor to PowerPlan, and Kirkland & Ellis LLP served as legal advisor to PowerPlan and Thoma Bravo. About Thoma Bravo, LLC About PowerPlan Media Contact:
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