Thoma Bravo has agreed to acquire a majority stake in the asset finance software developer IDS, from current owner SV Investment Partners.
Following the acquisition, Thoma Bravo will work alongside the existing team to continuing making headway on its strategic growth plans and product roadmap.
IDS provides a solution which streamlines the asset financing lifecycle for loan and leasing portfolios. The end-to-end platform which covers everything from origination and approval workflows through to accounting, billing, tax, and regulatory compliance capabilities.
The cloud-based tool can easily integrate into any asset finance ecosystem implemented by banks, independents and captives of all sizes.
IDS CEO David Hamilton said, “Thoma Bravo provides the resources and operational expertise needed to continue our cloud momentum, accelerate our product vision and support our ability to better serve a global customer base.
“Thoma Bravo has a proven track record of investing in building software companies like IDS to achieve exceptional results. We are excited about the opportunity to partner with the team at Thoma Bravo to bring new levels of innovation to our customers.”
SV Investments originally acquired IDS back in 2003 when it was operating as Schroder Ventures, in a deal worth $55m.
Speaking about the exit, SV Investment Partners chairman Nicholas Somers said, “Having partnered with IDS since 2003 we are immensely proud of its achievements under our ownership and of the benefits enjoyed today by customers of the market-leading IDS solutions.
“We are delighted that IDS can now look forward to partnering with Thoma Bravo in the next stage of its development.
“With its exceptional enterprise software expertise, experience and resources, Thoma Bravo could not be better positioned to drive forward the company’s global growth initiatives, further develop and enhance the IDS product suite, and continue to strengthen IDS’ leadership in the asset and equipment finance software market.”
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