Security News > 2020 > June > Thoma Bravo to Acquire Secure Business Collaboration Firm Exostar
Private equity investment company Thoma Bravo on Tuesday announced its intention to acquire secure business collaboration solutions provider Exostar, reportedly for roughly $100 million.
Exostar provides supply chain collaboration and management, identity access management, risk management, and secure collaboration solutions for highly regulated industries such as healthcare, aerospace and defense, and life sciences.
Thoma Bravo, which described the deal as a "Strategic growth investment," hopes to help Exostar accelerate growth and expand its customer base.
"Our corporate vision remains unchangedto be a trusted, innovative leader in secure business collaboration for highly-regulated industries. Thoma Bravo's strategic investment positions us to more rapidly expand our community and deliver the digital trust that must exist between an enterprise and its suppliers, customers and partners," said Richard Addi, president and CEO of Exostar.
"This transaction reflects the logical next step in our company's evolution. We can leverage Thoma Bravo's deep technology and security experience to take full advantage of our unique market position. Together, we plan to accelerate time-to-market for the Exostar suite of solutions that enable global enterprises to execute their mission-critical supply chain and drug development initiatives," Addi added.