Thoma Bravo completes Hypergene and Stratsys merger
The deal combines two Nordic software providers serving more than 1,200 customers across planning, compliance, risk and strategy tools.
By Marcus V. Thorne · Markets Editor
· 1 min read
Thoma Bravo has completed the merger of its portfolio company Hypergene with Stratsys, PE Hub reported. The transaction brings together two software businesses with more than 1,200 combined customers across the Nordic region and Germany.
The merged company will operate across financial planning and analysis, compliance, risk management and strategy execution software, according to PE Hub. Terms of the transaction were not disclosed in the report.
Hypergene employs 230 people and serves more than 600 customers in Sweden, Finland, Norway and Germany, PE Hub reported. Stratsys has about 170 employees and more than 600 customers in Sweden and Norway.
The combination gives Thoma Bravo a broader platform in business-management software, a segment where private equity sponsors often seek to consolidate products used by finance, governance and strategy teams. In this type of merger, the investor combines two operating companies so they can sell a wider set of software modules to overlapping customer groups, integrate product development and expand geographic coverage.
Stratsys had been backed by Verdane, which invested in the company in 2020, according to PE Hub. Thoma Bravo had previously announced the plan to combine Hypergene and Stratsys before closing the transaction.
No leadership changes, financing details or valuation figures were included in the report.
This story draws on original reporting from PE Hub.
