M&A Deal Summary

ConnectWise Acquires Continuum Managed Services

On October 30, 2019, ConnectWise acquired information technology company Continuum Managed Services from Thoma Bravo

Acquisition Highlights
  • This is ConnectWise’s 1st transaction in the Information Technology sector.
  • This is ConnectWise’s 3rd transaction in the United States.
  • This is ConnectWise’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2019-10-30
Target Continuum Managed Services
Sector Information Technology
Buyer(s) ConnectWise
Sellers(s) Thoma Bravo
Deal Type Add-on Acquisition

Target

Continuum Managed Services

Boston, Massachusetts, United States
Continuum Managed Services LLC is a managed IT service providers, giving them the technology platform, services and processes they need to simplify IT management and deliver exceptional service to their small and medium-sized clients. Continuum Managed Services LLC was established in 2011 and is headquartered in Boston, Massachusetts.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

ConnectWise

Tampa, Florida, United States

Category Company
Founded 1982
Sector Information Technology
DESCRIPTION

ConnectWise is a provider of software solutions to the Managed Service Provider (MSP) and SMB ecosystem. The company provides the most comprehensive business automation platform in its industry. This includes Professional Services Automation (PSA); Remote Monitoring and Management (RRM); Configure, Price, Quote (CPQ), plus Remote Connection and Security offerings for more than 25,000 partners in more than 65 countries. ConnectWise was founded in 1982 and is based in Tampa, Florida.


DEAL STATS #
Overall 3 of 9
Sector (Information Technology) 1 of 5
Type (Add-on Acquisition) 3 of 9
State (Massachusetts) 1 of 1
Country (United States) 3 of 8
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-05 HTG Peer Groups

Harlan, Iowa, United States

Heartland Tech Group LLC is an international consulting, coaching and peer group organization that cultivates success by igniting personal, leadership, business and legacy transformation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Perch Security

Tampa, Florida, United States

Perch Security, Inc. is a co-managed threat detection and response platform backed by an in-house Security Operations Center (SOC). Perch Security was founded in 2016 and is based in Tampa, Florida.

Buy -

Seller(S) 1

SELLER

Thoma Bravo

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thoma Bravo is a private equity firm that primarily invests in or acquires US-based middle-market businesses. While Thoma Bravo will consider a variety of transaction situations, including take-privates, buyouts, carve-outs, recapitalizations, and growth equity financings, the Firm has a special interest in tech consolidation opportunities. Target companies generally have a history of profitability with EBITDA of at least $20 million. The Firm's equity commitment size range is $100 to $750 million. Sectors of interest include enterprise and infrastructure software, education, distribution, financial services and consumer goods/services. The Firm will not invest in new inventions or technologies, developmental products or services, start-ups, biotech, motion pictures, distressed businesses, oil/gas, or real estate. Thoma Bravo was formerly known as Thoma Cressey Bravo and before that Golder Thoma & Co. The Firm was originally formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 46 of 79
Sector (Information Technology) 13 of 21
Type (Add-on Acquisition) 20 of 36
State (Massachusetts) 1 of 3
Country (United States) 45 of 73
Year (2019) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-16 DigiCert

Lehi, Utah, United States

DigiCert is a provider of high-assurance digital certificates, certificate management software solutions, and public-key infrastructure solutions, which enable authentication and encryption for web servers and internet of things devices. DigiCert was founded in 2003 and is headquartered in Lehi, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-04 Instructure

Salt Lake City, Utah, United States

Instructure is a software-as-a-service (SaaS) technology company that makes software that makes people smarter. Instructure was founded in 2008 and is based in Salt Lake City, Utah.

Buy $2.0B