Investment Summary

Insight Partners and Thoma Bravo Invest In Conga

On June 25, 2015, venture capital firm Insight Partners and private equity firm Thoma Bravo invested in internet software and services company Conga

Investment Highlights
  • This is Insight Partners’ 6th and Thoma Bravo’s 3rd transaction in the Internet Software and Services sector.
  • This is Insight Partners’ 25th and Thoma Bravo’s 44th transaction in the United States.
  • This is Insight Partners’ 1st and Thoma Bravo’s 2nd transaction in Colorado.

Investment Summary

Date 2015-06-25
Target Conga
Sector Internet Software and Services
Investor(s) Insight Partners
Thoma Bravo
Deal Type Growth Capital

Target

Conga

Broomfield, Colorado, United States
Conga developed its suite of enterprise-grade Intelligent Document Automation solutions to help businesses optimize their CRM investments. The Conga Suite, which includes Conga Composer, Conga Contracts, Conga ActionGrid, and Conga Sign, simplifies and automates data, documents, contracts, signing, and reporting. As a Salesforce Platinum ISV Partner, Conga is committed to providing its customers with enterprise-grade infrastructure, security and solutions. Conga was founded in 2006 and is based in Broomfield, Colarado.

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Investor(S) 2

Investor

Insight Partners

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1995
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 30 of 89
Sector (Internet Software and Services) 6 of 21
Type (Growth Capital) 11 of 22
State (Colorado) 1 of 1
Country (United States) 25 of 71
Year (2015) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-25 Checkmarx

Ramat Gan, Israel

Checkmarx is a provider of Application Security Testing (AST) software that helps developers identify and address critical vulnerabilities in an application’s code. Checkmarx was founded in 2006 and is based in Ramat Gan, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Thycotic

Washington, District of Columbia, United States

Thycotic is privileged access management, a critical layer of IT security that protects an organization's data, devices, and code across cloud, on-premise, and hybrid environments. Recognized as a leader by every major industry analyst group, its modern cloud-ready PAM solutions dramatically reduce the complexity and cost of securing privileged access. Thycotic was founded in 1996 and is based in Washington, District of Columbia.

Buy -
Investor

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 45 of 139
Sector (Internet Software and Services) 3 of 27
Type (Growth Capital) 4 of 17
State (Colorado) 2 of 4
Country (United States) 44 of 120
Year (2015) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-17 Keynote Systems

San Mateo, California, United States

Keynote's product platforms and services are used by enterprises of all sizes such as online portals, B2B sites, e-commerce sites, mobile operators and mobile infrastructure providers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 iPipeline

Exton, Pennsylvania, United States

iPipeline is a provider of cloud-based software solutions for the life insurance and financial services industries. Through its SSG Digital, end-to-end platform, iPipeline accelerates and simplifies sales, compliance, operations, and support. iPipeline provides process automation and seamless integration between every participant in its ecosystem including carriers, agents, general agencies, advisors, broker-dealers, RIAs, banks, securities/mutual fund firms, and consumers on a global basis.

Buy -