Systems lifecycle management solutions provider LANDesk will become an independent company through its acquisition by investment firm Thoma Bravo from IT firm Emerson.
Systems lifecycle management, endpoint security and IT service
management specialist LANDesk announced Thoma Bravo, a private equity
investment firm, has entered into an agreement to purchase LANDesk
Software from Emerson. Financial details were not disclosed. The
acquisition is expected to close by the end of September. At the time
of acquisition close, Steve Daly, executive vice president and general
manager of LANDesk, will become the CEO of LANDesk.
In a joint release, the companies said the move aims to accelerate
LANDesk's revenue growth and solidify its leadership position in
delivering an integrated portfolio for simplifying the management of
desktops, servers and mobile devices across the full spectrum of an
organization's IT environment.
Daly said the backing by Thoma Bravo would create a very clear and
focused opportunity for LANDesk employees, customers and business
partners. "LANDesk customers will benefit from our singular dedication
to innovating throughout our key solutions - systems lifecycle
management, endpoint security, IT service management - and our
advancement in delivering process-based solutions to help simplify IT
complexity and align IT to provide greater business value," he said.
Headquartered in Salt Lake City, LANDesk currently employs approximately
750 people around the world. The company offers a variety of services
and solutions, including a management suite, a security suite, a patch
manager and application virtualization in addition to its systems
lifecycle management, endpoint security management and IT asset
"LANDesk is uniquely positioned in the software industry, and Thoma
Bravo is confident we can further accelerate the company's growth
through our proven buy and build investment strategy," said Robert
Sayle, a vice president at Thoma Bravo. "We look forward to
implementing operational best practices and exploring strategic
investment opportunities with LANDesk."
Thoma Bravo was founded to create value through the strategic use of
acquisitions to accelerate business growth. The company applies its
investment strategy across multiple industries with a particular focus
on the software and services sectors. In the software industry, the
company boasted it has completed more than 50 acquisitions across 15
platform companies with total annual earnings of more than $700 million.
"There are about 500 million PCs or laptops in the corporate
environment today, with five billion IP-connected devices. Estimates
indicate there will be 50 billion IP-connected devices in the world
by 2020," Daly said. "With the assistance of Thoma Bravo, we will
remain the leader in IT management and continue to focus on helping our
customers manage and secure their systems, regardless of device type,
platform or location."