Madison Dearborn Partners and Thoma Bravo have completed the sale of Syntellis Performance Solutions, a provider of enterprise performance management software, data and intelligence solutions, to Roper Technologies, in an all-cash transaction valued at $1.4bn
Roper will now combine Syntellis with its existing Strata Decision Technology business.
Syntellis became an independent company with the investment support of Thoma Bravo and MDP when it was separated from Kaufman Hall in August 2020. Since then, the company has made product and platform investments, including to its Axiom365 SaaS offering, and enhanced its planning and performance product offering by acquiring Stratasan, a specialist in healthcare market intelligence and data analytics.
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William Blair served as financial advisor and Kirkland & Ellis LLP served as legal advisor to MDP and Thoma Bravo.
Source: Private Equity Wire
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