Thoma Bravo and TPG show interest in Workiva takeover

Private equity firms have taken several software companies including Anaplan and Zendesk Inc private this year

Cloud-based data platform Workiva has received takeover interest from private equity firms Thoma Bravo and TPG, Bloomberg News reported on Wednesday citing sources familiar with the matter.

Thoma Bravo this year has acquired cybersecurity firm SailPoint, agreed to buy Ping Identity Holding and has expressed interest in British firm Darktrace and Australia’ Nearmap.

Get the week’s top news delivered directly to your inbox – Sign up for our newsletter

Workiva, which currently has a market value of $3.4 billion, told Reuters it would not comment on market rumors and speculation.

Thoma Bravo and TPG also declined to comment on any potential takeover interest in Workiva.

The Iowa-based company’s shares closed up nearly 18% on Wednesday.

Source: Reuters

Can’t stop reading? Read more