Thoma Bravo Selling Vision Solutions to Clearlake Capital Group

Thoma Bravo LLC, private equity investment firm, announced the sale of Vision Solutions, Inc., provider of HA, DR, and migration software and services, to Clearlake Capital Group, investment firm focused on private equity and special situation transactions.

The exit represents the culmination of a 10-year partnership between Thoma Bravo and Vision Solutions. The transaction is expected to close in Q2, subject to normal closing conditions and approvals.

Financial terms were not disclosed.

“We’ve worked closely with the Vision Solutions executive team to identify the operational efficiencies and transformative acquisitions that would establish the company as the premier provider of data protection solutions for modern data centers,” said Scott Crabill, managing partner, Thoma Bravo. “This approach has led to substantial growth and has delivered value to our investors and Vision Solutions’ customers. We’re happy to have contributed to the company’s success, and look forward to seeing it reach the next stage of growth with its new partner.“

Since Thoma Bravo’s acquisition, Vision Solutions has built on its leadership position in the data protection market with a number of acquisitions, including iTERA, Lakeview Technology and Double-Take Software. Thoma Bravo supported management across all functional groups to optimize operations, expand offerings into new markets and provide best-in-class services; resulting in revenue and EBITDA growth of 300% and 750% respectively during the partnership.

“With Thoma Bravo’s resources and software industry insights, Vision Solutions has established itself as a single-source provider of data center solutions, giving our teams a significant competitive edge in the support we provide to customers, channel partners and cloud service providers,” said Nicolaas Vlok, CEO, Vision Solutions. “The patient and deliberate execution of the plan we established 10 years ago has led to a very successful exit, showcasing Thoma Bravo’s commitment to helping this organization achieve its full growth potential.”

Kirkland & Ellis acted as legal advisor and Jefferies LLC acted as financial advisor to Thoma Bravo.