Thoma Bravo announced the completion of the acquisition of QAD, a provider of manufacturing and supply chain solutions, for approximately $2 billion in cash.
Subject to the terms of the definitive merger agreement, QAD stockholders will receive $87.50 per share of Class A Common Stock or Class B Common Stock. QAD’s common stock has ceased trading and will be delisted from the Nasdaq stock market.
Thoma Bravo is one of the largest private equity firms in the world, with more than $83 billion in assets under management. Thoma Bravo invests in growth-oriented, innovative companies operating in the software and technology sectors.
Thoma Bravo has acquired more than 325 software and technology companies representing over $100 billion of value over the past 20-plus years. The firm has offices in Chicago, Miami and San Francisco.
Founded in 1979 and headquartered in Santa Barbara, California, QAD has 30 offices globally. Over 2,000 manufacturing companies have deployed QAD solutions including enterprise resource planning (ERP), demand and supply chain planning (DSCP), global trade and transportation execution (GTTE) and quality management system (QMS).